Traders Sell Shares of Citigroup Inc. (C) on Strength (C)
Traders sold shares of Citigroup Inc. (NYSE:C) on strength during trading on Friday. $174.27 million flowed into the stock on the tick-up and $193.85 million flowed out of the stock on the tick-down, for a money net flow of $19.58 million out of the stock. Of all companies tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.69 for the day and closed at $41.98
A number of equities research analysts have commented on the company. Wells Fargo & Co. cut Citigroup from an “outperform” rating to a “market perform” rating in a report on Friday. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $63.00 target price (down previously from $70.00) on shares of Citigroup in a report on Wednesday. Vetr upgraded Citigroup from a “buy” rating to a “strong-buy” rating and set a $47.21 target price on the stock in a report on Tuesday. Deutsche Bank AG reiterated a “hold” rating on shares of Citigroup in a report on Sunday, June 26th. Finally, Buckingham Research restated a “buy” rating on shares of Citigroup in a report on Tuesday, June 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Citigroup currently has an average rating of “Buy” and an average price target of $56.48.
The stock has a market capitalization of $123.21 billion and a price-to-earnings ratio of 8.39. The company has a 50-day moving average price of $43.61 and a 200-day moving average price of $43.45.
Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 15th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.07. The business earned $17.60 billion during the quarter. During the same period in the previous year, the company earned $1.52 EPS. The company’s quarterly revenue was down 11.1% compared to the same quarter last year. Analysts anticipate that Citigroup Inc. will post $4.59 EPS for the current fiscal year.
In related news, insider W. Bradford Hu sold 9,528 shares of the company’s stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $45.83, for a total value of $436,668.24. Following the completion of the sale, the insider now directly owns 53,282 shares in the company, valued at $2,441,914.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
A number of hedge funds and institutional investors have recently added to or reduced their stakes in C. Vanguard Group Inc. raised its position in Citigroup by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 163,849,049 shares of the financial services provider’s stock worth $8,479,189,000 after buying an additional 1,959,695 shares in the last quarter. OppenheimerFunds Inc. raised its position 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. Boston Partners raised its position in Citigroup by 0.7% in the fourth quarter. Boston Partners now owns 23,353,102 shares of the financial services provider’s stock worth $1,208,523,000 after buying an additional 172,279 shares in the last quarter. Standard Life Investments LTD raised its position 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. Finally, BNP Paribas Arbitrage SA raised its position 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.
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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