Traders Buy Shares of Citigroup (C) on Weakness

Traders bought shares of Citigroup Inc (NYSE:C) on weakness during trading on Friday. $281.31 million flowed into the stock on the tick-up and $164.30 million flowed out of the stock on the tick-down, for a money net flow of $117.01 million into the stock. Of all companies tracked, Citigroup had the 2nd highest net in-flow for the day. Citigroup traded down ($0.10) for the day and closed at $75.41

A number of analysts have recently weighed in on C shares. Bank of America reissued a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Keefe, Bruyette & Woods raised their price target on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Atlantic Securities reaffirmed an “overweight” rating and issued a $85.00 price target (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Finally, BMO Capital Markets raised their price target on Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $78.02.

The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $199,384.20, a PE ratio of 14.53, a P/E/G ratio of 1.30 and a beta of 1.56.

Citigroup (NYSE:C) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 earnings per share. equities analysts predict that Citigroup Inc will post 5.25 EPS for the current year.

A number of institutional investors have recently made changes to their positions in C. Abner Herrman & Brock LLC increased its holdings in shares of Citigroup by 3.6% during the fourth quarter. Abner Herrman & Brock LLC now owns 225,628 shares of the financial services provider’s stock valued at $16,789,000 after acquiring an additional 7,823 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Citigroup by 17.0% during the third quarter. Prudential Financial Inc. now owns 7,514,341 shares of the financial services provider’s stock valued at $546,594,000 after acquiring an additional 1,092,980 shares in the last quarter. Atlantic Trust Group LLC increased its holdings in shares of Citigroup by 22.0% during the third quarter. Atlantic Trust Group LLC now owns 2,869,902 shares of the financial services provider’s stock valued at $208,757,000 after acquiring an additional 517,651 shares in the last quarter. AustralianSuper Pty Ltd increased its holdings in shares of Citigroup by 63.4% during the third quarter. AustralianSuper Pty Ltd now owns 1,679,400 shares of the financial services provider’s stock valued at $122,160,000 after acquiring an additional 651,400 shares in the last quarter. Finally, AXA increased its holdings in shares of Citigroup by 28.1% during the third quarter. AXA now owns 1,012,216 shares of the financial services provider’s stock valued at $73,629,000 after acquiring an additional 222,340 shares in the last quarter. 78.54% of the stock is owned by institutional investors and hedge funds.

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About Citigroup

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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