Traders sold shares of Citigroup Inc (NYSE:C) on strength during trading hours on Monday. $164.08 million flowed into the stock on the tick-up and $422.13 million flowed out of the stock on the tick-down, for a money net flow of $258.05 million out of the stock. Of all stocks tracked, Citigroup had the 5th highest net out-flow for the day. Citigroup traded up $0.57 for the day and closed at $77.65
A number of research firms have issued reports on C. Royal Bank of Canada restated an “outperform” rating and set a $85.00 price target on shares of Citigroup in a report on Wednesday, January 17th. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Macquarie increased their price target on Citigroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. JPMorgan Chase & Co. set a $80.00 price target on Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price target on the stock. in a report on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Citigroup has an average rating of “Buy” and an average price target of $79.65.
The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $205,310.00, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.12 and a beta of 1.54.
The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s payout ratio is 23.06%.
Several large investors have recently modified their holdings of the company. Bank of Hawaii raised its position in Citigroup by 52.2% in the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after buying an additional 2,242 shares during the last quarter. Norinchukin Bank The raised its position in Citigroup by 41.0% in the 2nd quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock valued at $9,181,000 after buying an additional 39,898 shares during the last quarter. Advisors Capital Management LLC grew its stake in Citigroup by 2.8% in the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock valued at $13,560,000 after purchasing an additional 5,125 shares during the period. Principal Financial Group Inc. grew its stake in Citigroup by 17.3% in the 3rd quarter. Principal Financial Group Inc. now owns 4,869,619 shares of the financial services provider’s stock valued at $354,216,000 after purchasing an additional 717,320 shares during the period. Finally, Gs Investments Inc. bought a new position in Citigroup in the 2nd quarter valued at $301,000. 79.62% of the stock is currently owned by institutional investors.
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Citigroup Company Profile
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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