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

Investors sold shares of Citigroup Inc (NYSE:C) on strength during trading hours on Thursday. $136.52 million flowed into the stock on the tick-up and $170.90 million flowed out of the stock on the tick-down, for a money net flow of $34.38 million out of the stock. Of all companies tracked, Citigroup had the 31st highest net out-flow for the day. Citigroup traded up $0.72 for the day and closed at $79.20

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $78.50 price objective (up from $77.50) on shares of Citigroup in a research note on Friday, October 6th. BMO Capital Markets reissued a “hold” rating and issued a $65.00 price objective on shares of Citigroup in a research note on Friday, October 6th. Credit Suisse Group reissued a “buy” rating and issued a $83.00 price objective (up from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. Stifel Nicolaus reissued a “hold” rating on shares of Citigroup in a research note on Monday, October 9th. Finally, BidaskClub raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $78.79.

The stock has a market cap of $209,400.00, a P/E ratio of 14.27, a PEG ratio of 1.49 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 (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. During the same period last year, the company earned $1.14 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities research analysts forecast that Citigroup Inc will post 6.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.62%. Citigroup’s dividend payout ratio is currently 23.06%.

Several institutional investors have recently added to or reduced their stakes in the business. Beach Investment Management LLC. lifted its holdings in shares of Citigroup by 895.5% during the 2nd quarter. Beach Investment Management LLC. now owns 349,614 shares of the financial services provider’s stock worth $23,382,000 after acquiring an additional 314,494 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Citigroup by 4.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,441,512 shares of the financial services provider’s stock worth $97,257,000 after acquiring an additional 62,393 shares during the period. Cumberland Partners Ltd lifted its holdings in shares of Citigroup by 21.7% during the 2nd quarter. Cumberland Partners Ltd now owns 195,237 shares of the financial services provider’s stock worth $13,057,000 after acquiring an additional 34,800 shares during the period. First Mercantile Trust Co. lifted its holdings in shares of Citigroup by 1.1% during the 2nd quarter. First Mercantile Trust Co. now owns 22,227 shares of the financial services provider’s stock worth $1,486,000 after acquiring an additional 245 shares during the period. Finally, Pekin Singer Strauss Asset Management IL lifted its holdings in shares of Citigroup by 3.0% during the 2nd quarter. Pekin Singer Strauss Asset Management IL now owns 22,183 shares of the financial services provider’s stock worth $1,484,000 after acquiring an additional 651 shares during the period. 80.93% of the stock is currently owned by institutional investors.

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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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