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

Investors sold shares of Citigroup (NYSE:C) on strength during trading hours on Thursday. $251.62 million flowed into the stock on the tick-up and $357.88 million flowed out of the stock on the tick-down, for a money net flow of $106.26 million out of the stock. Of all stocks tracked, Citigroup had the 6th highest net out-flow for the day. Citigroup traded up $2.24 for the day and closed at $72.13

A number of equities analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Citigroup from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Thursday, March 15th. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Deutsche Bank set a $74.00 price objective on shares of Citigroup and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Vining Sparks raised shares of Citigroup to a “buy” rating and set a $80.00 price objective on the stock in a research note on Friday, April 6th. Finally, HSBC raised shares of Citigroup from a “hold” rating to a “buy” rating and raised their price objective for the company from $82.00 to $85.00 in a research note on Wednesday. Two 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’s stock. The company currently has an average rating of “Hold” and an average target price of $80.88.

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $181,215.36, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 1.01 and a beta of 1.56.



Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same period last year, the business posted $1.14 earnings per share. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. equities research analysts forecast that Citigroup will post 6.4 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Linscomb & Williams Inc. grew its position in Citigroup by 8.0% in the fourth quarter. Linscomb & Williams Inc. now owns 8,787 shares of the financial services provider’s stock valued at $654,000 after purchasing an additional 654 shares in the last quarter. Pillar Pacific Capital Management LLC grew its position in Citigroup by 0.6% in the fourth quarter. Pillar Pacific Capital Management LLC now owns 119,037 shares of the financial services provider’s stock valued at $8,857,000 after purchasing an additional 660 shares in the last quarter. Logan Capital Management Inc. grew its position in Citigroup by 20.0% in the fourth quarter. Logan Capital Management Inc. now owns 4,124 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 687 shares in the last quarter. IFM Investors Pty Ltd grew its position in Citigroup by 0.9% in the third quarter. IFM Investors Pty Ltd now owns 76,983 shares of the financial services provider’s stock valued at $5,600,000 after purchasing an additional 716 shares in the last quarter. Finally, Baldwin Brothers Inc. MA grew its position in Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 750 shares in the last quarter. Institutional investors and hedge funds own 80.16% of the company’s stock.

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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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