Traders Sell Citigroup (C) on Strength (C)

Traders sold shares of Citigroup Inc (NYSE:C) on strength during trading on Friday. $123.79 million flowed into the stock on the tick-up and $221.93 million flowed out of the stock on the tick-down, for a money net flow of $98.14 million out of the stock. Of all equities tracked, Citigroup had the 21st highest net out-flow for the day. Citigroup traded up $0.81 for the day and closed at $77.08

Several research analysts recently weighed in on C shares. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th. Keefe, Bruyette & Woods lifted their price target on Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Nomura set a $87.00 price target on Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price target for the company. in a research report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $79.65.

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $203,800.00, a P/E ratio of 13.89, a PEG ratio of 1.12 and a beta of 1.54.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. research analysts expect that Citigroup Inc will post 6.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio is presently 23.06%.

Several large investors have recently modified their holdings of C. Beach Investment Management LLC. boosted its stake in Citigroup by 895.5% during the second quarter. Beach Investment Management LLC. now owns 349,614 shares of the financial services provider’s stock worth $23,382,000 after buying an additional 314,494 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Citigroup by 8.6% during the second quarter. Sequoia Financial Advisors LLC now owns 67,443 shares of the financial services provider’s stock worth $4,511,000 after buying an additional 5,316 shares during the last quarter. Cedar Capital LLC acquired a new position in Citigroup during the second quarter worth $239,000. Pinnacle Associates Ltd. boosted its stake in Citigroup by 13.4% during the second quarter. Pinnacle Associates Ltd. now owns 536,887 shares of the financial services provider’s stock worth $35,907,000 after buying an additional 63,478 shares during the last quarter. Finally, First Business Financial Services Inc. acquired a new position in Citigroup during the second quarter worth $202,000. 79.62% of the stock is currently owned by hedge funds and other 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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