Traders sold shares of Citigroup Inc (NYSE:C) on strength during trading on Tuesday. $233.16 million flowed into the stock on the tick-up and $298.38 million flowed out of the stock on the tick-down, for a money net flow of $65.22 million out of the stock. Of all companies tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.56 for the day and closed at $66.31
Several analysts have commented on C shares. UBS Group raised Citigroup from a “neutral” rating to a “buy” rating and upped their price objective for the company from $78.00 to $80.00 in a research note on Thursday, April 5th. Vining Sparks reissued a “buy” rating and set a $82.00 target price on shares of Citigroup in a research note on Monday, April 16th. Deutsche Bank raised Citigroup from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Wednesday, June 20th. Zacks Investment Research downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Finally, BMO Capital Markets reissued a “hold” rating and set a $76.00 target price on shares of Citigroup in a research note on Friday, April 13th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company. Citigroup presently has an average rating of “Hold” and an average price target of $80.78.
The company has a market cap of $170.42 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 0.96 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 released its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.07. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same period last year, the business posted $1.35 EPS. Citigroup’s quarterly revenue was up 2.8% on a year-over-year basis. analysts predict that Citigroup Inc will post 6.49 EPS for the current year.
In other Citigroup news, CFO John C. Gerspach sold 12,966 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $72.31, for a total transaction of $937,571.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.
A number of large investors have recently made changes to their positions in C. Stelac Advisory Services LLC acquired a new stake in Citigroup during the 1st quarter valued at $116,000. Bedel Financial Consulting Inc. acquired a new stake in Citigroup during the 1st quarter valued at $133,000. Twin Tree Management LP grew its holdings in Citigroup by 100.4% during the 1st quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock valued at $136,000 after buying an additional 535,686 shares during the last quarter. Clearwater Capital Advisors LLC acquired a new stake in Citigroup during the 1st quarter valued at $143,000. Finally, Risk Paradigm Group LLC grew its holdings in Citigroup by 829.2% during the 4th quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock valued at $145,000 after buying an additional 1,733 shares during the last quarter. Hedge funds and other institutional investors own 76.54% of the company’s stock.
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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