Traders Sell Citigroup Inc. (C) on Strength (C)
Investors sold shares of Citigroup Inc. (NYSE:C) on strength during trading hours on Friday. $174.27 million flowed into the stock on the tick-up and $193.85 million flowed out of the stock on the tick-down, for a money net flow of $19.58 million out of the stock. Of all companies tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.69 for the day and closed at $41.98
Several brokerages recently issued reports on C. Nomura Holdings Inc. reduced their price objective on shares of Citigroup from $64.00 to $62.00 in a research note on Monday, March 21st. Goldman Sachs Group Inc. reissued a “buy” rating and set a $53.00 price objective (up previously from $52.00) on shares of Citigroup in a research note on Tuesday, April 19th. Credit Suisse Group AG reissued a “buy” rating on shares of Citigroup in a research note on Sunday, April 17th. Vetr downgraded shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $52.64 price objective on the stock. in a research note on Tuesday, April 26th. Finally, Evercore ISI reissued a “buy” rating on shares of Citigroup in a research note on Monday, May 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Citigroup currently has a consensus rating of “Buy” and an average price target of $56.48.
The firm has a market capitalization of $123.21 billion and a price-to-earnings ratio of 8.39. The company’s 50-day moving average is $43.61 and its 200-day moving average is $43.45.
Citigroup (NYSE:C) last posted its earnings results on Friday, April 15th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.07. During the same period in the previous year, the business earned $1.52 EPS. The business earned $17.60 billion during the quarter. The firm’s revenue was down 11.1% on a year-over-year basis. On average, equities research analysts anticipate that Citigroup Inc. will post $4.57 earnings per share for the current fiscal year.
In other Citigroup news, insider W. Bradford Hu sold 9,528 shares of Citigroup stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $45.83, for a total value of $436,668.24. Following the completion of the sale, the insider now directly owns 53,282 shares in the company, valued at $2,441,914.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Several hedge funds have recently modified their holdings of the company. Greenhaven Associates Inc. boosted its stake in shares of Citigroup by 12.8% in the fourth quarter. Greenhaven Associates Inc. now owns 6,427,149 shares of the financial services provider’s stock worth $332,605,000 after buying an additional 727,827 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Citigroup by 3.2% in the fourth quarter. California Public Employees Retirement System now owns 8,750,579 shares of the financial services provider’s stock worth $452,842,000 after buying an additional 271,700 shares during the last quarter. Tdam USA Inc. boosted its stake in shares of Citigroup by 2.4% in the fourth quarter. Tdam USA Inc. now owns 228,078 shares of the financial services provider’s stock worth $11,803,000 after buying an additional 5,317 shares during the last quarter. Fiduciary Trust Co. boosted its stake in shares of Citigroup by 165.8% in the fourth quarter. Fiduciary Trust Co. now owns 36,643 shares of the financial services provider’s stock worth $1,896,000 after buying an additional 22,857 shares during the last quarter. Finally, Leisure Capital Management purchased a new stake in shares of Citigroup during the fourth quarter worth $1,347,000.
Citigroup Inc (Citi) is a financial services holding company, whose businesses provide consumers, corporations, governments and institutions with financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth management.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.