Traders Sell Citigroup (C) on Strength (C)

Investors sold shares of Citigroup Inc (NYSE:C) on strength during trading hours on Friday. $123.79 million flowed into the stock on the tick-up and $221.93 million flowed out of the stock on the tick-down, for a money net flow of $98.14 million out of the stock. Of all equities tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.81 for the day and closed at $77.08

C has been the topic of several research reports. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Barclays lifted their price objective on shares of Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Vetr lowered shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price objective on the stock. in a report on Wednesday, November 29th. Raymond James Financial initiated coverage on shares of Citigroup in a report on Tuesday, October 31st. They set a “hold” rating on the stock. Finally, Jefferies Group reissued a “hold” rating and set a $83.00 price objective on shares of Citigroup in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $79.65.

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. The company has a market cap of $198,095.61, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 1.12 and a beta of 1.54.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.66%. Citigroup’s payout ratio is currently -41.29%.

Several large investors have recently bought and sold shares of C. Beach Investment Management LLC. lifted its stake in shares of Citigroup by 895.5% during the second quarter. Beach Investment Management LLC. now owns 349,614 shares of the financial services provider’s stock worth $23,382,000 after buying an additional 314,494 shares during the period. Capital Advisors Inc. OK lifted its stake in shares of Citigroup by 0.9% during the second quarter. Capital Advisors Inc. OK now owns 396,895 shares of the financial services provider’s stock worth $26,544,000 after buying an additional 3,464 shares during the period. Bradley Foster & Sargent Inc. CT lifted its position in Citigroup by 1.5% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 29,305 shares of the financial services provider’s stock valued at $1,960,000 after purchasing an additional 444 shares during the period. Greenhaven Associates Inc. lifted its position in Citigroup by 1.0% during the second quarter. Greenhaven Associates Inc. now owns 11,495,187 shares of the financial services provider’s stock valued at $768,798,000 after purchasing an additional 109,475 shares during the period. Finally, Seizert Capital Partners LLC lifted its position in Citigroup by 1.4% during the second quarter. Seizert Capital Partners LLC now owns 541,884 shares of the financial services provider’s stock valued at $36,241,000 after purchasing an additional 7,530 shares during the period. Institutional investors and hedge funds own 79.62% of the company’s stock.

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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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