Investors Sell Citigroup Inc. (C) on Strength (C)

Traders sold shares of Citigroup Inc. (NYSE:C) on strength during trading hours on Friday. $107.15 million flowed into the stock on the tick-up and $158.69 million flowed out of the stock on the tick-down, for a money net flow of $51.54 million out of the stock. Of all companies tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.11 for the day and closed at $66.17

Several equities analysts recently issued reports on the company. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods set a $75.00 price objective on Citigroup and gave the stock a “buy” rating in a research note on Sunday, August 13th. HSBC Holdings plc set a $74.00 price objective on Citigroup and gave the stock a “hold” rating in a research note on Friday, August 11th. Wells Fargo & Company assumed coverage on Citigroup in a research note on Wednesday, August 9th. They set an “outperform” rating and a $90.00 price objective on the stock. Finally, Vetr upgraded Citigroup from a “buy” rating to a “strong-buy” rating and set a $76.34 price objective on the stock in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $69.08.

The stock has a 50-day moving average price of $67.63 and a 200-day moving average price of $63.20. The stock has a market cap of $180.28 billion, a PE ratio of 13.25 and a beta of 1.47.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. The business had revenue of $17.90 billion during the quarter, compared to the consensus estimate of $17.38 billion. Citigroup had a return on equity of 7.32% and a net margin of 18.11%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 earnings per share. On average, equities research analysts anticipate that Citigroup Inc. will post $5.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 7th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.93%. This is a boost from Citigroup’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, August 3rd. Citigroup’s payout ratio is presently 25.55%.

Citigroup declared that its board has initiated a share repurchase plan on Wednesday, June 28th that allows the company to repurchase $15.60 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 8.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

In related news, insider Jeffrey R. Walsh sold 5,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $68.97, for a total transaction of $344,850.00. Following the completion of the transaction, the insider now directly owns 56,394 shares of the company’s stock, valued at $3,889,494.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francisco Aristeguieta sold 40,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $67.55, for a total value of $2,702,000.00. Following the transaction, the chief executive officer now directly owns 77,570 shares of the company’s stock, valued at $5,239,853.50. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Vantage Financial Partners Ltd. Inc. bought a new stake in Citigroup in the second quarter valued at approximately $1,034,000. Catamount Wealth Management bought a new position in shares of Citigroup during the second quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares during the period. Dubuque Bank & Trust Co. increased its stake in shares of Citigroup by 60.8% during the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 599 shares during the period. Finally, Balentine LLC increased its stake in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares during the period. Hedge funds and other institutional investors own 75.40% of the company’s stock.

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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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