Sei Investments Co. Has $81.94 Million Stake in Citigroup Inc. (NYSE:C)

Sei Investments Co. grew its position in Citigroup Inc. (NYSE:C) by 20.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,295,703 shares of the company’s stock after acquiring an additional 223,185 shares during the period. Sei Investments Co. owned 0.07% of Citigroup worth $81,941,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of Citigroup by 18.4% during the first quarter. Bank of New York Mellon Corp now owns 29,756,568 shares of the company’s stock worth $1,881,805,000 after purchasing an additional 4,620,867 shares in the last quarter. Fisher Asset Management LLC boosted its position in Citigroup by 8.0% in the 4th quarter. Fisher Asset Management LLC now owns 24,755,277 shares of the company’s stock valued at $1,273,411,000 after buying an additional 1,836,283 shares during the last quarter. Putnam Investments LLC increased its stake in shares of Citigroup by 7.9% in the 4th quarter. Putnam Investments LLC now owns 17,775,952 shares of the company’s stock valued at $914,395,000 after buying an additional 1,300,520 shares during the period. Norges Bank bought a new stake in shares of Citigroup during the fourth quarter worth $867,599,000. Finally, Pzena Investment Management LLC lifted its stake in shares of Citigroup by 1.3% during the fourth quarter. Pzena Investment Management LLC now owns 16,850,636 shares of the company’s stock valued at $866,797,000 after acquiring an additional 223,206 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup Price Performance

NYSE:C traded up $0.62 during trading hours on Monday, reaching $65.14. 16,415,436 shares of the company were exchanged, compared to its average volume of 15,036,174. The business has a 50 day moving average of $62.68 and a 200 day moving average of $59.00. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $66.99. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $124.25 billion, a P/E ratio of 18.29, a P/E/G ratio of 0.91 and a beta of 1.46.

Citigroup (NYSE:C) last issued its earnings results on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The firm had revenue of $20.14 billion for the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a return on equity of 6.27% and a net margin of 4.95%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 EPS. Research analysts forecast that Citigroup Inc. will post 5.86 EPS for the current year.

Analyst Ratings Changes

C has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 price objective on shares of Citigroup in a research report on Monday, April 1st. Royal Bank of Canada increased their price target on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. BMO Capital Markets lifted their price objective on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday. Jefferies Financial Group boosted their price objective on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Finally, Evercore ISI raised their target price on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average price target of $66.27.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.