Investors Sell Shares of Citigroup (C) on Strength (C)
Traders sold shares of Citigroup Inc (NYSE:C) on strength during trading hours on Friday. $210.95 million flowed into the stock on the tick-up and $290.04 million flowed out of the stock on the tick-down, for a money net flow of $79.09 million out of the stock. Of all equities tracked, Citigroup had the 18th highest net out-flow for the day. Citigroup traded up $1.28 for the day and closed at $76.84
A number of research firms have weighed in on C. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Raymond James Financial began coverage on Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating on the stock. Morgan Stanley increased their target price on Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. BidaskClub upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $67.00 target price (up previously from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $78.02.
The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $203,170.00, a PE ratio of 14.81, a PEG ratio of 1.30 and a beta of 1.56.
Citigroup (NYSE:C) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. equities analysts forecast that Citigroup Inc will post 5.25 EPS for the current year.
Hedge funds have recently modified their holdings of the stock. Vantage Financial Partners Ltd. Inc. bought a new stake in Citigroup during the second quarter valued at about $1,034,000. Catamount Wealth Management bought a new stake in Citigroup during the second quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,030 shares in the last quarter. Sawyer & Company Inc bought a new stake in Citigroup during the fourth quarter valued at about $117,000. Finally, Balentine LLC boosted 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 in the last quarter. 78.54% of the stock is currently owned by institutional investors.
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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