Traders Sell Citigroup (C) on Strength (C)

Investors sold shares of Citigroup Inc. (NYSE:C) on strength during trading on Monday. $116.29 million flowed into the stock on the tick-up and $187.26 million flowed out of the stock on the tick-down, for a money net flow of $70.97 million out of the stock. Of all companies tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.14 for the day and closed at $75.85

Several research firms have recently issued reports on C. Vetr upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price objective on the stock in a report on Monday, December 4th. Credit Suisse Group restated a “buy” rating and set a $83.00 price objective on shares of Citigroup in a report on Tuesday. Nomura upped their price objective on shares of Citigroup to $84.00 and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus restated a “hold” rating on shares of Citigroup in a report on Monday, October 9th. Finally, BMO Capital Markets restated a “hold” rating and set a $65.00 price objective on shares of Citigroup in a report on Friday, October 6th. One 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’s stock. Citigroup currently has an average rating of “Buy” and a consensus target price of $75.97.

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. The stock has a market cap of $200,547.55, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 1.49 and a beta of 1.55.

Citigroup (NYSE:C) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share 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 the consensus estimate of $17.87 billion. During the same quarter in the prior year, the company earned $1.24 EPS. Citigroup’s quarterly revenue was up 2.3% on a year-over-year basis. analysts forecast that Citigroup Inc. will post 5.3 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were given a $0.32 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.68%. Citigroup’s dividend payout ratio is presently 24.66%.

A number of institutional investors have recently added to or reduced their stakes in C. Catamount Wealth Management purchased a new position in shares of Citigroup during the 2nd quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of 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 buying an additional 1,030 shares in the last quarter. Patten Group Inc. lifted its position in shares of Citigroup by 6.6% during the 1st quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock valued at $105,000 after buying an additional 110 shares in the last quarter. Balentine LLC lifted its position in shares of 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 buying an additional 272 shares in the last quarter. Finally, Acrospire Investment Management LLC lifted its position in shares of 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 buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.

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About Citigroup

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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