Traders sold shares of Citigroup (NYSE:C) on strength during trading on Tuesday. $117.74 million flowed into the stock on the tick-up and $252.17 million flowed out of the stock on the tick-down, for a money net flow of $134.43 million out of the stock. Of all equities tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.22 for the day and closed at $72.92
A number of equities analysts have recently issued reports on C shares. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th. Keefe, Bruyette & Woods raised their price objective on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Nomura set a $87.00 price objective on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Vetr downgraded Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a research report on Monday, January 29th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $79.69.
The company has a market capitalization of $187,409.20, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01.
Citigroup (NYSE:C) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. research analysts predict that Citigroup will post 6.41 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were issued a $0.32 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.75%. Citigroup’s payout ratio is currently -41.29%.
A number of hedge funds have recently modified their holdings of the business. Balentine LLC grew its stake in Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the period. Sawyer & Company Inc acquired a new stake in Citigroup in the fourth quarter valued at approximately $117,000. Baldwin Brothers Inc. MA grew its stake in Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 750 shares during the period. Risk Paradigm Group LLC grew its stake in Citigroup by 829.2% in the fourth quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 1,733 shares during the period. Finally, Lee Financial Co boosted its position in shares of Citigroup by 57.0% during the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after buying an additional 813 shares during the last quarter. Institutional investors and hedge funds own 80.08% of the company’s stock.
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Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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