Oddo BHF Asset Management Sas Buys New Holdings in Citigroup Inc. (NYSE:C)

Oddo BHF Asset Management Sas purchased a new position in shares of Citigroup Inc. (NYSE:C) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,804 shares of the company’s stock, valued at approximately $614,000.

Several other institutional investors and hedge funds have also bought and sold shares of C. Inspire Trust Co. N.A. raised its holdings in shares of Citigroup by 34.8% during the third quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company’s stock worth $4,852,000 after purchasing an additional 20,000 shares during the last quarter. Beaird Harris Wealth Management LLC grew its position in Citigroup by 160.4% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 1,560 shares of the company’s stock worth $98,000 after purchasing an additional 961 shares during the period. Old North State Trust LLC raised its stake in shares of Citigroup by 10.9% during the 3rd quarter. Old North State Trust LLC now owns 4,835 shares of the company’s stock valued at $303,000 after buying an additional 474 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Citigroup by 18.5% during the 3rd quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company’s stock valued at $1,998,976,000 after buying an additional 4,680,713 shares during the last quarter. Finally, Synovus Financial Corp lifted its holdings in shares of Citigroup by 2.1% in the 3rd quarter. Synovus Financial Corp now owns 103,222 shares of the company’s stock valued at $6,462,000 after buying an additional 2,092 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Trading Down 0.6 %

Shares of C stock opened at $71.01 on Friday. Citigroup Inc. has a fifty-two week low of $49.17 and a fifty-two week high of $73.38. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The stock’s fifty day moving average is $67.28 and its two-hundred day moving average is $63.66. The firm has a market capitalization of $134.30 billion, a P/E ratio of 20.58, a PEG ratio of 0.80 and a beta of 1.45.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm posted $1.52 earnings per share. Research analysts expect that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on C. Bank of America lifted their price target on Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Keefe, Bruyette & Woods raised shares of Citigroup from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $70.00 to $82.00 in a report on Tuesday, December 3rd. Oppenheimer increased their price target on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Wells Fargo & Company lifted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Barclays increased their target price on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.63.

Citigroup Company Profile

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.