Investors Sell Citigroup (C) on Strength (C)

Traders sold shares of Citigroup Inc (NYSE:C) on strength during trading hours on Wednesday. $179.62 million flowed into the stock on the tick-up and $264.28 million flowed out of the stock on the tick-down, for a money net flow of $84.66 million out of the stock. Of all equities tracked, Citigroup had the 6th highest net out-flow for the day. Citigroup traded up $0.54 for the day and closed at $77.00

Several equities analysts have recently commented on the company. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Deutsche Bank set a $74.00 price objective on Citigroup and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Raymond James Financial assumed coverage on Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating on the stock. Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Credit Suisse Group restated a “buy” rating and issued a $86.00 price objective on shares of Citigroup in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Citigroup has an average rating of “Buy” and an average target price of $79.65.

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $203,590.00, a PE ratio of 13.87, a P/E/G ratio of 1.12 and a beta of 1.54.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.66%. Citigroup’s dividend payout ratio is currently 23.06%.

Hedge funds have recently modified their holdings of the business. Balentine LLC raised its position in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 272 shares during the period. Acrospire Investment Management LLC raised its position in Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 300 shares during the period. Sawyer & Company Inc purchased a new stake in Citigroup during the fourth quarter valued at approximately $117,000. Baldwin Brothers Inc. MA raised its position in Citigroup by 88.4% during the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 750 shares during the period. Finally, Risk Paradigm Group LLC raised its position in Citigroup by 829.2% during the fourth quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 1,733 shares during the period. Institutional investors and hedge funds own 79.62% of the company’s stock.

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About Citigroup

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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