Traders Sell Citigroup Inc. (C) on Strength (C)
Traders sold shares of Citigroup Inc. (NYSE:C) on strength during trading hours on Thursday. $202.93 million flowed into the stock on the tick-up and $333.94 million flowed out of the stock on the tick-down, for a money net flow of $131.01 million out of the stock. Of all stocks tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $1.12 for the day and closed at $44.45
Several equities analysts have recently weighed in on the company. Vetr downgraded Citigroup from a “strong-buy” rating to a “buy” rating and set a $47.21 target price on the stock. in a research report on Monday, July 11th. Deutsche Bank AG reiterated a “hold” rating on shares of Citigroup in a research report on Wednesday, June 15th. Keefe, Bruyette & Woods downgraded Citigroup from an “outperform” rating to a “market perform” rating and set a $51.00 price objective on the stock. in a research report on Monday, April 18th. Jefferies Group reiterated a “buy” rating on shares of Citigroup in a research report on Sunday, July 10th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $63.00 price objective (down previously from $70.00) on shares of Citigroup in a research report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $56.16.
The firm’s 50 day moving average is $43.28 and its 200-day moving average is $43.20. The stock has a market capitalization of $130.11 billion and a price-to-earnings ratio of 8.86.
Citigroup (NYSE:C) last released its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The firm had revenue of $17.55 billion for the quarter, compared to analyst estimates of $17.47 billion. The company’s quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.45 earnings per share. On average, analysts anticipate that Citigroup Inc. will post $4.50 earnings per share for the current fiscal year.
In related news, insider W. Bradford Hu sold 9,528 shares of the stock in a transaction on Wednesday, April 20th. The stock was 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 approximately $2,441,914.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Other hedge funds have made changes to their positions in the company. Stevens Capital Management LP increased its stake in shares of Citigroup by 226.6% in the fourth quarter. Stevens Capital Management LP now owns 742,076 shares of the financial services provider’s stock valued at $38,402,000 after buying an additional 514,861 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Citigroup by 5.0% in the fourth quarter. ProShare Advisors LLC now owns 993,337 shares of the financial services provider’s stock valued at $51,405,000 after buying an additional 46,949 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Citigroup by 26.9% in the fourth quarter. Profund Advisors LLC now owns 118,555 shares of the financial services provider’s stock valued at $6,135,000 after buying an additional 25,119 shares in the last quarter. Carret Asset Management LLC increased its stake in shares of Citigroup by 6.4% in the fourth quarter. Carret Asset Management LLC now owns 24,784 shares of the financial services provider’s stock valued at $1,283,000 after buying an additional 1,491 shares in the last quarter. Finally, Engineers Gate Manager LP increased its stake in shares of Citigroup by 27.8% in the fourth quarter. Engineers Gate Manager LP now owns 134,632 shares of the financial services provider’s stock valued at $6,967,000 after buying an additional 29,286 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.
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.