Investors purchased shares of Citigroup Inc (NYSE:C) on weakness during trading hours on Thursday. $438.78 million flowed into the stock on the tick-up and $306.55 million flowed out of the stock on the tick-down, for a money net flow of $132.23 million into the stock. Of all stocks tracked, Citigroup had the 5th highest net in-flow for the day. Citigroup traded down ($3.12) for the day and closed at $71.87

Several research analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of Citigroup from $65.00 to $67.00 and gave the company a “market perform” rating in a report on Friday, October 13th. Royal Bank of Canada increased their price target on shares of Citigroup from $75.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, October 13th. Morgan Stanley increased their price target on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Nomura increased their price target on shares of Citigroup from $80.00 to $81.00 and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Societe Generale cut shares of Citigroup from a “hold” rating to a “sell” rating and set a $65.00 price target on the stock. in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $79.44.

The company has a market cap of $199,720.00, a price-to-earnings ratio of 13.28, a P/E/G ratio of 1.04 and a beta of 1.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. During the same period last year, the firm earned $1.14 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. equities analysts expect that Citigroup Inc will post 6.4 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.74%. Citigroup’s dividend payout ratio is presently 23.06%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Citigroup during the 2nd quarter worth approximately $1,034,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position 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 worth $102,000 after acquiring an additional 1,030 shares in the last quarter. Sawyer & Company Inc acquired a new stake in shares of Citigroup during the 4th quarter worth approximately $117,000. Baldwin Brothers Inc. MA boosted its position in shares of Citigroup by 88.4% during the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 750 shares in the last quarter. Finally, Balentine LLC boosted its position 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 worth $108,000 after acquiring an additional 272 shares in the last quarter. 80.94% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This article was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this article on another website, it was illegally stolen and reposted in violation of United States and international copyright and trademark law. The correct version of this article can be accessed at https://theolympiareport.com/2018/02/10/traders-buy-shares-of-citigroup-c-on-weakness-2.html.

About Citigroup

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.

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.