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

Investors sold shares of Citigroup Inc (NYSE:C) on strength during trading hours on Tuesday. $97.51 million flowed into the stock on the tick-up and $167.85 million flowed out of the stock on the tick-down, for a money net flow of $70.34 million out of the stock. Of all companies tracked, Citigroup had the 24th highest net out-flow for the day. Citigroup traded up $0.11 for the day and closed at $64.38

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Thursday, November 29th. TheStreet raised shares of Citigroup from a “c+” rating to a “b” rating in a report on Friday, January 25th. Standpoint Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Credit Suisse Group reissued an “outperform” rating and issued a $80.00 price target on shares of Citigroup in a report on Tuesday, January 15th. Finally, Jefferies Financial Group raised their price target on shares of Citigroup to $64.00 and gave the stock a “hold” rating in a report on Tuesday, January 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $76.80.

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The firm has a market capitalization of $165.18 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.79 and a beta of 1.67. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.

Citigroup (NYSE:C) last posted its earnings results on Monday, January 14th. The financial services provider reported $1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.06. Citigroup had a net margin of 18.58% and a return on equity of 9.93%. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.57 billion. During the same period last year, the company posted $1.28 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts anticipate that Citigroup Inc will post 7.49 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Monday, February 4th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 1st. This represents a $1.80 annualized dividend and a dividend yield of 2.80%. Citigroup’s dividend payout ratio is 27.07%.

In other news, insider W. Bradford Hu sold 5,420 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $64.27, for a total value of $348,343.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Whitaker sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total transaction of $442,680.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in shares of Citigroup by 96,369.8% in the third quarter. Bank of New York Mellon Corp now owns 41,578,475 shares of the financial services provider’s stock worth $2,982,839,000 after acquiring an additional 41,535,375 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Citigroup by 5,064.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 40,038,201 shares of the financial services provider’s stock worth $769,000 after acquiring an additional 39,262,981 shares during the period. Northern Trust Corp grew its stake in shares of Citigroup by 1.9% in the fourth quarter. Northern Trust Corp now owns 32,154,657 shares of the financial services provider’s stock worth $1,673,972,000 after acquiring an additional 604,791 shares during the period. ValueAct Holdings L.P. grew its stake in shares of Citigroup by 20.2% in the fourth quarter. ValueAct Holdings L.P. now owns 31,525,500 shares of the financial services provider’s stock worth $1,641,218,000 after acquiring an additional 5,300,000 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Citigroup by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 30,039,886 shares of the financial services provider’s stock worth $1,561,201,000 after acquiring an additional 1,187,619 shares during the period. 73.99% of the stock is owned by institutional investors.

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About Citigroup (NYSE:C)

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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