Short Interest in Citigroup Inc. (NYSE:C) Increases By 15.6%

Citigroup Inc. (NYSE:CGet Free Report) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 28,360,000 shares, an increase of 15.6% from the February 29th total of 24,540,000 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 16,900,000 shares, the days-to-cover ratio is presently 1.7 days.

Analysts Set New Price Targets

A number of research firms recently weighed in on C. Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $46.00 to $65.00 in a research report on Tuesday, January 30th. Wolfe Research upgraded shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research note on Wednesday, January 3rd. Barclays increased their price objective on shares of Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price on the stock. in a research report on Wednesday, January 10th. Finally, Piper Sandler raised shares of Citigroup from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $56.00 to $63.00 in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.56.

View Our Latest Report on C

Institutional Investors Weigh In On Citigroup

Several large investors have recently modified their holdings of the business. Snider Financial Group lifted its position in Citigroup by 96,645.9% in the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock valued at $4,512,000 after acquiring an additional 84,407,589 shares in the last quarter. Norges Bank acquired a new stake in shares of Citigroup in the 4th quarter valued at about $867,599,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of Citigroup by 87,332.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,511,342 shares of the company’s stock valued at $339,738,000 after purchasing an additional 7,502,751 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Citigroup during the fourth quarter worth about $2,109,120,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Citigroup by 32.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,190,958 shares of the company’s stock worth $729,984,000 after buying an additional 3,462,979 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Down 1.0 %

Shares of C traded down $0.63 on Tuesday, reaching $62.83. 16,061,325 shares of the company’s stock were exchanged, compared to its average volume of 17,359,219. The business has a 50 day moving average price of $56.94 and a two-hundred day moving average price of $49.59. Citigroup has a 12 month low of $38.17 and a 12 month high of $63.90. The stock has a market capitalization of $120.34 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.76 and a beta of 1.52. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.52.

Citigroup (NYSE:CGet Free Report) last announced its quarterly earnings data on Friday, January 12th. The company reported ($1.16) EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The company had revenue of $17.44 billion for the quarter, compared to analyst estimates of $18.71 billion. During the same period last year, the firm earned $1.10 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Research analysts anticipate that Citigroup will post 5.83 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.37%. The ex-dividend date was Friday, February 2nd. Citigroup’s payout ratio is presently 53.13%.

Citigroup Company Profile

(Get Free Report)

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

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