Traders sold shares of Citigroup Inc (NYSE:C) on strength during trading hours on Tuesday. $305.72 million flowed into the stock on the tick-up and $526.49 million flowed out of the stock on the tick-down, for a money net flow of $220.77 million out of the stock. Of all stocks tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.27 for the day and closed at $77.11
C has been the topic of a number of analyst reports. Atlantic Securities reiterated an “overweight” rating and set a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Bank of America reiterated a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays increased their price target on Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Raymond James Financial assumed coverage on Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $79.30.
The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $204,830.00, a price-to-earnings ratio of -26.77, a P/E/G ratio of 1.23 and a beta of 1.56.
Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a positive return on equity of 7.36% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same period in the prior year, the firm posted $1.14 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. analysts expect that Citigroup Inc will post 6.16 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of C. Westpac Banking Corp grew its holdings in shares of Citigroup by 9.0% during the 4th quarter. Westpac Banking Corp now owns 261,302 shares of the financial services provider’s stock worth $19,443,000 after purchasing an additional 21,673 shares in the last quarter. Berkshire Asset Management LLC PA grew its holdings in shares of Citigroup by 4.4% during the 4th quarter. Berkshire Asset Management LLC PA now owns 176,866 shares of the financial services provider’s stock worth $13,161,000 after purchasing an additional 7,373 shares in the last quarter. Nepsis Capital Management Inc. grew its holdings in shares of Citigroup by 11.6% during the 4th quarter. Nepsis Capital Management Inc. now owns 100,613 shares of the financial services provider’s stock worth $7,487,000 after purchasing an additional 10,418 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in shares of Citigroup by 2.8% during the 4th quarter. Capital Investment Advisors LLC now owns 70,936 shares of the financial services provider’s stock worth $5,278,000 after purchasing an additional 1,903 shares in the last quarter. Finally, Creative Planning grew its holdings in shares of Citigroup by 3.7% during the 4th quarter. Creative Planning now owns 195,745 shares of the financial services provider’s stock worth $14,565,000 after purchasing an additional 6,966 shares in the last quarter. 78.53% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: “Traders Sell Shares of Citigroup (C) on Strength (C)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://ledgergazette.com/2018/01/18/traders-sell-shares-of-citigroup-c-on-strength-c.html.
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.
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.