Citigroup (NYSE:C) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 22,038,468 shares, a decline of 13.2% from the February 15th total of 25,380,035 shares. Based on an average daily volume of 15,587,583 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.7% of the shares of the company are sold short.
A number of research firms recently commented on C. Morgan Stanley lifted their price target on shares of Citigroup from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday. ValuEngine cut shares of Citigroup from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 1st. Macquarie lifted their price target on shares of Citigroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Vetr cut shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 target price on the stock. in a report on Monday, February 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $79.69.
Hedge funds have recently added to or reduced their stakes in the stock. Carnegie Capital Asset Management LLC raised its holdings in shares of Citigroup by 0.5% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 20,225 shares of the financial services provider’s stock valued at $1,404,000 after purchasing an additional 101 shares in the last quarter. Frontier Wealth Management LLC boosted its holdings in Citigroup by 1.3% during the second quarter. Frontier Wealth Management LLC now owns 10,901 shares of the financial services provider’s stock worth $729,000 after buying an additional 140 shares in the last quarter. Keel Point LLC boosted its holdings in Citigroup by 1.0% during the second quarter. Keel Point LLC now owns 14,694 shares of the financial services provider’s stock worth $983,000 after buying an additional 143 shares in the last quarter. Evercore Wealth Management LLC boosted its holdings in Citigroup by 2.5% during the second quarter. Evercore Wealth Management LLC now owns 7,977 shares of the financial services provider’s stock worth $533,000 after buying an additional 197 shares in the last quarter. Finally, Landmark Financial Advisors LLC boosted its holdings in Citigroup by 5.9% during the second quarter. Landmark Financial Advisors LLC now owns 4,463 shares of the financial services provider’s stock worth $298,000 after buying an additional 250 shares in the last quarter. 80.21% of the stock is owned by institutional investors.
Shares of Citigroup (C) opened at $73.47 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup has a 1 year low of $56.55 and a 1 year high of $80.70. The stock has a market cap of $194,600.00, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51.
Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. Citigroup’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. equities research analysts anticipate that Citigroup will post 6.41 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Friday, February 2nd. Citigroup’s payout ratio is currently 23.53%.
TRADEMARK VIOLATION WARNING: This piece was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://ledgergazette.com/2018/03/18/citigroup-c-short-interest-update.html.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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.