Investors Sell Citigroup Inc. (C) on Strength (C)
Traders sold shares of Citigroup Inc. (NYSE:C) on strength during trading hours on Thursday. $202.93 million flowed into the stock on the tick-up and $333.94 million flowed out of the stock on the tick-down, for a money net flow of $131.01 million out of the stock. Of all equities tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $1.12 for the day and closed at $44.45
C has been the subject of a number of research analyst reports. Wells Fargo & Co. restated an “outperform” rating on shares of Citigroup in a report on Sunday, March 20th. Nomura Holdings Inc. reduced their target price on Citigroup from $64.00 to $62.00 in a report on Monday, March 21st. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $51.00 target price on shares of Citigroup in a report on Tuesday, March 22nd. Vetr upgraded Citigroup from a “buy” rating to a “strong-buy” rating and set a $49.05 target price for the company in a report on Monday, April 4th. Finally, JPMorgan Chase & Co. reduced their target price on Citigroup from $56.00 to $54.00 and set an “overweight” rating for the company in a report on Thursday, April 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $56.16.
The stock has a market capitalization of $130.46 billion and a P/E ratio of 8.88. The firm has a 50 day moving average of $43.34 and a 200-day moving average of $43.26.
Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, April 15th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.07. During the same period in the prior year, the business posted $1.52 EPS. The business earned $17.60 billion during the quarter. The business’s revenue for the quarter was down 11.1% on a year-over-year basis. On average, equities research analysts forecast that Citigroup Inc. will post $4.50 EPS for the current year.
In other Citigroup news, insider W. Bradford Hu sold 9,528 shares of the company’s 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 transaction, the insider now directly owns 53,282 shares in the company, valued at approximately $2,441,914.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Several large investors have recently bought and sold shares of the company. Profund Advisors LLC boosted its stake in Citigroup by 26.9% in the fourth quarter. Profund Advisors LLC now owns 118,555 shares of the financial services provider’s stock valued at $6,135,000 after buying an additional 25,119 shares during the period. Carret Asset Management LLC boosted its stake in Citigroup by 6.4% in the fourth quarter. Carret Asset Management LLC now owns 24,784 shares of the financial services provider’s stock valued at $1,283,000 after buying an additional 1,491 shares during the period. Engineers Gate Manager LP boosted its stake in Citigroup by 27.8% in the fourth quarter. Engineers Gate Manager LP now owns 134,632 shares of the financial services provider’s stock valued at $6,967,000 after buying an additional 29,286 shares during the period. MetLife Securities Inc boosted its stake in Citigroup by 86.2% in the fourth quarter. MetLife Securities Inc now owns 32,646 shares of the financial services provider’s stock valued at $1,689,000 after buying an additional 15,109 shares during the period. Finally, Northern Capital Management LLC boosted its stake in Citigroup by 1.2% in the fourth quarter. Northern Capital Management LLC now owns 66,505 shares of the financial services provider’s stock valued at $3,442,000 after buying an additional 820 shares during the period.
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.
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