Oregon Public Employees Retirement Fund Has $22.70 Million Stock Holdings in Citigroup Inc. $C

Oregon Public Employees Retirement Fund decreased its holdings in shares of Citigroup Inc. (NYSE:C) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,184 shares of the company’s stock after selling 4,700 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Citigroup were worth $22,703,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Penobscot Investment Management Company Inc. grew its position in shares of Citigroup by 15.5% during the 1st quarter. Penobscot Investment Management Company Inc. now owns 85,224 shares of the company’s stock worth $9,665,000 after buying an additional 11,438 shares during the period. Cvfg LLC acquired a new position in shares of Citigroup during the 1st quarter valued at $755,000. Flatrock Wealth Partners LLC bought a new position in Citigroup during the first quarter worth $514,000. Aljian Capital Management LLC grew its holdings in Citigroup by 0.8% in the first quarter. Aljian Capital Management LLC now owns 23,442 shares of the company’s stock worth $2,659,000 after purchasing an additional 182 shares during the period. Finally, KERR FINANCIAL PLANNING Corp grew its holdings in Citigroup by 12.4% in the first quarter. KERR FINANCIAL PLANNING Corp now owns 2,162 shares of the company’s stock worth $245,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insiders Place Their Bets

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.30, for a total transaction of $265,260.10. Following the transaction, the director directly owned 12,194 shares of the company’s stock, valued at $1,527,908.20. The trade was a 14.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward Skyler sold 25,000 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the completion of the sale, the insider owned 182,022 shares of the company’s stock, valued at approximately $23,919,511.02. This represents a 12.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.11% of the stock is owned by insiders.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup received bullish analyst attention, including a Bank of America price target increase to $176 and a separate UBS target hike to $150, signaling confidence in the bank’s earnings outlook and upside potential.
• Positive Sentiment: The company was also cited as benefiting from a strong banking backdrop ahead of Q2 earnings, with Wall Street expecting higher revenue and profit growth for financial stocks overall.
• Positive Sentiment: Citi expanded its commodities franchise by joining London Precious Metals Clearing Limited and advising StepStone Group on a landmark $3.3 billion structured solutions vehicle, both of which reinforce its capital-markets and clearing capabilities.
• Neutral Sentiment: Citigroup heads into its July 14 earnings release with investor expectations elevated after a strong recent share-price run, so near-term moves may reflect positioning ahead of results rather than a fundamental change.
• Neutral Sentiment: Recent articles also noted that Citi is projected to report earnings next week and that financial stocks broadly remain in focus as investors look for confirmation of loan-growth and net-interest-margin trends.

Wall Street Analysts Forecast Growth

C has been the topic of several research reports. The Goldman Sachs Group upped their price objective on shares of Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research note on Monday, April 20th. Bank of America increased their price target on Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a report on Tuesday. UBS Group raised their price objective on Citigroup from $134.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Barclays upped their target price on Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

Citigroup Stock Performance

Shares of C opened at $137.40 on Thursday. The firm has a market capitalization of $234.35 billion, a P/E ratio of 17.03, a P/E/G ratio of 0.60 and a beta of 1.11. Citigroup Inc. has a 52 week low of $85.59 and a 52 week high of $147.96. The stock has a 50 day moving average price of $133.22 and a two-hundred day moving average price of $122.55. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.43. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The company had revenue of $24.63 billion for the quarter, compared to analysts’ expectations of $22.96 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Citigroup’s quarterly revenue was up 14.1% on a year-over-year basis. Equities analysts forecast that Citigroup Inc. will post 10.85 earnings per share for the current fiscal year.

Citigroup declared that its Board of Directors has authorized a share repurchase program on Thursday, May 7th that allows the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 13.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.