BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 16,794 Shares of Citigroup Inc (NYSE:C)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in shares of Citigroup Inc (NYSE:C) by 1.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,345,782 shares of the financial services provider’s stock after selling 16,794 shares during the quarter. Citigroup comprises 0.8% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s portfolio, making the stock its 24th largest holding. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.05% of Citigroup worth $97,892,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of C. Catamount Wealth Management purchased a new position in shares of Citigroup during the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares in the last quarter. Balentine LLC grew its holdings in shares of Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares in the last quarter. Acrospire Investment Management LLC lifted its position in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in Citigroup in the 2nd quarter worth approximately $123,000. 80.71% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on C. Macquarie restated a “neutral” rating and issued a $84.00 target price (up previously from $82.00) on shares of Citigroup in a research report on Monday. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Vetr downgraded Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 target price for the company. in a research report on Monday, February 5th. Finally, Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Citigroup has an average rating of “Buy” and an average target price of $79.65.

Shares of Citigroup Inc (C) traded up $1.53 during trading on Wednesday, hitting $76.71. The company had a trading volume of 16,257,629 shares, compared to its average volume of 17,550,000. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $202,820.00, a P/E ratio of 13.82, a PEG ratio of 1.09 and a beta of 1.54. Citigroup Inc has a one year low of $56.55 and a one year high of $80.70.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. equities analysts predict that Citigroup Inc will post 6.4 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.67%. Citigroup’s dividend payout ratio is presently 23.06%.

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Citigroup Company Profile

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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