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

Investors sold shares of Citigroup Inc (NYSE:C) on strength during trading on Thursday. $190.51 million flowed into the stock on the tick-up and $257.35 million flowed out of the stock on the tick-down, for a money net flow of $66.84 million out of the stock. Of all stocks tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $1.42 for the day and closed at $66.88

A number of equities analysts have recently weighed in on C shares. UBS Group raised shares of Citigroup from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $78.00 to $80.00 in a research report on Thursday, April 5th. Vining Sparks reissued a “buy” rating and set a $82.00 price target on shares of Citigroup in a research report on Monday, April 16th. Deutsche Bank raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Wednesday, June 20th. Zacks Investment Research cut shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Finally, BMO Capital Markets reissued a “hold” rating and set a $76.00 price target on shares of Citigroup in a research report on Friday, April 13th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $80.78.

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 company has a market cap of $171.89 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.07. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The firm had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same period in the previous year, the business earned $1.35 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. equities research analysts expect 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 Citigroup stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $72.31, for a total value of $937,571.46. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in C. ValueAct Holdings L.P. increased its stake in shares of Citigroup by 1,372.7% during the 1st quarter. ValueAct Holdings L.P. now owns 16,200,000 shares of the financial services provider’s stock worth $1,093,500,000 after purchasing an additional 15,100,000 shares during the last quarter. Lansdowne Partners UK LLP boosted its holdings in shares of Citigroup by 43.4% during 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 buying an additional 2,997,928 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Citigroup by 41.7% during 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 buying an additional 2,416,598 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Citigroup by 50.0% during the 4th quarter. Mackenzie Financial Corp now owns 5,730,023 shares of the financial services provider’s stock worth $426,371,000 after buying an additional 1,909,362 shares during the period. Finally, Fred Alger Management Inc. boosted its holdings in shares of Citigroup by 16,017.7% during the 4th quarter. Fred Alger Management Inc. now owns 1,414,005 shares of the financial services provider’s stock worth $105,216,000 after buying an additional 1,405,232 shares during the period. 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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