Investors Sell Shares of Citigroup (C) on Strength (C)

Traders sold shares of Citigroup Inc (NYSE:C) on strength during trading on Thursday. $153.05 million flowed into the stock on the tick-up and $253.99 million flowed out of the stock on the tick-down, for a money net flow of $100.94 million out of the stock. Of all companies tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.25 for the day and closed at $67.63

A number of research firms have recently issued reports on C. ValuEngine downgraded Citigroup from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 1st. Morgan Stanley increased their price target on Citigroup from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, March 15th. Zacks Investment Research downgraded Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Daiwa Capital Markets downgraded Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 price objective on the stock. in a research report on Thursday, May 17th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $76.00 price objective on shares of Citigroup in a research report on Friday, April 13th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $80.78.

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30. The company has a market cap of $173.81 billion, a P/E ratio of 12.61, a PEG ratio of 0.98 and a beta of 1.51.



Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The company had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.89 billion. During the same period last year, the business posted $1.35 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. analysts expect that Citigroup Inc will post 6.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Monday, May 7th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Friday, May 4th. Citigroup’s dividend payout ratio (DPR) is presently 24.02%.

In other Citigroup news, CFO John C. Gerspach sold 12,966 shares of the stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $72.31, for a total value of $937,571.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.11% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in shares of Citigroup by 0.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 33,678,989 shares of the financial services provider’s stock worth $2,273,331,000 after purchasing an additional 287,814 shares during the last quarter. Geode Capital Management LLC raised its position in Citigroup by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 28,541,767 shares of the financial services provider’s stock valued at $2,119,402,000 after acquiring an additional 256,760 shares in the last quarter. ValueAct Holdings L.P. raised its position in Citigroup by 1,372.7% during the first quarter. ValueAct Holdings L.P. now owns 16,200,000 shares of the financial services provider’s stock valued at $1,093,500,000 after acquiring an additional 15,100,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Citigroup by 0.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 14,906,518 shares of the financial services provider’s stock valued at $1,109,194,000 after acquiring an additional 91,093 shares in the last quarter. Finally, LSV Asset Management raised its position in Citigroup by 2.5% during the first quarter. LSV Asset Management now owns 13,282,054 shares of the financial services provider’s stock valued at $896,538,000 after acquiring an additional 320,050 shares in the last quarter. Hedge funds and other institutional investors own 76.54% of the company’s stock.

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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