Bank of Hawaii Grows Stake in Citigroup Inc (NYSE:C)

Bank of Hawaii raised its stake in shares of Citigroup Inc (NYSE:C) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,981 shares of the financial services provider’s stock after buying an additional 367 shares during the period. Bank of Hawaii’s holdings in Citigroup were worth $1,181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Deprince Race & Zollo Inc. increased its holdings in shares of Citigroup by 27.9% during the fourth quarter. Deprince Race & Zollo Inc. now owns 356,193 shares of the financial services provider’s stock worth $18,543,000 after purchasing an additional 77,766 shares during the period. Investors Research Corp boosted its position in shares of Citigroup by 2.8% during the 4th quarter. Investors Research Corp now owns 10,978 shares of the financial services provider’s stock worth $572,000 after acquiring an additional 300 shares in the last quarter. Pinnacle Financial Partners Inc. boosted its position in shares of Citigroup by 4.2% during the 4th quarter. Pinnacle Financial Partners Inc. now owns 62,463 shares of the financial services provider’s stock worth $3,251,000 after acquiring an additional 2,509 shares in the last quarter. Round Table Services LLC boosted its position in shares of Citigroup by 22.2% during the 4th quarter. Round Table Services LLC now owns 7,385 shares of the financial services provider’s stock worth $384,000 after acquiring an additional 1,341 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Citigroup during the 4th quarter worth approximately $65,000. Institutional investors own 75.99% of the company’s stock.

In other Citigroup news, CEO Stephen Bird sold 30,000 shares of Citigroup stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $69.33, for a total value of $2,079,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by company insiders.

NYSE C traded up $0.55 during mid-day trading on Friday, reaching $71.40. 9,107,470 shares of the stock were exchanged, compared to its average volume of 11,569,898. Citigroup Inc has a one year low of $48.42 and a one year high of $75.24. The company has a 50 day moving average of $66.60. The stock has a market cap of $165.11 billion, a PE ratio of 10.74, a P/E/G ratio of 0.78 and a beta of 1.74. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.01.

Citigroup (NYSE:C) last announced its earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.09. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The business had revenue of $18.58 billion during the quarter, compared to the consensus estimate of $18.56 billion. During the same quarter last year, the firm earned $1.68 earnings per share. Citigroup’s quarterly revenue was down 1.6% on a year-over-year basis. Sell-side analysts expect that Citigroup Inc will post 7.56 EPS for the current fiscal year.

Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Monday, April 29th. Wells Fargo & Co set a $90.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research report on Friday, May 3rd. ValuEngine upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Morgan Stanley raised their target price on shares of Citigroup from $76.00 to $81.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Finally, UBS Group raised their target price on shares of Citigroup from $78.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $79.31.

Citigroup 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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