Traders Sell Shares of Citigroup (C) on Strength (C)

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.

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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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