Investors Sell Shares of Citigroup (C) on Strength (C)
Investors sold shares of Citigroup Inc (NYSE:C) on strength during trading hours on Monday. $139.74 million flowed into the stock on the tick-up and $215.27 million flowed out of the stock on the tick-down, for a money net flow of $75.53 million out of the stock. Of all equities tracked, Citigroup had the 16th highest net out-flow for the day. Citigroup traded up $0.29 for the day and closed at $78.59
C has been the subject of a number of analyst reports. Atlantic Securities reissued an “overweight” rating and issued a $85.00 price objective (up from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Deutsche Bank reissued a “hold” rating and issued a $67.00 price objective (up from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. Raymond James Financial reissued an “underperform” rating on shares of Citigroup in a research note on Wednesday, September 27th. Royal Bank of Canada reissued a “buy” rating and issued a $75.00 price objective on shares of Citigroup in a research note on Wednesday, September 27th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $79.30.
The company has a market cap of $207,790.00, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 1.49 and a beta of 1.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.63%. Citigroup’s payout ratio is 23.06%.
A number of hedge funds have recently added to or reduced their stakes in C. Janus Henderson Group PLC lifted its position in Citigroup by 227.4% during the third quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock valued at $700,395,000 after purchasing an additional 6,688,305 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Citigroup by 109.5% in the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after acquiring an additional 4,856,866 shares during the last quarter. PointState Capital LP bought a new stake in shares of Citigroup in the 2nd quarter worth about $321,322,000. Pioneer Investment Management Inc. lifted its holdings in shares of Citigroup by 2,317.8% in the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock worth $334,536,000 after acquiring an additional 4,795,145 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Citigroup by 42.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after acquiring an additional 4,413,329 shares during the last quarter. Institutional investors and hedge funds own 78.61% of the company’s stock.
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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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