BNP Paribas Sells 1,100 Shares of Citigroup Inc. (NYSE:C)

BNP Paribas trimmed its holdings in Citigroup Inc. (NYSE:C) by 5.3% in the 3rd quarter, Holdings Channel reports. The fund owned 19,511 shares of the company’s stock after selling 1,100 shares during the quarter. BNP Paribas’ holdings in Citigroup were worth $1,218,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of C. POM Investment Strategies LLC purchased a new stake in Citigroup during the 2nd quarter valued at about $25,000. Northwest Investment Counselors LLC purchased a new stake in Citigroup during the 3rd quarter valued at about $28,000. Beacon Capital Management LLC grew its position in Citigroup by 85.5% during the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Citigroup during the 2nd quarter valued at about $31,000. Finally, Triad Wealth Partners LLC purchased a new stake in Citigroup during the 2nd quarter valued at about $32,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Up 0.6 %

Citigroup stock opened at $70.16 on Thursday. The firm has a 50 day moving average of $64.98 and a 200 day moving average of $62.99. The firm has a market capitalization of $132.69 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 0.79 and a beta of 1.44. Citigroup Inc. has a 12-month low of $44.56 and a 12-month high of $71.19. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.52 EPS. As a group, research analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is currently 64.93%.

Wall Street Analyst Weigh In

Several brokerages recently commented on C. Bank of America increased their price objective on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Oppenheimer boosted their price objective on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Morgan Stanley decreased their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Wells Fargo & Company boosted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Evercore ISI boosted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $73.00.

About Citigroup

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.