Investors Buy Citigroup (C) on Weakness

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.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter last year, the business posted $1.14 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. equities analysts forecast that Citigroup Inc will post 6.4 EPS for the current year.

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.

TRADEMARK VIOLATION NOTICE: “Investors Buy Citigroup (C) on Weakness” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://stocknewstimes.com/2018/02/20/investors-buy-citigroup-c-on-weakness.html.

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.

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply