Game Creek Capital LP Increases Stake in Citigroup Inc (C)

Game Creek Capital LP increased its holdings in shares of Citigroup Inc (NYSE:C) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,250 shares of the financial services provider’s stock after purchasing an additional 2,000 shares during the quarter. Citigroup accounts for 2.0% of Game Creek Capital LP’s portfolio, making the stock its 17th biggest holding. Game Creek Capital LP’s holdings in Citigroup were worth $4,230,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in shares of Citigroup by 96,369.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 41,578,475 shares of the financial services provider’s stock worth $2,982,839,000 after acquiring an additional 41,535,375 shares during the period. CI Investments Inc. lifted its holdings in Citigroup by 5.6% during the 3rd quarter. CI Investments Inc. now owns 1,599,257 shares of the financial services provider’s stock valued at $114,731,000 after purchasing an additional 84,800 shares during the last quarter. FDx Advisors Inc. lifted its holdings in Citigroup by 7.2% during the 3rd quarter. FDx Advisors Inc. now owns 20,148 shares of the financial services provider’s stock valued at $1,445,000 after purchasing an additional 1,349 shares during the last quarter. Blair William & Co. IL lifted its holdings in Citigroup by 1.3% during the 3rd quarter. Blair William & Co. IL now owns 265,889 shares of the financial services provider’s stock valued at $19,075,000 after purchasing an additional 3,391 shares during the last quarter. Finally, Clarius Group LLC bought a new position in Citigroup during the 3rd quarter valued at about $310,000. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on C. Jefferies Financial Group lifted their price target on shares of Citigroup to $64.00 and gave the company a “hold” rating in a report on Tuesday, January 15th. BMO Capital Markets lifted their price target on shares of Citigroup from $92.00 to $93.00 and gave the company an “outperform” rating in a report on Monday, April 15th. HSBC set a $76.00 price target on shares of Citigroup and gave the company a “buy” rating in a report on Thursday, April 4th. ValuEngine raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Morgan Stanley cut their price target on shares of Citigroup from $81.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, January 8th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $80.61.

C traded down $0.68 during midday trading on Friday, hitting $69.67. The company had a trading volume of 13,513,780 shares, compared to its average volume of 15,146,666. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $179.06 billion, a PE ratio of 10.48, a PEG ratio of 0.80 and a beta of 1.67. Citigroup Inc has a twelve month low of $48.42 and a twelve month high of $75.24.

Citigroup (NYSE:C) last posted its quarterly earnings data on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.09. The firm had revenue of $18.58 billion during the quarter, compared to analysts’ expectations of $18.56 billion. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 EPS. On average, research analysts predict that Citigroup Inc will post 7.55 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is 27.07%.

In other news, insider Michael Whitaker sold 7,000 shares of Citigroup stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $63.24, for a total transaction of $442,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider W. Bradford Hu sold 5,420 shares of Citigroup stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $64.27, for a total transaction of $348,343.40. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

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About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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