MetLife Investment Advisors LLC Invests $60.87 Million in Citigroup (C)

MetLife Investment Advisors LLC bought a new stake in Citigroup (NYSE:C) in the 4th quarter, HoldingsChannel.com reports. The firm bought 818,076 shares of the financial services provider’s stock, valued at approximately $60,873,000. Citigroup makes up 0.7% of MetLife Investment Advisors LLC’s investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of C. Sawyer & Company Inc acquired a new position in Citigroup during the 4th quarter valued at about $117,000. Baldwin Brothers Inc. MA boosted its stake in Citigroup by 88.4% during the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 750 shares during the last quarter. Risk Paradigm Group LLC boosted its stake in Citigroup by 829.2% during the 4th quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 1,733 shares during the last quarter. Lee Financial Co boosted its stake in Citigroup by 57.0% during the 4th quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 813 shares during the last quarter. Finally, Omnia Family Wealth LLC boosted its stake in Citigroup by 187.7% during the 4th quarter. Omnia Family Wealth LLC now owns 2,299 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors own 80.16% of the company’s stock.

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NYSE:C opened at $68.60 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $180,470.03, a P/E ratio of 13.17, a P/E/G ratio of 1.02 and a beta of 1.56. Citigroup has a 12 month low of $57.55 and a 12 month high of $80.70.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The company had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. Citigroup’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 EPS. sell-side analysts expect that Citigroup will post 6.4 EPS for the current year.

A number of research firms have issued reports on C. Vetr downgraded Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price target for the company. in a research note on Monday, January 29th. Morgan Stanley lifted their price target on Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research note on Friday, February 2nd. Wells Fargo set a $100.00 price target on Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods downgraded Citigroup from an “outperform” rating to a “market perform” rating and cut their price target for the company from $90.00 to $82.00 in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $80.69.

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About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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