Traders sold shares of Citigroup Inc (NYSE:C) on strength during trading on Friday. $272.21 million flowed into the stock on the tick-up and $388.39 million flowed out of the stock on the tick-down, for a money net flow of $116.18 million out of the stock. Of all equities tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.04 for the day and closed at $66.92
A number of research firms have recently issued reports on C. Deutsche Bank upgraded Citigroup from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Wednesday, June 20th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $74.00 price target on shares of Citigroup in a research note on Thursday, April 5th. TheStreet downgraded Citigroup from a “b-” rating to a “c+” rating in a research note on Tuesday, March 27th. Vining Sparks restated a “buy” rating and issued a $82.00 price target on shares of Citigroup in a research note on Monday, April 16th. Finally, BMO Capital Markets restated a “hold” rating and issued a $76.00 price target on shares of Citigroup in a research note on Friday, April 13th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently 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 current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $171.89 billion, a P/E ratio of 12.56, a PEG ratio of 0.96 and a beta of 1.51.
Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.07. The business had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.89 billion. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.35 earnings per share. equities analysts anticipate that Citigroup Inc will post 6.49 EPS for the current fiscal year.
In other news, CFO John C. Gerspach sold 12,966 shares of Citigroup stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $72.31, for a total value of $937,571.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Stelac Advisory Services LLC bought a new stake in shares of Citigroup in the first quarter worth about $116,000. Bedel Financial Consulting Inc. purchased a new position in Citigroup in the first quarter worth about $133,000. Twin Tree Management LP grew its position in Citigroup by 100.4% in the first quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 535,686 shares in the last quarter. Clearwater Capital Advisors LLC purchased a new position in Citigroup in the first quarter worth about $143,000. Finally, Risk Paradigm Group LLC grew its position in Citigroup by 829.2% in the fourth quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 1,733 shares in the last quarter. 76.54% of the stock is currently owned by hedge funds and other institutional investors.
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.
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