Citigroup (NYSE:C) was the recipient of a significant decline in short interest in the month of March. As of March 29th, there was short interest totalling 21,228,390 shares, a decline of 15.5% from the March 15th total of 25,136,168 shares. Based on an average daily trading volume, of 22,186,456 shares, the short-interest ratio is currently 1.0 days. Approximately 0.8% of the company’s shares are sold short.
Institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC boosted its position in shares of Citigroup by 227.4% in the 3rd quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock worth $700,395,000 after purchasing an additional 6,688,305 shares in the last quarter. Lansdowne Partners UK LLP boosted its position in shares of Citigroup by 43.4% in the 4th quarter. Lansdowne Partners UK LLP now owns 9,901,315 shares of the financial services provider’s stock worth $736,758,000 after purchasing an additional 2,997,928 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in shares of Citigroup by 41.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 8,204,957 shares of the financial services provider’s stock worth $610,531,000 after purchasing an additional 2,416,598 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Citigroup by 71.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 5,777,086 shares of the financial services provider’s stock worth $420,225,000 after purchasing an additional 2,416,400 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Citigroup by 50.0% in the 4th quarter. Mackenzie Financial Corp now owns 5,730,023 shares of the financial services provider’s stock worth $426,371,000 after purchasing an additional 1,909,362 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on the company. Vining Sparks restated a “buy” rating and set a $82.00 price target on shares of Citigroup in a report on Monday. BMO Capital Markets restated a “hold” rating and set a $76.00 price target on shares of Citigroup in a report on Friday. Royal Bank of Canada restated an “outperform” rating and set a $85.00 price target on shares of Citigroup in a report on Wednesday, January 17th. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Macquarie boosted their price target on Citigroup from $82.00 to $84.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $81.01.
Citigroup stock opened at $70.07 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. The company has a market cap of $182,500.39, a price-to-earnings ratio of 13.15, a PEG ratio of 1.01 and a beta of 1.56. Citigroup has a fifty-two week low of $57.55 and a fifty-two week high of $80.70.
Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.07. The business had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.89 billion. Citigroup had a positive return on equity of 7.95% and a negative net margin of 6.28%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.35 EPS. analysts forecast that Citigroup will post 6.41 earnings per share for the current year.
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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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