Traders sold shares of Citigroup Inc. (NYSE:C) on strength during trading hours on Wednesday. $113.07 million flowed into the stock on the tick-up and $140.40 million flowed out of the stock on the tick-down, for a money net flow of $27.33 million out of the stock. Of all equities tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.12 for the day and closed at $44.47

A number of research analysts have commented on the company. Credit Suisse Group AG restated a “buy” rating on shares of Citigroup in a research note on Sunday, April 17th. Jefferies Group restated a “buy” rating on shares of Citigroup in a research note on Sunday, July 10th. Deutsche Bank AG restated a “hold” rating on shares of Citigroup in a research note on Sunday, June 26th. BMO Capital Markets restated an “outperform” rating and issued a $63.00 target price (up previously from $61.00) on shares of Citigroup in a research note on Monday, April 18th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and issued a $53.00 target price (up previously from $52.00) on shares of Citigroup in a research note on Tuesday, April 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $56.30.

The firm has a market cap of $129.20 billion and a price-to-earnings ratio of 9.41. The company has a 50 day moving average price of $43.20 and a 200-day moving average price of $43.03.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.14. The company had revenue of $17.55 billion for the quarter, compared to analyst estimates of $17.47 billion. During the same quarter last year, the company posted $1.45 earnings per share. The firm’s quarterly revenue was down 9.9% on a year-over-year basis. Equities research analysts anticipate that Citigroup Inc. will post $4.60 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Monday, August 1st will be given a dividend of $0.16 per share. This is an increase from Citigroup’s previous quarterly dividend of $0.05. This represents a $0.64 dividend on an annualized basis and a yield of 1.44%.

Several institutional investors recently made changes to their positions in the stock. Gabelli Funds LLC raised its position in shares of Citigroup by 3.5% in the fourth quarter. Gabelli Funds LLC now owns 873,546 shares of the financial services provider’s stock valued at $45,206,000 after buying an additional 29,546 shares in the last quarter. OppenheimerFunds Inc. raised its stake in Citigroup by 1.4% in the fourth quarter. OppenheimerFunds Inc. now owns 26,548,526 shares of the financial services provider’s stock worth $1,373,927,000 after buying an additional 355,305 shares in the last quarter. Calamos Advisors LLC raised its stake in Citigroup by 0.3% in the fourth quarter. Calamos Advisors LLC now owns 2,422,542 shares of the financial services provider’s stock worth $125,367,000 after buying an additional 6,677 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in Citigroup by 33.9% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 522,400 shares of the financial services provider’s stock worth $27,034,000 after buying an additional 132,200 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Citigroup by 6.9% in the fourth quarter. Teacher Retirement System of Texas now owns 3,792,976 shares of the financial services provider’s stock worth $196,287,000 after buying an additional 246,108 shares in the last quarter.

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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