Investors Sell Citigroup (C) on Strength (C)

Investors sold shares of Citigroup Inc (NYSE:C) on strength during trading hours on Thursday. $190.51 million flowed into the stock on the tick-up and $257.35 million flowed out of the stock on the tick-down, for a money net flow of $66.84 million out of the stock. Of all equities tracked, Citigroup had the 19th highest net out-flow for the day. Citigroup traded up $1.42 for the day and closed at $66.88

A number of brokerages have recently commented on C. UBS Group raised shares of Citigroup from a “neutral” rating to a “buy” rating and increased their price target for the stock from $78.00 to $80.00 in a report on Thursday, April 5th. Zacks Investment Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Morgan Stanley decreased their price target on shares of Citigroup from $93.00 to $88.00 and set an “overweight” rating on the stock in a report on Monday, April 30th. HSBC raised shares of Citigroup from a “hold” rating to a “buy” rating and increased their price target for the stock from $82.00 to $85.00 in a report on Wednesday, April 11th. Finally, Vining Sparks raised shares of Citigroup to a “buy” rating and set a $80.00 price target on the stock in a report on Friday, April 6th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the company. Citigroup currently has an average rating of “Hold” and a consensus target price of $80.78.

The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $170.42 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51.

Citigroup (NYSE:C) last released its earnings results on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.07. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same quarter last year, the firm earned $1.35 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. equities analysts predict that Citigroup Inc will post 6.49 earnings per share for the current year.

In related news, CFO John C. Gerspach sold 12,966 shares of the stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $72.31, for a total transaction of $937,571.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in C. ValueAct Holdings L.P. grew its holdings in Citigroup by 1,372.7% in the 1st quarter. ValueAct Holdings L.P. now owns 16,200,000 shares of the financial services provider’s stock worth $1,093,500,000 after acquiring an additional 15,100,000 shares during the last quarter. Lansdowne Partners UK LLP grew its holdings in Citigroup by 43.4% in the 4th quarter. Lansdowne Partners UK LLP now owns 9,901,315 shares of the financial services provider’s stock worth $736,758,000 after acquiring an additional 2,997,928 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in Citigroup by 41.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 8,204,957 shares of the financial services provider’s stock worth $610,531,000 after acquiring an additional 2,416,598 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Citigroup by 50.0% in the 4th quarter. Mackenzie Financial Corp now owns 5,730,023 shares of the financial services provider’s stock worth $426,371,000 after acquiring an additional 1,909,362 shares during the last quarter. Finally, Fred Alger Management Inc. grew its holdings in Citigroup by 16,017.7% in the 4th quarter. Fred Alger Management Inc. now owns 1,414,005 shares of the financial services provider’s stock worth $105,216,000 after acquiring an additional 1,405,232 shares during the last quarter. 76.54% of the stock is currently owned by institutional investors and hedge funds.

About Citigroup

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.

Leave a Reply