Traders Sell Shares of Citigroup (C) on Strength (C)
Traders sold shares of Citigroup Inc. (NYSE:C) on strength during trading on Tuesday. $192.75 million flowed into the stock on the tick-up and $303.26 million flowed out of the stock on the tick-down, for a money net flow of $110.51 million out of the stock. Of all equities tracked, Citigroup had the 10th highest net out-flow for the day. Citigroup traded up $0.30 for the day and closed at $76.15
A number of equities analysts recently weighed in on C shares. Bank of America reaffirmed a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. Wells Fargo & Company restated a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Atlantic Securities restated an “overweight” rating and set a $85.00 price objective (up from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. BMO Capital Markets increased their price objective on shares of Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a research note on Friday, October 13th. Finally, Credit Suisse Group restated a “buy” rating and set a $73.00 price objective on shares of Citigroup in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $75.97.
The company has a market cap of $200,177.39, a price-to-earnings ratio of 14.59, a P/E/G ratio of 1.48 and a beta of 1.55. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11.
Citigroup (NYSE:C) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. During the same period last year, the firm earned $1.24 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. equities analysts expect that Citigroup Inc. will post 5.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.68%. Citigroup’s dividend payout ratio (DPR) is 24.66%.
A number of large investors have recently made changes to their positions in C. Godshalk Welsh Capital Management Inc. lifted its holdings in shares of Citigroup by 15.9% during the first quarter. Godshalk Welsh Capital Management Inc. now owns 5,475 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 750 shares during the period. Israel Discount Bank of New York acquired a new position in shares of Citigroup during the first quarter worth $785,000. Good Life Advisors LLC bought a new position in Citigroup during the first quarter worth $209,000. SRS Capital Advisors Inc. raised its stake in Citigroup by 32.0% during the first quarter. SRS Capital Advisors Inc. now owns 4,480 shares of the financial services provider’s stock worth $268,000 after buying an additional 1,085 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new position in Citigroup during the first quarter worth $251,000. 78.59% of the stock is currently owned by institutional investors and hedge funds.
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Citigroup Inc (Citi) is a financial services holding company. The Company’s whose 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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