Short Interest in Citigroup Inc. (C) Increases By 16.2%
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.
TRADEMARK VIOLATION NOTICE: “Short Interest in Citigroup Inc. (C) Increases By 16.2%” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2016/12/01/short-interest-in-citigroup-inc-c-increases-by-16-2.html.
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.
Receive News & Stock Ratings for Citigroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup Inc. and related stocks with our FREE daily email newsletter.