Todays Report: Today, British Columbia Investment Management Corp Cuts Stake in Citigroup Inc. (C)

Today, British Columbia Investment Management Corp Cuts Stake in Citigroup Inc. (C)

British Columbia Investment Management Corp lowered its position in Citigroup Inc. (NYSE:C) by 16.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,133,542 shares of the financial services provider’s stock after selling 228,341 shares during the period. British Columbia Investment Management Corp’s holdings in Citigroup were worth $53,537,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of C. Trust Co increased its position in Citigroup by 12.9% in the first quarter. Trust Co now owns 40,375 shares of the financial services provider’s stock worth $1,685,000 after buying an additional 4,620 shares during the period. Stillwater Investment Management LLC increased its position in Citigroup by 2.9% in the second quarter. Stillwater Investment Management LLC now owns 30,496 shares of the financial services provider’s stock worth $1,293,000 after buying an additional 846 shares during the period. Exxonmobil Investment Management Inc. TX increased its position in Citigroup by 5.8% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 759,707 shares of the financial services provider’s stock worth $32,204,000 after buying an additional 41,912 shares during the period. CHICAGO TRUST Co NA increased its position in Citigroup by 5.0% in the second quarter. CHICAGO TRUST Co NA now owns 36,334 shares of the financial services provider’s stock worth $1,540,000 after buying an additional 1,744 shares during the period. Finally, Private Asset Management Inc. increased its position in Citigroup by 1.5% in the second quarter. Private Asset Management Inc. now owns 252,058 shares of the financial services provider’s stock worth $10,685,000 after buying an additional 3,717 shares during the period. Institutional investors and hedge funds own 72.52% of the company’s stock.

Shares of Citigroup Inc. (NYSE:C) traded up 0.16% during trading on Friday, hitting $56.78. 11,488,291 shares of the stock traded hands. Citigroup Inc. has a 1-year low of $34.52 and a 1-year high of $56.83. The company has a market cap of $161.81 billion, a P/E ratio of 12.35 and a beta of 1.74. The stock has a 50-day moving average of $51.14 and a 200 day moving average of $46.59.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.08. The company earned $17.80 billion during the quarter, compared to analyst estimates of $17.32 billion. Citigroup had a net margin of 17.58% and a return on equity of 7.04%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 earnings per share. On average, equities research analysts predict that Citigroup Inc. will post $4.70 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Monday, November 7th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.64 annualized dividend and a yield of 1.13%. Citigroup’s payout ratio is currently 13.91%.

A number of research firms recently weighed in on C. Vetr downgraded shares of Citigroup from a “hold” rating to a “sell” rating and set a $47.03 target price for the company. in a research report on Tuesday, October 11th. Jefferies Group raised their target price on shares of Citigroup from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, October 10th. Finally, raised their target price on shares of Citigroup from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, September 23rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $53.47.

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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