Investors Buy Citigroup (C) on Weakness

Traders bought shares of Citigroup (NYSE:C) on weakness during trading hours on Monday. $150.71 million flowed into the stock on the tick-up and $117.22 million flowed out of the stock on the tick-down, for a money net flow of $33.49 million into the stock. Of all companies tracked, Citigroup had the 27th highest net in-flow for the day. Citigroup traded down ($0.52) for the day and closed at $69.48

Several research analysts have recently issued reports on C shares. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Barclays upped their price target on shares of Citigroup from $76.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Credit Suisse Group reiterated a “buy” rating and set a $86.00 price target on shares of Citigroup in a report on Thursday, January 4th. Keefe, Bruyette & Woods downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $90.00 to $82.00 in a report on Tuesday, January 16th. Finally, Jefferies Group reiterated a “hold” rating and set a $83.00 price target on shares of Citigroup in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $81.01.

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The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $179,904.61, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 1.01 and a beta of 1.56.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, beating the Zacks’ 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 negative net margin of 6.28% and a positive return on equity of 8.13%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 earnings per share. equities analysts predict that Citigroup will post 6.48 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in shares of Citigroup by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 28,541,767 shares of the financial services provider’s stock valued at $2,119,402,000 after purchasing an additional 256,760 shares during the period. Boston Partners raised its holdings in shares of Citigroup by 3.4% in the 3rd quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock worth $1,788,752,000 after acquiring an additional 817,162 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Citigroup by 4.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 24,118,886 shares of the financial services provider’s stock worth $1,754,343,000 after acquiring an additional 1,091,989 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Citigroup by 0.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,906,518 shares of the financial services provider’s stock worth $1,109,194,000 after acquiring an additional 91,093 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Citigroup by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 14,367,891 shares of the financial services provider’s stock worth $1,045,123,000 after acquiring an additional 103,026 shares during the last quarter. 80.07% of the stock is currently owned by institutional investors and hedge funds.

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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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