Lbp Am Sa Boosts Stock Position in Citigroup Inc. (NYSE:C)

LBP AM SA raised its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 10.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,955 shares of the company's stock after purchasing an additional 11,002 shares during the quarter. LBP AM SA's holdings in Citigroup were worth $8,516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. lifted its holdings in Citigroup by 3.4% during the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock valued at $24,844,000 after purchasing an additional 11,674 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Citigroup by 13.8% in the fourth quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock worth $1,143,633,000 after buying an additional 1,970,300 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after buying an additional 12,499 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new stake in shares of Citigroup in the first quarter worth about $214,000. Finally, Pinnacle Financial Partners Inc lifted its holdings in shares of Citigroup by 495.1% in the first quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company's stock worth $1,317,000 after buying an additional 15,436 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director directly owned 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by insiders.

Citigroup Trading Down 0.4%

C stock traded down $0.35 on Friday, reaching $86.73. The company's stock had a trading volume of 10,251,072 shares, compared to its average volume of 14,550,501. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $161.99 billion, a PE ratio of 13.70, a PEG ratio of 0.67 and a beta of 1.34. The business has a fifty day simple moving average of $78.40 and a two-hundred day simple moving average of $74.80. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $88.83.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.84 by $0.12. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The business had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. As a group, research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Analysts Set New Price Targets

C has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Bank of America upped their price objective on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Oppenheimer restated an "outperform" rating on shares of Citigroup in a research report on Monday, July 7th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $92.00 price target (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Finally, TD Cowen initiated coverage on shares of Citigroup in a research report on Thursday, May 15th. They set a "hold" rating and a $83.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Citigroup has an average rating of "Moderate Buy" and a consensus price target of $87.89.

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.