Traders Buy Shares of Citigroup (C) on Weakness

Investors purchased shares of Citigroup (NYSE:C) on weakness during trading hours on Friday. $395.28 million flowed into the stock on the tick-up and $367.96 million flowed out of the stock on the tick-down, for a money net flow of $27.32 million into the stock. Of all stocks tracked, Citigroup had the 26th highest net in-flow for the day. Citigroup traded down ($1.12) for the day and closed at $71.01

Several research firms have recently commented on C. BMO Capital Markets reaffirmed a “hold” rating and issued a $76.00 price objective on shares of Citigroup in a report on Friday. HSBC raised shares of Citigroup from a “hold” rating to a “buy” rating and upped their price objective for the company from $82.00 to $85.00 in a report on Wednesday. Vining Sparks raised shares of Citigroup to a “buy” rating and set a $80.00 price objective on the stock in a report on Friday, April 6th. UBS raised shares of Citigroup from a “neutral” rating to a “buy” rating and upped their price objective for the company from $78.00 to $80.00 in a report on Thursday, April 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $74.00 price objective on shares of Citigroup in a report on Thursday, April 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Citigroup presently has a consensus rating of “Hold” and an average target price of $80.92.

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The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $185,378.84, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.03 and a beta of 1.56.



Citigroup (NYSE:C) last posted its earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.07. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The firm had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.89 billion. During the same period in the previous year, the business posted $1.35 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. research analysts expect that Citigroup will post 6.4 EPS for the current year.

Large investors have recently bought and sold shares of the business. Sawyer & Company Inc acquired a new position in Citigroup during the fourth quarter worth $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 worth $119,000 after acquiring an additional 750 shares during the period. 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 worth $145,000 after acquiring an additional 1,733 shares during the period. Lee Financial Co raised its position in Citigroup by 57.0% during the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 813 shares during the period. Finally, Omnia Family Wealth LLC raised its position in Citigroup by 187.7% during the fourth quarter. Omnia Family Wealth LLC now owns 2,299 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 1,500 shares during the period. Institutional investors own 80.16% of the company’s stock.

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About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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