Citigroup Inc. (C) Shares Sold by BB&T Corp

BB&T Corp trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 19.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,997 shares of the financial services provider’s stock after selling 4,719 shares during the quarter. BB&T Corp’s holdings in Citigroup were worth $1,453,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in C. Godshalk Welsh Capital Management Inc. increased its stake in shares of Citigroup by 15.9% during the first quarter. Godshalk Welsh Capital Management Inc. now owns 5,475 shares of the financial services provider’s stock valued at $328,000 after buying an additional 750 shares during the period. Israel Discount Bank of New York purchased a new position in shares of Citigroup during the first quarter valued at $785,000. Good Life Advisors LLC purchased a new position in shares of Citigroup during the first quarter valued at $209,000. SRS Capital Advisors Inc. grew its stake in Citigroup by 32.0% in the first quarter. SRS Capital Advisors Inc. now owns 4,480 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new position in Citigroup in the first quarter valued at about $251,000. Institutional investors and hedge funds own 78.59% of the company’s stock.

Several research firms have issued reports on C. Vetr upgraded Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price on the stock in a research note on Monday, December 4th. Raymond James Financial began coverage on Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating on the stock. BidaskClub lowered Citigroup from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating and set a $65.00 target price on the stock. in a research note on Monday, October 16th. Finally, Nomura lifted their target price on Citigroup from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup presently has an average rating of “Buy” and a consensus target price of $75.83.

Shares of Citigroup Inc. (NYSE:C) opened at $75.71 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc. has a twelve month low of $55.23 and a twelve month high of $77.92. The company has a market capitalization of $200,177.39, a PE ratio of 14.59, a P/E/G ratio of 1.48 and a beta of 1.55.

Citigroup (NYSE:C) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. analysts expect that Citigroup Inc. will post 5.31 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Friday, November 3rd. Citigroup’s payout ratio is presently 24.66%.

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About Citigroup

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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