Investors Buy Shares of Citigroup (C) on Weakness

Traders purchased shares of Citigroup Inc (NYSE:C) on weakness during trading on Tuesday. $227.52 million flowed into the stock on the tick-up and $136.22 million flowed out of the stock on the tick-down, for a money net flow of $91.30 million into the stock. Of all companies tracked, Citigroup had the 13th highest net in-flow for the day. Citigroup traded down ($0.36) for the day and closed at $76.46

Several analysts have recently weighed in on C shares. Raymond James Financial started coverage on shares of Citigroup in a research note on Tuesday, October 31st. They set a “hold” rating for the company. Vetr downgraded shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price target for the company. in a research note on Wednesday, November 29th. Nomura lifted their price target on shares of Citigroup to $84.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Credit Suisse Group reaffirmed a “buy” rating and set a $83.00 price target on shares of Citigroup in a research note on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Citigroup currently has an average rating of “Buy” and an average price target of $79.65.

The firm has a market capitalization of $196,502.17, a P/E ratio of -24.84, a P/E/G ratio of 1.11 and a beta of 1.54. 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 issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. Citigroup’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 earnings per share. equities analysts predict that Citigroup Inc will post 6.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is -41.29%.

A number of large investors have recently modified their holdings of C. Balentine LLC increased its position in shares of Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares in the last quarter. Sawyer & Company Inc acquired a new position in shares of Citigroup during the fourth quarter worth $117,000. Baldwin Brothers Inc. MA increased its position in shares of Citigroup by 88.4% during the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 750 shares in the last quarter. Finally, Risk Paradigm Group LLC increased its position in shares of Citigroup by 829.2% during the fourth quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 1,733 shares in the last quarter. 79.62% of the stock is 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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