Citigroup Inc. (NYSE:C – Get Free Report) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 33,070,000 shares, an increase of 32.1% from the October 31st total of 25,040,000 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average trading volume of 17,370,000 shares, the short-interest ratio is presently 1.9 days.
Insider Activity at Citigroup
In other news, insider Andrew John Morton sold 28,096 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $40.66, for a total value of $1,142,383.36. Following the transaction, the insider now owns 410,060 shares of the company’s stock, valued at approximately $16,673,039.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in C. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Citigroup by 86,191.4% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 545,751,112 shares of the company’s stock worth $25,126,381,000 after purchasing an additional 545,118,661 shares during the last quarter. Snider Financial Group raised its holdings in Citigroup by 96,645.9% during the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after purchasing an additional 84,407,589 shares during the last quarter. Norges Bank bought a new position in Citigroup during the 4th quarter worth approximately $631,922,000. FMR LLC grew its position in shares of Citigroup by 161.9% during the 1st quarter. FMR LLC now owns 18,451,528 shares of the company’s stock worth $865,192,000 after buying an additional 11,407,293 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its position in shares of Citigroup by 87,332.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,511,342 shares of the company’s stock worth $339,738,000 after buying an additional 7,502,751 shares during the period. Institutional investors own 69.26% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on C. Royal Bank of Canada decreased their price objective on shares of Citigroup from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, September 20th. The Goldman Sachs Group boosted their price objective on shares of Citigroup from $41.00 to $47.00 and gave the company a “neutral” rating in a report on Friday. TheStreet cut shares of Citigroup from a “b-” rating to a “c+” rating in a report on Wednesday, August 30th. StockNews.com began coverage on shares of Citigroup in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, BMO Capital Markets boosted their price objective on shares of Citigroup from $61.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $51.66.
Check Out Our Latest Analysis on C
Citigroup Stock Performance
Shares of C traded up $1.13 during trading hours on Friday, hitting $47.23. The company had a trading volume of 20,053,403 shares, compared to its average volume of 14,935,538. The business has a fifty day moving average of $41.91 and a 200-day moving average of $43.92. Citigroup has a 12 month low of $38.17 and a 12 month high of $53.23. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.45. The firm has a market cap of $90.39 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 2.53 and a beta of 1.58.
Citigroup (NYSE:C – Get Free Report) last posted its quarterly earnings results on Friday, October 13th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.29. Citigroup had a net margin of 9.22% and a return on equity of 6.76%. The company had revenue of $20.14 billion for the quarter, compared to the consensus estimate of $19.27 billion. During the same period last year, the company posted $1.50 EPS. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities analysts anticipate that Citigroup will post 5.86 EPS for the current fiscal year.
Citigroup Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were issued a $0.53 dividend. The ex-dividend date was Friday, November 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 4.49%. Citigroup’s dividend payout ratio (DPR) is presently 33.60%.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises.
Further Reading
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