Investors Sell Shares of Citigroup (C) on Strength (C)

Investors sold shares of Citigroup Inc (NYSE:C) on strength during trading hours on Monday. $210.95 million flowed into the stock on the tick-up and $290.04 million flowed out of the stock on the tick-down, for a money net flow of $79.09 million out of the stock. Of all equities tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $1.28 for the day and closed at $76.84

C has been the subject of several recent research reports. Credit Suisse Group reissued a “buy” rating and set a $83.00 target price (up from $73.00) on shares of Citigroup in a research report on Monday, October 9th. They noted that the move was a valuation call. BidaskClub raised shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Wells Fargo & Co reissued a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Royal Bank of Canada reissued a “buy” rating and set a $75.00 target price on shares of Citigroup in a research report on Wednesday, September 27th. Finally, Nomura boosted their target price on shares of Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $79.07.

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 firm has a market capitalization of $201,870.00, a PE ratio of 14.70, a PEG ratio of 1.23 and a beta of 1.56.

Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS. sell-side analysts predict that Citigroup Inc will post 5.25 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of C. Asset Dedication LLC raised its position in shares of Citigroup by 27.1% during the 4th quarter. Asset Dedication LLC now owns 14,358 shares of the financial services provider’s stock valued at $1,068,000 after buying an additional 3,062 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in shares of Citigroup by 11.7% during the 4th quarter. Wasatch Advisors Inc. now owns 142,549 shares of the financial services provider’s stock valued at $10,607,000 after purchasing an additional 14,906 shares during the last quarter. CWM LLC grew its holdings in shares of Citigroup by 56.1% during the 4th quarter. CWM LLC now owns 81,524 shares of the financial services provider’s stock valued at $6,066,000 after purchasing an additional 29,287 shares during the last quarter. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Citigroup during the 4th quarter valued at $250,000. Finally, Strategic Advisors LLC grew its holdings in shares of Citigroup by 8.8% during the 4th quarter. Strategic Advisors LLC now owns 33,763 shares of the financial services provider’s stock valued at $2,512,000 after purchasing an additional 2,731 shares during the last quarter. Institutional investors and hedge funds own 78.53% 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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