Does Warren Buffett own C stock?
Citigroup (C)
Who are the largest shareholders? Today, Citigroup's largest shareholders are Vanguard, BlackRock (NYSE:BRK), State Street Corporation (SST -2.23%), Berkshire Hathaway (BRK. A -1.39%)(BRK. B -1.07%), and Geode Capital Management.
In early 2022, Warren Buffett and his investing team at Berkshire Hathaway (NYSE: BRK. A)(NYSE: BRK.B) made a splash by buying $3 billion in shares of Citigroup (NYSE: C). At the time, Citigroup was experiencing seismic change under new CEO Jane Fraser.
- Apple (AAPL).
- Bank of America (BAC).
- American Express Co. (AXP).
- Coca-Cola Co. (KO).
- Chevron (CVX).
- Occidental Petroleum (OXY).
- Kraft Heinz (KHC).
- Moody's Corp. (MCO).
What stock did Warren Buffett recently buy? Buffett bought shares of Chevron, Occidental Petroleum, and Sirius XM Holdings in the fourth quarter of 2023.
Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Berkshire Hathaway Inc, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Morgan Stanley, Susquehanna International Group, Llp, and Bank of ...
The average price target represents 7.10% Increase from the current price of $61.73. Citigroup's analyst rating consensus is a Moderate Buy. This is based on the ratings of 20 Wall Streets Analysts.
Berkshire Hathaway bought shares of Citigroup after new CEO Jane Fraser started a massive overhaul. Citi's performance metrics are still lagging its large peers.
The age that Warren Buffett bought his first stock, Cities Service Preferred for $38 apiece. The amount of money Warren Buffett amassed was the equivalent of $53,000 in today's dollars by the time he was 16.
Citigroup has received a consensus rating of Moderate Buy. The company's average rating score is 2.59, and is based on 11 buy ratings, 5 hold ratings, and 1 sell rating.
What does Warren Buffett drive?
Buffett's current vehicle, the 2014 Cadillac XTS that he has owned for approximately ten years, is a testament to his reputation for frugality.
Over 30 years ago, Warren Buffett, CEO of Berkshire Hathaway, made his first purchase of silver in anticipation of the metal's demonetization by the U.S. Government. Since that time he has followed silver's fundamentals but no entity he manages has owned it.
- Bank of America (BAC), 1.03 billion.
- Apple (AAPL), 905.6 million.
- Coca-Cola (KO), 400 million.
- Kraft Heinz (KHC), 325.6 million.
- Occidental Petroleum (OXY), 248.1 million.
- American Express (AXP), 151.6 million.
- Chevron (CVX), 126.1 million.
- Nu Holdings (NU), 107.1 million.
- Nvidia Corp. (ticker: NVDA)
- Apple Inc. (AAPL)
- Microsoft Corp. (MSFT)
- Alphabet Inc. (GOOG, GOOGL)
- Tesla Inc. ...
- AllianceBernstein Holding LP (AB)
- Walt Disney Co. ...
- PayPal Holdings Inc.
| Ticker | Company | % Portfolio |
|---|---|---|
| MSFT | Microsoft Corp. | 33.98% |
| BRK.B | Berkshire Hathaway Inc. | 16.80% |
| CNI | Canadian National Railway Co. | 16.29% |
| WM | Waste Management Inc. | 14.92% |
Citi's locally incorporated entity is known as Citibank (China) Co Ltd, which is wholly owned by Citibank N.A. Today Citi is a leading international bank in China with footprint in twelve cities across China (Beijing, Changsha, Chengdu, Chongqing, Dalian, Guangzhou, Guiyang, Hangzhou, Nanjing, Shanghai, Shenzhen, ...
Warren Buffett's Berkshire Hathaway made a $3 billion bet on Citi in 2022. Citigroup Inc. Chief Executive Officer Jane Fraser said billionaire investor Warren Buffett had urged her to continue with the bank's reorganization efforts during a recent lunch meeting, Reuters reported.
Citibank, N.A. (N. A. stands for "National Association"; stylized as citibank) is the primary U.S. banking subsidiary of financial services multinational Citigroup.
Companies Considered Too Big to Fail
Citigroup Inc. The Goldman Sachs Group Inc. JPMorgan Chase & Co. State Street Corp.
What is the target price for C stock?
| High | $95.00 |
|---|---|
| Median | $66.00 |
| Low | $50.00 |
| Average | $67.84 |
| Current Price | $60.71 |
In the last five years, Costco shares have soared 241%, crushing the broader S&P 500 by a wide margin. The strong momentum has carried over into 2024, as the stock is in record territory. That's great news for longtime shareholders.
Part of the reason for this lackluster performance is that the bank has produced disappointing results. Citigroup's recently-reported fourth-quarter results followed this trend, as the bank posted a $1.8 billion loss, which arose from a smorgasbord of charges related to overseas risks.
The stock fell sharply as many banks did, but Citi shares never bounced back. Missed financial targets and regulatory scrutiny for weak risk management under Fraser's predecessor, former CEO Michael Corbat, didn't help.
Key Points. Buffett has been selling some stocks in 2023. After first buying Hewlett Packard stock last year, it hasn't panned out as expected. He may have found better ways to put this cash to work.
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