Traders Sell Shares of Citigroup (C) on Strength (C)

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Traders sold shares of Citigroup Inc (NYSE:C) on strength during trading hours on Friday. $272.21 million flowed into the stock on the tick-up and $388.39 million flowed out of the stock on the tick-down, for a money net flow of $116.18 million out of the stock. Of all companies tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.04 for the day and closed at $66.92

Several equities research analysts have recently issued reports on the stock. Morgan Stanley increased their target price on shares of Citigroup from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, March 15th. Zacks Investment Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. TheStreet lowered shares of Citigroup from a “b-” rating to a “c+” rating in a research note on Tuesday, March 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $74.00 target price on shares of Citigroup in a research note on Thursday, April 5th. Finally, UBS Group raised shares of Citigroup from a “neutral” rating to a “buy” rating and increased their target price for the stock from $78.00 to $80.00 in a research note on Thursday, April 5th. 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 stock. The stock has an average rating of “Hold” and an average target price of $80.78.

The firm has a market cap of $171.89 billion, a P/E ratio of 12.56, a PEG ratio of 0.96 and a beta of 1.51. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.07. The business had revenue of $18.87 billion during the quarter, compared to the consensus estimate 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 revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.35 EPS. research analysts expect that Citigroup Inc will post 6.49 earnings per share for the current year.

In other news, CFO John C. Gerspach sold 12,966 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $72.31, for a total transaction of $937,571.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of C. Glenview Trust Co boosted its position in shares of Citigroup by 573.4% during the 4th quarter. Glenview Trust Co now owns 50,851 shares of the financial services provider’s stock worth $3,784,000 after purchasing an additional 43,300 shares during the period. Camelot Portfolios LLC boosted its position in shares of Citigroup by 9.9% during the 4th quarter. Camelot Portfolios LLC now owns 10,820 shares of the financial services provider’s stock worth $805,000 after purchasing an additional 977 shares during the period. Cognios Capital LLC boosted its position in shares of Citigroup by 270.8% during the 4th quarter. Cognios Capital LLC now owns 12,629 shares of the financial services provider’s stock worth $939,000 after purchasing an additional 9,223 shares during the period. Reliant Investment Management LLC boosted its position in shares of Citigroup by 2.3% during the 4th quarter. Reliant Investment Management LLC now owns 51,240 shares of the financial services provider’s stock worth $3,813,000 after purchasing an additional 1,155 shares during the period. Finally, Parkside Investments LLC boosted its position in shares of Citigroup by 26.6% during the 4th quarter. Parkside Investments LLC now owns 47,145 shares of the financial services provider’s stock worth $3,508,000 after purchasing an additional 9,910 shares during the period. 76.54% of the stock is owned by hedge funds and other institutional investors.

About Citigroup

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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