Traders Sell Shares of Citigroup Inc. (C) on Strength (C)
Traders sold shares of Citigroup Inc. (NYSE:C) on strength during trading hours on Thursday. $88.53 million flowed into the stock on the tick-up and $118.34 million flowed out of the stock on the tick-down, for a money net flow of $29.81 million out of the stock. Of all equities tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.28 for the day and closed at $45.73
A number of equities research analysts have commented on the company. Deutsche Bank AG reiterated a “hold” rating on shares of Citigroup in a research note on Saturday, June 4th. Credit Suisse Group AG reiterated a “buy” rating on shares of Citigroup in a research note on Sunday, April 17th. Jefferies Group reiterated a “buy” rating on shares of Citigroup in a research note on Sunday, July 10th. Vetr upgraded Citigroup from a “buy” rating to a “strong-buy” rating and set a $47.21 price target for the company in a research note on Tuesday, July 5th. Finally, Morgan Stanley reiterated a “hold” rating and issued a $50.00 price target on shares of Citigroup in a research note on Tuesday, April 19th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Citigroup presently has an average rating of “Buy” and an average price target of $55.96.
The company has a 50-day moving average price of $43.38 and a 200 day moving average price of $42.95. The company has a market cap of $131.96 billion and a PE ratio of 9.61.
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 the Thomson Reuters’ consensus estimate of $1.10 by $0.14. The business had revenue of $17.55 billion for the quarter, compared to analyst estimates of $17.47 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. The business’s revenue for the quarter was down 9.9% on a year-over-year basis. Analysts forecast that Citigroup Inc. will post $4.62 EPS for the current year.
The firm 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 dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, July 28th. This is a boost from Citigroup’s previous quarterly dividend of $0.05.
In related news, insider Joseph Michael Murray sold 8,122 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total value of $360,210.70. Following 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 is accessible through this hyperlink.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Advisors LLC boosted its stake in Citigroup by 1.6% in the fourth quarter. BlackRock Advisors LLC now owns 29,497,830 shares of the financial services provider’s stock worth $1,526,513,000 after buying an additional 458,911 shares in the last quarter. Standard Life Investments LTD boosted its stake in Citigroup by 4.6% in the fourth quarter. Standard Life Investments LTD now owns 16,475,624 shares of the financial services provider’s stock worth $852,696,000 after buying an additional 731,328 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Citigroup by 89.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 14,817,113 shares of the financial services provider’s stock worth $393,357,000 after buying an additional 7,013,858 shares in the last quarter. Jennison Associates LLC boosted its stake in Citigroup by 60.5% in the fourth quarter. Jennison Associates LLC now owns 14,682,508 shares of the financial services provider’s stock worth $759,820,000 after buying an additional 5,533,946 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in Citigroup by 12.6% in the fourth quarter. Schroder Investment Management Group now owns 10,023,022 shares of the financial services provider’s stock worth $518,691,000 after buying an additional 1,118,933 shares in the last quarter.
Citigroup Inc (Citi) is a financial services holding company. The Company’s businesses provide consumers, corporations, governments and institutions with a range of 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.