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.
ILLEGAL ACTIVITY NOTICE: “Investors Sell Shares of Citigroup Inc. (C) on Strength (C)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://ledgergazette.com/2017/11/17/investors-sell-shares-of-citigroup-inc-c-on-strength-c.html.
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.
Receive News & Ratings for Citigroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.