Citigroup Inc. (NYSE:C) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 33,626,936 shares, an increase of 16.2% from the October 31st total of 28,936,428 shares. Based on an average trading volume of 30,316,455 shares, the short-interest ratio is currently 1.1 days. Approximately 1.2% of the company’s stock are sold short.

Several research analysts have weighed in on the company. Jefferies Group lowered Citigroup from a “buy” rating to a “hold” rating and upped their target price for the stock from $58.00 to $63.00 in a research report on Monday. Deutsche Bank AG upped their target price on Citigroup from $49.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday. Vetr raised Citigroup from a “sell” rating to a “hold” rating and set a $56.21 target price on the stock in a research report on Wednesday. Morgan Stanley raised Citigroup from an “equal weight” rating to an “overweight” rating and set a $70.00 target price on the stock in a research report on Wednesday. Finally, Macquarie lowered Citigroup from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $55.45 to $57.00 in a research report on Friday, November 18th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $56.72.

Shares of Citigroup (NYSE:C) opened at 56.39 on Thursday. The company has a market cap of $160.70 billion, a P/E ratio of 12.26 and a beta of 1.74. The stock’s 50 day moving average price is $51.70 and its 200-day moving average price is $46.86. Citigroup has a 52-week low of $34.52 and a 52-week high of $56.83.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.08. Citigroup had a return on equity of 7.04% and a net margin of 17.58%. The firm had revenue of $17.80 billion for the quarter, compared to analyst estimates of $17.32 billion. During the same quarter last year, the company earned $1.31 EPS. The company’s revenue was down 4.8% on a year-over-year basis. Equities analysts expect that Citigroup will post $4.70 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Monday, November 7th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 1.13%. Citigroup’s dividend payout ratio (DPR) is presently 13.91%.

A number of institutional investors have recently bought and sold shares of the company. RWC Asset Management LLP raised its position in Citigroup by 59.0% in the third quarter. RWC Asset Management LLP now owns 86,057 shares of the financial services provider’s stock worth $4,064,000 after buying an additional 31,947 shares during the period. Auxier Asset Management raised its position in Citigroup by 0.8% in the third quarter. Auxier Asset Management now owns 77,820 shares of the financial services provider’s stock worth $3,675,000 after buying an additional 650 shares during the period. Edmond DE Rothschild Monaco bought a new position in Citigroup during the third quarter worth approximately $221,000. D.A. Davidson & CO. raised its position in Citigroup by 83.9% in the third quarter. D.A. Davidson & CO. now owns 48,131 shares of the financial services provider’s stock worth $2,270,000 after buying an additional 21,956 shares during the period. Finally, Whalerock Point Partners LLC bought a new position in Citigroup during the third quarter worth approximately $708,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s 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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