Gardner Lewis Asset Management L P reduced its stake in shares of Citigroup Inc (NYSE:C) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,143 shares of the financial services provider’s stock after selling 4,410 shares during the quarter. Citigroup comprises about 0.6% of Gardner Lewis Asset Management L P’s investment portfolio, making the stock its 27th biggest position. Gardner Lewis Asset Management L P’s holdings in Citigroup were worth $6,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of C. Bank of New York Mellon Corp grew its stake in shares of Citigroup by 96,369.8% during the third 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 buying an additional 41,535,375 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Citigroup by 5,064.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 40,038,201 shares of the financial services provider’s stock valued at $769,000 after buying an additional 39,262,981 shares during the last quarter. Senator Investment Group LP purchased a new stake in shares of Citigroup in the third quarter valued at approximately $134,512,000. Diamond Hill Capital Management Inc. boosted its holdings in shares of Citigroup by 18.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 10,852,478 shares of the financial services provider’s stock valued at $564,980,000 after purchasing an additional 1,721,014 shares during the period. Finally, Matthew Goff Investment Advisor LLC boosted its holdings in shares of Citigroup by 6,592.0% in the third quarter. Matthew Goff Investment Advisor LLC now owns 1,629,907 shares of the financial services provider’s stock valued at $24,356,000 after purchasing an additional 1,605,551 shares during the period. 71.29% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on C. TheStreet upgraded Citigroup from a “c+” rating to a “b” rating in a report on Friday, January 25th. Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Monday, December 10th. Wells Fargo & Co lowered Citigroup to a “buy” rating in a report on Friday, January 4th. Standpoint Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $49.70 target price for the company in a report on Wednesday, December 26th. Finally, Jefferies Financial Group upgraded Citigroup from a “hold” rating to a “buy” rating and increased their price objective for the company from $64.00 to $73.00 in a report on Friday, February 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $78.27.

NYSE C opened at $61.22 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc has a 1 year low of $48.42 and a 1 year high of $75.24. The firm has a market capitalization of $157.34 billion, a P/E ratio of 9.21, a PEG ratio of 0.76 and a beta of 1.68.

Citigroup (NYSE:C) last released its earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.57 billion. During the same period in the prior year, the firm earned $1.28 EPS. The firm’s revenue was down 2.3% on a year-over-year basis. On average, analysts expect that Citigroup Inc will post 7.45 earnings per share for the current fiscal year.

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

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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).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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