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

Investors sold shares of Citigroup Inc (NYSE:C) on strength during trading on Thursday. $142.03 million flowed into the stock on the tick-up and $205.81 million flowed out of the stock on the tick-down, for a money net flow of $63.78 million out of the stock. Of all companies tracked, Citigroup had the 19th highest net out-flow for the day. Citigroup traded up $0.60 for the day and closed at $68.51

C has been the topic of a number of analyst reports. Deutsche Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Wednesday, June 20th. Daiwa Capital Markets cut shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 price target on the stock. in a research note on Thursday, May 17th. HSBC upgraded shares of Citigroup from a “hold” rating to a “buy” rating and boosted their price target for the stock from $82.00 to $85.00 in a research note on Wednesday, April 11th. Vining Sparks upgraded shares of Citigroup to a “buy” rating and set a $80.00 price target on the stock in a research note on Friday, April 6th. Finally, UBS Group upgraded shares of Citigroup from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $78.00 to $80.00 in a research note on Thursday, April 5th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $80.77.

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The firm has a market cap of $175.36 billion, a P/E ratio of 12.85, a PEG ratio of 0.99 and a beta of 1.49. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.61 by $0.07. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.89 billion. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.35 EPS. equities analysts expect that Citigroup Inc will post 6.48 EPS for the current year.

In other Citigroup news, CFO John C. Gerspach sold 12,966 shares of the company’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $72.31, for a total value of $937,571.46. The sale was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Stelac Advisory Services LLC bought a new position in shares of Citigroup during the first quarter valued at approximately $116,000. Bedel Financial Consulting Inc. bought a new position in shares of Citigroup during the first quarter valued at approximately $133,000. Twin Tree Management LP boosted its stake in shares of Citigroup by 100.4% during the first quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 535,686 shares in the last quarter. Clearwater Capital Advisors LLC bought a new position in shares of Citigroup during the first quarter valued at approximately $143,000. Finally, Risk Paradigm Group LLC boosted its stake in shares of Citigroup by 829.2% during the fourth quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 1,733 shares in the last quarter. Institutional investors and hedge funds own 76.54% of the company’s stock.

Citigroup Company Profile

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.