Traders bought shares of Citigroup Inc. (NYSE:C) on weakness during trading on Thursday. $102.46 million flowed into the stock on the tick-up and $75.03 million flowed out of the stock on the tick-down, for a money net flow of $27.43 million into the stock. Of all stocks tracked, Citigroup had the 12th highest net in-flow for the day. Citigroup traded down ($0.05) for the day and closed at $44.08

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Thursday, July 21st. Barclays PLC reiterated a “buy” rating on shares of Citigroup in a research report on Monday, July 18th. BMO Capital Markets reiterated a “buy” rating and set a $66.00 price target (up from $63.00) on shares of Citigroup in a research report on Monday, July 18th. Nomura reiterated a “buy” rating and set a $57.00 price target (down from $62.00) on shares of Citigroup in a research report on Monday, July 18th. Finally, Argus reiterated a “hold” rating on shares of Citigroup in a research report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $56.01.

The stock has a market capitalization of $127.29 billion and a P/E ratio of 9.27. The firm’s 50-day moving average price is $42.84 and its 200-day moving average price is $42.83.

Citigroup (NYSE:C) last released its earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. During the same quarter in the previous year, the company earned $1.45 EPS. The company earned $17.55 billion during the quarter, compared to analysts’ expectations of $17.47 billion. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. Equities analysts predict that Citigroup Inc. will post $4.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Monday, August 1st will be given a $0.16 dividend. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.46%. This is an increase from Citigroup’s previous quarterly dividend of $0.05.

In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total value of $360,210.70. Following the completion of the sale, the insider now owns 35,042 shares in the company, valued at approximately $1,554,112.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of hedge funds and institutional investors have recently bought and sold shares of the stock. MRJ Capital Inc. raised its position in Citigroup by 0.5% in the fourth quarter. MRJ Capital Inc. now owns 39,600 shares of the financial services provider’s stock worth $2,049,000 after buying an additional 200 shares during the last quarter. Alerus Investment Advisors Corp raised its position in Citigroup by 0.8% in the fourth quarter. Alerus Investment Advisors Corp now owns 71,467 shares of the financial services provider’s stock worth $3,699,000 after buying an additional 586 shares during the last quarter. Wetherby Asset Management Inc. raised its position in Citigroup by 1.8% in the fourth quarter. Wetherby Asset Management Inc. now owns 34,645 shares of the financial services provider’s stock worth $1,793,000 after buying an additional 615 shares during the last quarter. Courier Capital Corp raised its position in Citigroup by 1.4% in the fourth quarter. Courier Capital Corp now owns 53,467 shares of the financial services provider’s stock worth $2,767,000 after buying an additional 715 shares during the last quarter. Finally, Andra AP fonden raised its position in Citigroup by 0.4% in the fourth quarter. Andra AP fonden now owns 180,000 shares of the financial services provider’s stock worth $9,315,000 after buying an additional 800 shares during 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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