Investors sold shares of Citigroup Inc. (NYSE:C) on strength during trading on Wednesday. $128.55 million flowed into the stock on the tick-up and $148.65 million flowed out of the stock on the tick-down, for a money net flow of $20.10 million out of the stock. Of all stocks tracked, Citigroup had the 17th highest net out-flow for the day. Citigroup traded up $0.07 for the day and closed at $46.66

Several analysts have weighed in on the stock. Drexel Hamilton reiterated a “buy” rating and set a $65.00 target price on shares of Citigroup in a research note on Monday, July 18th. Vetr upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $47.21 target price for the company in a research note on Tuesday, July 5th. TheStreet upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Tuesday. Nomura reiterated a “buy” rating and set a $57.00 target price (down previously from $62.00) on shares of Citigroup in a research note on Monday, July 18th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Citigroup in a research note on Tuesday, August 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $55.49.

The stock has a market cap of $135.56 billion and a PE ratio of 9.88. The company has a 50-day moving average price of $44.60 and a 200-day moving average price of $43.34.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.14. During the same quarter last year, the firm earned $1.45 EPS. The business had revenue of $17.55 billion for the quarter, compared to the consensus estimate of $17.47 billion. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. Analysts expect that Citigroup Inc. will post $4.63 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Monday, August 1st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.37%. 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 other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the business’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 document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Other large investors have recently added to or reduced their stakes in the company. 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 valued at $518,691,000 after buying an additional 1,118,933 shares during the last quarter. Suntrust Banks Inc. boosted its stake in Citigroup by 31.0% in the fourth quarter. Suntrust Banks Inc. now owns 205,255 shares of the financial services provider’s stock valued at $10,620,000 after buying an additional 48,529 shares during the last quarter. Parsons Capital Management Inc. RI boosted its stake in Citigroup by 1.9% in the fourth quarter. Parsons Capital Management Inc. RI now owns 46,592 shares of the financial services provider’s stock valued at $2,411,000 after buying an additional 865 shares during the last quarter. Whalerock Point Partners LLC boosted its stake in Citigroup by 17.1% in the fourth quarter. Whalerock Point Partners LLC now owns 24,327 shares of the financial services provider’s stock valued at $1,258,000 after buying an additional 3,560 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Citigroup by 8.6% in the fourth quarter. US Bancorp DE now owns 879,310 shares of the financial services provider’s stock valued at $45,505,000 after buying an additional 69,736 shares during 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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