Investors Sell Citigroup (C) on Strength (C)
Investors sold shares of Citigroup Inc (NYSE:C) on strength during trading on Monday. $139.74 million flowed into the stock on the tick-up and $215.27 million flowed out of the stock on the tick-down, for a money net flow of $75.53 million out of the stock. Of all equities tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.29 for the day and closed at $78.59
Several research firms have commented on C. Royal Bank of Canada reissued a “buy” rating and set a $75.00 price target on shares of Citigroup in a research note on Wednesday, September 27th. Deutsche Bank set a $74.00 target price on shares of Citigroup and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Citigroup in a research note on Wednesday, January 17th. JPMorgan Chase & Co. set a $80.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Jefferies Group set a $81.00 target price on shares of Citigroup and gave the stock a “neutral” rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $79.30.
The stock has a market cap of $207,690.00, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.49 and a beta of 1.56. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.63%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is currently 23.06%.
Large investors have recently added to or reduced their stakes in the stock. Catamount Wealth Management bought a new stake in shares of Citigroup during the 2nd quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,030 shares in the last quarter. Balentine LLC boosted its holdings in shares of Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares in the last quarter. Acrospire Investment Management LLC boosted its holdings in shares of Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares in the last quarter. Finally, Sawyer & Company Inc bought a new stake in shares of Citigroup during the 4th quarter valued at $117,000. Institutional investors and hedge funds own 78.61% of the company’s stock.
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Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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