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

Investors sold shares of Citigroup Inc. (NYSE:C) on strength during trading on Wednesday. $153.38 million flowed into the stock on the tick-up and $323.37 million flowed out of the stock on the tick-down, for a money net flow of $169.99 million out of the stock. Of all stocks tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.20 for the day and closed at $71.73

A number of analysts have recently commented on the stock. set a $74.00 price objective on shares of Citigroup and gave the stock a “hold” rating in a research report on Friday, August 11th. Societe Generale raised shares of Citigroup from a “sell” rating to a “hold” rating and upped their price target for the stock from $63.00 to $70.00 in a research report on Monday, September 11th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 price target on shares of Citigroup in a research report on Wednesday, September 27th. Vetr lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $76.22 price target on the stock. in a research report on Monday, July 31st. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $76.00 price objective (up from $70.00) on shares of Citigroup in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $74.77.

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The firm has a market cap of $187,720.00, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57.

Citigroup (NYSE:C) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The firm had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 earnings per share. equities analysts predict that Citigroup Inc. will post 5.31 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be paid a $0.32 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.79%. Citigroup’s dividend payout ratio is currently 24.66%.

A number of hedge funds have recently bought and sold shares of C. Meiji Yasuda Life Insurance Co grew its stake in Citigroup by 9.1% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 98,768 shares of the financial services provider’s stock valued at $5,908,000 after purchasing an additional 8,200 shares during the last quarter. FFT Wealth Management LLC acquired a new stake in shares of Citigroup in the first quarter valued at $533,000. IronBridge Capital Management LP raised its stake in shares of Citigroup by 13.3% in the first quarter. IronBridge Capital Management LP now owns 11,950 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 1,400 shares in the last quarter. Ronald Blue & Co. LLC raised its stake in shares of Citigroup by 3.9% in the first quarter. Ronald Blue & Co. LLC now owns 5,763 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 215 shares in the last quarter. Finally, Fishman Jay A Ltd. MI acquired a new stake in shares of Citigroup in the first quarter valued at $252,000. 78.15% of the stock is currently owned by institutional investors.

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About Citigroup

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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