BNP Paribas Arbitrage SA Acquires 738,298 Shares of Citigroup Inc. (C)
BNP Paribas Arbitrage SA raised its stake in shares of Citigroup Inc. (NYSE:C) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,083,668 shares of the financial services provider’s stock after buying an additional 738,298 shares during the period. Citigroup comprises about 0.9% of BNP Paribas Arbitrage SA’s investment portfolio, making the stock its 13th largest position. BNP Paribas Arbitrage SA owned about 0.41% of Citigroup worth $206,341,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of C. RPg Family Wealth Advisory LLC raised its position in Citigroup by 95.1% in the first quarter. RPg Family Wealth Advisory LLC now owns 2,926 shares of the financial services provider’s stock valued at $122,000 after buying an additional 1,426 shares during the last quarter. Parametrica Management Ltd acquired a new position in Citigroup during the first quarter valued at $238,000. Acrospire Investment Management LLC acquired a new position in Citigroup during the first quarter valued at $271,000. LGL Partners LLC acquired a new position in Citigroup during the first quarter valued at $272,000. Finally, Clear Harbor Asset Management LLC acquired a new position in Citigroup during the first quarter valued at $282,000. Institutional investors and hedge funds own 71.41% of the company’s stock.
Citigroup Inc. (NYSE:C) traded up 3.12% during midday trading on Friday, hitting $47.23. 25,563,084 shares of the stock were exchanged. Citigroup Inc. has a one year low of $34.52 and a one year high of $56.46. The company has a 50 day moving average price of $46.88 and a 200 day moving average price of $44.65. The firm has a market capitalization of $137.22 billion, a price-to-earnings ratio of 10.00 and a beta of 1.90.
Citigroup (NYSE:C) last announced its earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The business earned $17.55 billion during the quarter, compared to analysts’ expectations of $17.47 billion. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The firm’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter last year, the company posted $1.45 EPS. Equities analysts anticipate that Citigroup Inc. will post $4.61 EPS for the current year.
C has been the topic of a number of recent analyst reports. Vetr lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $48.04 price objective on the stock. in a report on Monday, June 27th. Buckingham Research reiterated a “buy” rating on shares of Citigroup in a report on Tuesday, June 21st. Jefferies Group reiterated a “buy” rating on shares of Citigroup in a report on Sunday, July 10th. Credit Suisse Group AG reiterated a “buy” rating on shares of Citigroup in a report on Saturday, July 9th. Finally, Barclays PLC reiterated a “buy” rating and issued a $60.00 price objective on shares of Citigroup in a report on Sunday, July 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the stock. Citigroup currently has an average rating of “Buy” and a consensus target price of $55.39.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total value of $360,210.70. Following the completion of the sale, the insider now owns 35,042 shares in the company, valued at approximately $1,554,112.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s 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.
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