Traders Buy Citigroup (C) on Weakness

Investors purchased shares of Citigroup (NYSE:C) on weakness during trading on Monday. $150.71 million flowed into the stock on the tick-up and $117.22 million flowed out of the stock on the tick-down, for a money net flow of $33.49 million into the stock. Of all stocks tracked, Citigroup had the 27th highest net in-flow for the day. Citigroup traded down ($0.52) for the day and closed at $69.48

A number of research analysts recently issued reports on the stock. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Vining Sparks upgraded shares of Citigroup to a “buy” rating and set a $80.00 price objective for the company in a report on Friday, April 6th. Morgan Stanley boosted their price objective on shares of Citigroup from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday, March 15th. Vetr cut shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a report on Monday, January 29th. Finally, Barclays boosted 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. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $81.01.

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The firm has a market cap of $178,568.19, a price-to-earnings ratio of 12.90, a P/E/G ratio of 1.00 and a beta of 1.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30.



Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.07. The business had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.89 billion. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.35 earnings per share. equities research analysts expect that Citigroup will post 6.48 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake 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 in the last quarter. Lansdowne Partners UK LLP grew its stake in shares of Citigroup by 43.4% in the fourth quarter. Lansdowne Partners UK LLP now owns 9,901,315 shares of the financial services provider’s stock valued at $736,758,000 after acquiring an additional 2,997,928 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of Citigroup by 41.7% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 8,204,957 shares of the financial services provider’s stock valued at $610,531,000 after acquiring an additional 2,416,598 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Citigroup by 50.0% in the fourth quarter. Mackenzie Financial Corp now owns 5,730,023 shares of the financial services provider’s stock valued at $426,371,000 after acquiring an additional 1,909,362 shares in the last quarter. Finally, Fred Alger Management Inc. grew its stake in shares of Citigroup by 16,017.7% in the fourth quarter. Fred Alger Management Inc. now owns 1,414,005 shares of the financial services provider’s stock valued at $105,216,000 after acquiring an additional 1,405,232 shares in the last quarter. 80.07% of the stock is currently owned by institutional investors and hedge funds.

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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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