Citigroup Inc. significantly increased its stake in Brookfield Infrastructure Co. (NYSE:BIPC) by 22.4% in the third quarter, bringing its total holdings to 467,633 shares valued at approximately $19.21 million. Other major institutional investors also adjusted their positions in BIPC, with the stock currently having 70.38% institutional ownership. Analyst sentiment is mixed with a consensus “Reduce” rating and a $57 price target, while the stock trades near $50.02.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Citigroup Inc. Has $19.21 Million Holdings in Brookfield Infrastructure Co. $BIPC
Citigroup Inc. significantly increased its stake in Brookfield Infrastructure Co. (NYSE:BIPC) by 22.4% in the third quarter, bringing its total holdings to 467,633 shares valued at approximately $19.21 million. Other major institutional investors also adjusted their positions in BIPC, with the stock currently having 70.38% institutional ownership. Analyst sentiment is mixed with a consensus “Reduce” rating and a $57 price target, while the stock trades near $50.02.