Investors sold shares of Citigroup Inc. (NYSE:C) on strength during trading hours on Friday. $369.84 million flowed into the stock on the tick-up and $1,137.21 million flowed out of the stock on the tick-down, for a money net flow of $767.37 million out of the stock. Of all equities tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.85 for the day and closed at $74.77
A number of equities research analysts have recently commented on C shares. Atlantic Securities reiterated an “overweight” rating and set a $85.00 target price (up from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Bank of America restated a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. Raymond James Financial initiated coverage on Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating on the stock. Vetr cut Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price target on the stock. in a research report on Wednesday, November 29th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $65.00 price target on shares of Citigroup in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $76.54.
The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The firm has a market cap of $197,692.02, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.47 and a beta of 1.55.
Citigroup (NYSE:C) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. equities analysts predict that Citigroup Inc. will post 5.3 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.71%. Citigroup’s payout ratio is currently 24.66%.
Hedge funds have recently made changes to their positions in the business. Catamount Wealth Management purchased a new stake in shares of Citigroup during the second quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Citigroup by 206.0% during the second 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 during the last quarter. Balentine LLC boosted its position in shares of Citigroup by 20.2% during the second 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 during the last quarter. Acrospire Investment Management LLC boosted its position in shares of Citigroup by 21.4% during the second 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 during the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in shares of Citigroup during the second quarter valued at $123,000. Hedge funds and other institutional investors own 78.59% of the company’s stock.
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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