Investors Sell Citigroup Inc. (C) on Strength (C)
Investors sold shares of Citigroup Inc. (NYSE:C) on strength during trading on Monday. $82.16 million flowed into the stock on the tick-up and $103.76 million flowed out of the stock on the tick-down, for a money net flow of $21.60 million out of the stock. Of all stocks tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.81 for the day and closed at $46.39
A number of equities research analysts recently weighed in on the stock. Deutsche Bank AG reissued a “hold” rating on shares of Citigroup in a research report on Saturday, June 4th. Credit Suisse Group AG reissued a “buy” rating on shares of Citigroup in a research report on Saturday, July 9th. Jefferies Group reissued a “buy” rating on shares of Citigroup in a research report on Sunday, July 10th. Vetr raised shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $47.21 price target for the company in a research report on Tuesday, July 5th. Finally, Morgan Stanley reissued a “hold” rating and issued a $50.00 price target on shares of Citigroup in a research report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the company. Citigroup has an average rating of “Buy” and an average target price of $55.96.
The company has a market capitalization of $134.50 billion and a PE ratio of 9.798. The company has a 50-day moving average of $43.59 and a 200 day moving average of $43.07.
Citigroup (NYSE:C) last released its earnings results on Friday, July 15th. The financial services provider reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.14. During the same period in the previous year, the business posted $1.45 EPS. The company had revenue of $17.55 billion for the quarter, compared to analyst estimates of $17.47 billion. The firm’s quarterly revenue was down 9.9% on a year-over-year basis. On average, equities research analysts expect that Citigroup Inc. will post $4.62 EPS for the current fiscal 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 paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, July 28th. This is an increase from Citigroup’s previous quarterly dividend of $0.05. This represents a $0.64 annualized dividend and a yield of 1.38%.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total transaction of $360,210.70. Following the transaction, the insider now owns 35,042 shares of the company’s stock, valued at approximately $1,554,112.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several institutional investors have made changes to their positions in C. Calvert Investment Management Inc. boosted its position in shares of Citigroup by 73.7% in the fourth quarter. Calvert Investment Management Inc. now owns 268,444 shares of the financial services provider’s stock valued at $13,892,000 after buying an additional 113,855 shares in the last quarter. American International Group Inc. boosted its position in shares of Citigroup by 1.0% in the fourth quarter. American International Group Inc. now owns 1,072,645 shares of the financial services provider’s stock valued at $55,509,000 after buying an additional 10,898 shares in the last quarter. BlackRock Advisors LLC boosted its position in shares of Citigroup by 1.6% in the fourth quarter. BlackRock Advisors LLC now owns 29,497,830 shares of the financial services provider’s stock valued at $1,526,513,000 after buying an additional 458,911 shares in the last quarter. Oarsman Capital Inc. boosted its position in shares of Citigroup by 6.7% in the fourth quarter. Oarsman Capital Inc. now owns 67,386 shares of the financial services provider’s stock valued at $3,487,000 after buying an additional 4,227 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its position in shares of Citigroup by 3.7% in the fourth quarter. State of Tennessee Treasury Department now owns 3,153,916 shares of the financial services provider’s stock valued at $163,216,000 after buying an additional 112,692 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.
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