Investors Sell Citigroup (C) on Strength (C)

Investors 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 equities tracked, Citigroup had the 9th highest net out-flow for the day. Citigroup traded up $0.56 for the day and closed at $66.31

A number of research analysts have weighed in on C shares. ValuEngine cut shares of Citigroup from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 1st. Daiwa Capital Markets cut shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 target price on the stock. in a research note on Thursday, May 17th. HSBC upgraded shares of Citigroup from a “hold” rating to a “buy” rating and boosted their target price for the company from $82.00 to $85.00 in a research note on Wednesday, April 11th. Vining Sparks upgraded shares of Citigroup to a “buy” rating and set a $80.00 target price on the stock in a research note on Friday, April 6th. Finally, UBS Group upgraded shares of Citigroup from a “neutral” rating to a “buy” rating and boosted their target price for the company from $78.00 to $80.00 in a research note on Thursday, April 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $80.78.

The company has a market cap of $172.71 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.97 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 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.07. The company 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%. Citigroup’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.35 EPS. analysts forecast that Citigroup Inc will post 6.49 EPS for the current year.

In related news, CFO John C. Gerspach sold 12,966 shares of the company’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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Mount Yale Investment Advisors LLC bought a new position in shares of Citigroup in the 1st quarter worth $781,000. Private Vista LLC bought a new position in shares of Citigroup in the 1st quarter worth $225,000. PagnatoKarp Partners LLC increased its holdings in shares of Citigroup by 68.1% in the 1st quarter. PagnatoKarp Partners LLC now owns 4,555 shares of the financial services provider’s stock worth $307,000 after buying an additional 1,846 shares during the last quarter. Nicola Wealth Management LTD. bought a new position in shares of Citigroup in the 1st quarter worth $7,723,000. Finally, Reliant Investment Management LLC increased its holdings in shares of Citigroup by 1.5% in the 1st quarter. Reliant Investment Management LLC now owns 52,010 shares of the financial services provider’s stock worth $3,511,000 after buying an additional 770 shares during the last quarter. 76.54% of the stock is currently owned by institutional investors and hedge funds.

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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