Bnp Paribas Arbitrage Sa Lifted Its Citigroup INC (C) Holding by $534.65 Billion

July 27, 2018 - By Vernon Prom

Citigroup Inc. (NYSE:C) LogoInvestors sentiment decreased to 0.89 in Q1 2018. Its down 0.18, from 1.07 in 2017Q4. It worsened, as 89 investors sold C shares while 499 reduced holdings. 114 funds opened positions while 412 raised stakes. 1.90 billion shares or 4.45% less from 1.99 billion shares in 2017Q4 were reported. State Treasurer State Of Michigan reported 756,656 shares. First Interstate National Bank & Trust holds 185,969 shares or 2.83% of its portfolio. Rmsincerbeaux Cap Mgmt Llc invested 1.19% of its portfolio in Citigroup Inc. (NYSE:C). Glaxis Cap Mngmt Ltd Liability Corp has invested 0.99% in Citigroup Inc. (NYSE:C). Ls Invest Advisors Limited Liability Company accumulated 91,858 shares or 0.37% of the stock. Benchmark Capital reported 29,470 shares. Morgan Stanley owns 18.25 million shares. Permit Capital Limited Liability Company invested in 103,750 shares or 3.89% of the stock. Meru Cap Gru Ltd Partnership invested in 22,210 shares. Altfest L J &, New York-based fund reported 19,135 shares. Beacon Capital Management Inc holds 0% of its portfolio in Citigroup Inc. (NYSE:C) for 130 shares. Baldwin Brothers Ma has 1,063 shares. 35,546 are held by Reliance Tru Of Delaware. Qci Asset New York holds 6,666 shares. Minneapolis Port Mgmt Group Limited Liability reported 486,259 shares.

Since February 27, 2018, it had 0 insider buys, and 8 selling transactions for $5.94 million activity. Callahan Don had sold 7,000 shares worth $536,410. Another trade for 7,000 shares valued at $542,920 was sold by Gerspach John C. $611,804 worth of Citigroup Inc. (NYSE:C) shares were sold by Hu W. Bradford. $500,666 worth of Citigroup Inc. (NYSE:C) was sold by Forese James A.. AKRAM RAJA also sold $34,605 worth of Citigroup Inc. (NYSE:C) shares. $2.51M worth of stock was sold by Fraser Jane Nind on Tuesday, February 27.

Bnp Paribas Arbitrage Sa increased its stake in Citigroup Inc (C) by 713.79% based on its latest 2018Q1 regulatory filing with the SEC. Bnp Paribas Arbitrage Sa bought 7.92M shares as the company’s stock declined 11.86% with the market. The institutional investor held 9.03M shares of the major banks company at the end of 2018Q1, valued at $609.57B, up from 1.11 million at the end of the previous reported quarter. Bnp Paribas Arbitrage Sa who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $179.53B market cap company. The stock decreased 0.53% or $0.38 during the last trading session, reaching $71.34. About 11.17 million shares traded. Citigroup Inc. (NYSE:C) has risen 10.48% since July 27, 2017 and is uptrending. It has underperformed by 2.09% the S&P500.

Bnp Paribas Arbitrage Sa, which manages about $53396.22B US Long portfolio, decreased its stake in Calamp Corp (NASDAQ:CAMP) by 3,281 shares to 11,262 shares, valued at $257.68M in 2018Q1, according to the filing. It also reduced its holding in Libbey Inc (NYSEMKT:LBY) by 2,921 shares in the quarter, leaving it with 4,619 shares, and cut its stake in Ishares Silver Trust (Put) (SLV).

More recent Citigroup Inc. (NYSE:C) news were published by: Seekingalpha.com which released: “How Will This Bank Fare Going Forward?” on July 22, 2018. Also Seekingalpha.com published the news titled: “The Way To View Citigroup Right Now” on July 16, 2018. Seekingalpha.com‘s news article titled: “Citigroup: Going Higher” with publication date: July 17, 2018 was also an interesting one.

Citigroup Inc. (NYSE:C) Ratings Coverage

Among 10 analysts covering Citigroup (NYSE:C), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Citigroup had 16 analyst reports since February 2, 2018 according to SRatingsIntel. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, April 4. On Wednesday, April 11 the stock rating was upgraded by HSBC to “Buy”. On Monday, March 26 the stock rating was maintained by Oppenheimer with “Buy”. On Sunday, April 15 the stock rating was maintained by Jefferies with “Hold”. The firm has “Market Perform” rating given on Monday, July 16 by BMO Capital Markets. The stock of Citigroup Inc. (NYSE:C) has “Overweight” rating given on Thursday, March 15 by Morgan Stanley. The firm has “Buy” rating by Vining Sparks given on Friday, April 6. The stock of Citigroup Inc. (NYSE:C) has “Overweight” rating given on Monday, July 16 by Morgan Stanley. The company was upgraded on Thursday, April 5 by UBS. The firm has “Buy” rating by DZ Bank given on Wednesday, February 7.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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