Traders sold shares of Citigroup Inc. (NYSE:C) on strength during trading hours on Tuesday. $192.75 million flowed into the stock on the tick-up and $303.26 million flowed out of the stock on the tick-down, for a money net flow of $110.51 million out of the stock. Of all companies tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.30 for the day and closed at $76.15
C has been the topic of a number of recent research reports. Atlantic Securities reissued an “overweight” rating and issued a $85.00 target price (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Bank of America reissued a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Raymond James Financial initiated coverage on Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating on the stock. Vetr downgraded Citigroup from a “buy” rating to a “hold” rating and set a $76.38 target price on the stock. in a report on Wednesday, November 29th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $65.00 target price on shares of Citigroup in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $76.54.
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 $201,340.75, a PE ratio of 14.67, a P/E/G ratio of 1.49 and a beta of 1.55.
Citigroup (NYSE:C) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 earnings per share. equities research analysts anticipate that Citigroup Inc. will post 5.3 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s payout ratio is 24.66%.
A number of institutional investors and hedge funds have recently modified their holdings of C. Capital Analysts LLC grew its position in shares of Citigroup by 5.4% during the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after purchasing an additional 2,367 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Citigroup by 5.2% during the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after purchasing an additional 205,298 shares in the last quarter. BlackRock Inc. grew its position in shares of Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after purchasing an additional 189,447,104 shares in the last quarter. Amalgamated Bank grew its position in shares of Citigroup by 1.0% during the first quarter. Amalgamated Bank now owns 195,156 shares of the financial services provider’s stock worth $11,674,000 after purchasing an additional 1,937 shares in the last quarter. Finally, Bank of Hawaii grew its position in shares of Citigroup by 52.2% during the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 2,242 shares in the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.
Citigroup Company Profile
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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