Citigroup Inc. (NYSE:C) Short Interest Update

Citigroup Inc. (NYSE:C) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 33,550,000 shares, a growth of 10.0% from the October 31st total of 30,500,000 shares. Based on an average daily trading volume, of 13,500,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.8% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. POM Investment Strategies LLC acquired a new stake in Citigroup during the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new position in Citigroup in the 3rd quarter valued at $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Citigroup in the 2nd quarter valued at $31,000. Legacy Investment Solutions LLC acquired a new position in Citigroup in the 3rd quarter valued at $31,000. Finally, Triad Wealth Partners LLC acquired a new position in Citigroup in the 2nd quarter valued at $32,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Up 0.2 %

NYSE:C traded up $0.11 during mid-day trading on Wednesday, hitting $71.53. The company had a trading volume of 7,267,515 shares, compared to its average volume of 14,361,490. The firm has a market cap of $135.28 billion, a P/E ratio of 20.62, a P/E/G ratio of 0.80 and a beta of 1.45. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The business’s fifty day moving average is $65.67 and its two-hundred day moving average is $63.19. Citigroup has a fifty-two week low of $46.40 and a fifty-two week high of $72.80.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. Citigroup’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the company earned $1.52 earnings per share. As a group, research analysts expect that Citigroup will post 5.85 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.13%. Citigroup’s dividend payout ratio is 64.93%.

Analyst Upgrades and Downgrades

Several brokerages have commented on C. Keefe, Bruyette & Woods upgraded shares of Citigroup from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $70.00 to $82.00 in a research report on Tuesday. Morgan Stanley dropped their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Oppenheimer lifted their price target on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Bank of America lifted their price target on Citigroup from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday. Finally, The Goldman Sachs Group lowered their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $75.00.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.