Short Interest in Citigroup Inc (C) Declines By 16.8%
Citigroup Inc (NYSE:C) was the target of a large decline in short interest in the month of December. As of December 29th, there was short interest totalling 27,646,259 shares, a decline of 16.8% from the December 15th total of 33,216,191 shares. Based on an average daily volume of 13,155,824 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.0% of the company’s shares are short sold.
Shares of Citigroup (C) opened at $78.30 on Friday. The firm has a market cap of $207,030.00, a PE ratio of -27.09, a PEG ratio of 1.21 and a beta of 1.56. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup has a 1 year low of $55.23 and a 1 year high of $78.44.
Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. Citigroup’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 EPS. research analysts anticipate that Citigroup will post 6.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, February 2nd. Citigroup’s payout ratio is -44.29%.
Institutional investors have recently made changes to their positions in the stock. Catamount Wealth Management bought a new position in Citigroup during the 2nd quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,030 shares during the period. Balentine LLC lifted its stake in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the period. Acrospire Investment Management LLC lifted its stake in Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares during the period. Finally, Sawyer & Company Inc bought a new position in Citigroup during the 4th quarter valued at about $117,000. Institutional investors own 78.53% of the company’s stock.
A number of research analysts have issued reports on the stock. Nomura set a $87.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank set a $74.00 price objective on shares of Citigroup and gave the company a “neutral” rating in a research report on Wednesday. Wells Fargo & Co set a $100.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research report on Wednesday. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Citigroup in a research report on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Citigroup in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $79.30.
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Citigroup Company Profile
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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