Osborne Partners Capital Management LLC Takes $1.09 Million Position in Citigroup Inc. (C)

Osborne Partners Capital Management LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,015 shares of the financial services provider’s stock, valued at approximately $1,092,000.

Several other large investors also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Citigroup during the second quarter valued at $1,034,000. Catamount Wealth Management purchased a new stake in shares of Citigroup during the second quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,030 shares during the last quarter. Balentine LLC boosted its position in shares of Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its position in shares of Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 78.59% of the company’s stock.

Citigroup Inc. (C) opened at $75.71 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc. has a 12 month low of $55.23 and a 12 month high of $77.92. The company has a market capitalization of $198,247.28, a PE ratio of 14.45, a PEG ratio of 1.47 and a beta of 1.55.

Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter last year, the company earned $1.24 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. research analysts expect that Citigroup Inc. will post 5.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is currently 24.66%.

Several research firms recently commented on C. Vetr raised Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price objective on the stock in a research report on Monday, December 4th. Raymond James Financial began coverage on Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating on the stock. BidaskClub cut Citigroup from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Societe Generale cut Citigroup from a “hold” rating to a “sell” rating and set a $65.00 target price on the stock. in a research report on Monday, October 16th. Finally, Nomura raised their target price on Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $75.83.

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Citigroup Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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