Traders Buy Citigroup (C) on Weakness

Investors bought shares of Citigroup Inc (NYSE:C) on weakness during trading on Monday. $566.80 million flowed into the stock on the tick-up and $456.73 million flowed out of the stock on the tick-down, for a money net flow of $110.07 million into the stock. Of all companies tracked, Citigroup had the 13th highest net in-flow for the day. Citigroup traded down ($3.75) for the day and closed at $73.27

A number of equities research analysts have recently weighed in on the stock. Vetr lowered shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 target price on the stock. in a research note on Monday. Morgan Stanley lifted their target price on shares of Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Friday. Deutsche Bank set a $74.00 target price on shares of Citigroup and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $83.00 target price on shares of Citigroup in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $79.44.

The stock has a market capitalization of $193,730.00, a PE ratio of 13.20, a PEG ratio of 1.45 and a beta of 1.54. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $17.23 billion. During the same period last year, the company posted $1.14 EPS. Citigroup’s revenue was up 1.4% on a year-over-year basis. equities analysts anticipate that Citigroup Inc will post 6.4 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.75%. Citigroup’s dividend payout ratio (DPR) is presently 23.06%.

Institutional investors have recently modified their holdings of the business. Capital Analysts LLC raised its holdings in Citigroup by 5.4% in the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after buying an additional 2,367 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Citigroup by 5.2% in the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after buying an additional 205,298 shares during the last quarter. Bank of Hawaii raised its holdings in Citigroup by 52.2% in the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after buying an additional 2,242 shares during the last quarter. Norinchukin Bank The raised its holdings in Citigroup by 41.0% in the second quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock worth $9,181,000 after buying an additional 39,898 shares during the last quarter. Finally, Advisors Capital Management LLC raised its holdings in Citigroup by 2.8% in the third quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after buying an additional 5,125 shares during the last quarter. 80.94% of the stock is owned by institutional investors and hedge funds.

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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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