Investors Sell Citigroup Inc. (C) on Strength (C)
Traders sold shares of Citigroup Inc. (NYSE:C) on strength during trading 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 stocks 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
Several research firms recently issued reports on C. Deutsche Bank AG reiterated a “hold” rating on shares of Citigroup in a report on Saturday, June 4th. Credit Suisse Group AG restated a “buy” rating on shares of Citigroup in a report on Sunday, April 17th. Jefferies Group restated a “buy” rating on shares of Citigroup in a report on Sunday, July 10th. Vetr upgraded Citigroup from a “buy” rating to a “strong-buy” rating and set a $47.21 price target on the stock in a report on Tuesday, July 5th. Finally, Morgan Stanley restated a “hold” rating and set a $50.00 price target on shares of Citigroup in a report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $55.96.
The stock has a 50-day moving average price of $43.41 and a 200 day moving average price of $42.99. The firm has a market capitalization of $132.43 billion and a price-to-earnings ratio of 9.65.
Citigroup (NYSE:C) last announced 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. The firm earned $17.55 billion during the quarter, compared to the consensus estimate of $17.47 billion. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 earnings per share. On average, analysts anticipate that Citigroup Inc. will post $4.62 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Monday, August 1st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.40%. This is an increase from Citigroup’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, July 28th.
In related news, insider Joseph Michael Murray sold 8,122 shares of the business’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total value of $360,210.70. Following the completion of the sale, the insider now directly owns 35,042 shares of the company’s stock, valued at $1,554,112.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of institutional investors recently modified their holdings of C. Whittier Trust Co. of Nevada Inc. increased its position in shares of Citigroup by 4.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 70,053 shares of the financial services provider’s stock worth $3,625,000 after buying an additional 3,141 shares during the last quarter. Schroder Investment Management Group increased its position in shares of 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 during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of Citigroup by 5.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 399,324 shares of the financial services provider’s stock worth $20,665,000 after buying an additional 19,735 shares during the last quarter. L & S Advisors Inc bought a new position in shares of Citigroup during the fourth quarter worth approximately $9,026,000. Finally, Aberdeen Asset Management PLC UK increased its position in shares of Citigroup by 4.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 1,877,074 shares of the financial services provider’s stock worth $98,565,000 after buying an additional 76,153 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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