Newman Dignan & Sheerar Inc. Has $660,000 Stake in Citigroup Inc (C)

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Newman Dignan & Sheerar Inc. raised its stake in shares of Citigroup Inc (NYSE:C) by 5.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,609 shares of the financial services provider’s stock after buying an additional 580 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in Citigroup were worth $660,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of Citigroup by 96,369.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 41,578,475 shares of the financial services provider’s stock valued at $2,982,839,000 after purchasing an additional 41,535,375 shares during the period. CI Investments Inc. lifted its stake in Citigroup by 5.6% in 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 acquiring an additional 84,800 shares in the last quarter. Lowe Brockenbrough & Co. Inc. bought a new stake in Citigroup in the 3rd quarter valued at approximately $237,000. Stonebridge Capital Advisors LLC lifted its stake in Citigroup by 5.5% in the 3rd quarter. Stonebridge Capital Advisors LLC now owns 54,087 shares of the financial services provider’s stock valued at $3,880,000 after acquiring an additional 2,825 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. raised its stake in shares of Citigroup by 6.5% during the 3rd quarter. Laurel Wealth Advisors Inc. now owns 19,413 shares of the financial services provider’s stock worth $1,391,000 after purchasing an additional 1,181 shares in the last quarter. Institutional investors own 71.29% of the company’s stock.

C has been the topic of a number of analyst reports. Barclays dropped their price objective on Citigroup from $93.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 2nd. Wells Fargo & Co cut Citigroup to a “buy” rating in a research note on Friday, January 4th. Standpoint Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $49.70 price target on the stock in a research note on Wednesday, December 26th. Odeon Capital Group started coverage on Citigroup in a research note on Wednesday, March 27th. They issued a “hold” rating on the stock. Finally, Oppenheimer upped their price objective on Citigroup from $94.00 to $99.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. Citigroup has a consensus rating of “Buy” and an average price target of $77.84.

Shares of C opened at $67.42 on Monday. Citigroup Inc has a 1 year low of $48.42 and a 1 year high of $75.24. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.30. The stock has a market cap of $169.39 billion, a PE ratio of 10.14, a P/E/G ratio of 0.78 and a beta of 1.67.

Citigroup (NYSE:C) last issued its quarterly earnings data on Monday, January 14th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.06. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.57 billion. During the same period last year, the company earned $1.28 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. On average, research analysts anticipate that Citigroup Inc will post 7.42 EPS for the current fiscal year.

In related news, insider W. Bradford Hu sold 5,420 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Whitaker sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total value of $442,680.00. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

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Citigroup Company Profile

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).

Further Reading: Percentage Decliners

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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