Investors Sell Citigroup (C) on Strength (C)

Traders sold shares of Citigroup Inc (NYSE:C) on strength during trading on Monday. $94.38 million flowed into the stock on the tick-up and $133.82 million flowed out of the stock on the tick-down, for a money net flow of $39.44 million out of the stock. Of all equities tracked, Citigroup had the 24th highest net out-flow for the day. Citigroup traded up $0.86 for the day and closed at $70.53

Several research analysts have weighed in on the company. ValuEngine lowered Citigroup from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Royal Bank of Canada reaffirmed a “buy” rating and set a $85.00 price target on shares of Citigroup in a research report on Monday, July 16th. Morgan Stanley lowered their price target on Citigroup from $88.00 to $84.00 and set an “overweight” rating on the stock in a research report on Monday, July 16th. Deutsche Bank raised Citigroup from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Wednesday, June 20th. Finally, Goldman Sachs Group set a $78.00 price target on Citigroup and gave the stock a “neutral” rating in a research report on Friday, July 20th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $81.65.

The company has a debt-to-equity ratio of 1.30, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $180.57 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 0.96 and a beta of 1.49.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 24th. Investors of record on Monday, August 6th will be paid a $0.45 dividend. The ex-dividend date is Friday, August 3rd. This is an increase from Citigroup’s previous quarterly dividend of $0.32. This represents a $1.80 annualized dividend and a yield of 2.55%. Citigroup’s payout ratio is 33.77%.

In related news, insider Raja Akram sold 500 shares of the business’s stock in a transaction on Thursday, July 19th. The stock was sold at an average price of $69.21, for a total value of $34,605.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Francisco Aristeguieta sold 15,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total value of $1,085,400.00. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV lifted its position in shares of Citigroup by 9.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 65,072 shares of the financial services provider’s stock worth $4,355,000 after buying an additional 5,669 shares during the last quarter. Atlantic Trust LLC bought a new stake in shares of Citigroup during the 2nd quarter worth $476,000. WINTON GROUP Ltd lifted its position in shares of Citigroup by 478.4% during the 2nd quarter. WINTON GROUP Ltd now owns 99,839 shares of the financial services provider’s stock worth $6,681,000 after buying an additional 82,577 shares during the last quarter. Laurel Wealth Advisors Inc. lifted its position in shares of Citigroup by 5.6% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 18,232 shares of the financial services provider’s stock worth $1,219,000 after buying an additional 975 shares during the last quarter. Finally, Andra AP fonden lifted its position in shares of Citigroup by 19.0% during the 2nd quarter. Andra AP fonden now owns 64,500 shares of the financial services provider’s stock worth $4,316,000 after buying an additional 10,300 shares during the last quarter. Institutional investors and hedge funds own 76.07% of the company’s stock.

Citigroup Company Profile (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.

Featured Story: Technical Analysis of Stocks, How Can It Help

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.

Leave a Reply