Traders sold shares of Citigroup Inc (NYSE:C) on strength during trading on Wednesday. $204.00 million flowed into the stock on the tick-up and $412.79 million flowed out of the stock on the tick-down, for a money net flow of $208.79 million out of the stock. Of all stocks tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.36 for the day and closed at $77.47
Several analysts have recently issued reports on C shares. Bank of America reiterated a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. Wells Fargo & Co reiterated a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Keefe, Bruyette & Woods increased their price objective on Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Atlantic Securities reiterated an “overweight” rating and issued a $85.00 price objective (up from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Finally, Nomura set a $87.00 price objective on Citigroup and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $79.30.
The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $205,840.00, a P/E ratio of -26.93, a price-to-earnings-growth ratio of 1.21 and a beta of 1.56.
Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 earnings per share. equities research analysts forecast that Citigroup Inc will post 6.27 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.64%. Citigroup’s payout ratio is -44.29%.
Several hedge funds have recently modified their holdings of the business. FMR LLC grew its holdings in shares of Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after buying an additional 4,061,637 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Citigroup by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after buying an additional 2,943,282 shares during the last quarter. Harris Associates L P grew its holdings in shares of Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after buying an additional 221,171 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock worth $2,280,461,000 after buying an additional 1,011,532 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock worth $1,788,752,000 after buying an additional 817,162 shares during the last quarter. 78.53% of the stock is currently owned by institutional investors.
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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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