Traders purchased shares of Citigroup Inc (NYSE:C) on weakness during trading hours on Tuesday. $227.52 million flowed into the stock on the tick-up and $136.22 million flowed out of the stock on the tick-down, for a money net flow of $91.30 million into the stock. Of all companies tracked, Citigroup had the 13th highest net in-flow for the day. Citigroup traded down ($0.36) for the day and closed at $76.46
Several research firms have recently issued reports on C. Macquarie raised their price target on Citigroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Vetr lowered Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 price target on the stock. in a research report on Monday, February 5th. Finally, Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $79.65.
The stock has a market cap of $202,160.00, a P/E ratio of 13.78, a PEG ratio of 1.12 and a beta of 1.54. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio is 23.06%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its position in shares of Citigroup by 227.4% in the third quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock valued at $700,395,000 after acquiring an additional 6,688,305 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Citigroup by 109.5% in the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after acquiring an additional 4,856,866 shares during the last quarter. PointState Capital LP acquired a new stake in shares of Citigroup in the second quarter valued at about $321,322,000. The Manufacturers Life Insurance Company increased its position in shares of Citigroup by 42.4% in the second quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock valued at $990,836,000 after acquiring an additional 4,413,329 shares during the last quarter. Finally, FMR LLC increased its position in shares of Citigroup by 3.8% in the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after acquiring an additional 4,061,637 shares during the last quarter. 79.62% of the stock is currently owned by hedge funds and other institutional investors.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose 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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