Investors sold shares of Citigroup Inc (NYSE:C) on strength during trading on Friday. $123.79 million flowed into the stock on the tick-up and $221.93 million flowed out of the stock on the tick-down, for a money net flow of $98.14 million out of the stock. Of all stocks tracked, Citigroup had the 0th highest net out-flow for the day. Citigroup traded up $0.81 for the day and closed at $77.08
A number of equities analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $85.00 price target on shares of Citigroup in a research report on Wednesday, January 17th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Macquarie boosted their price target on shares of Citigroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. set a $80.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Vetr lowered shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price target on the stock. in a research report on Monday, January 29th. Two 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 assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $79.65.
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 company has a market cap of $198,095.61, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.12 and a beta of 1.54.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were issued a $0.32 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.66%. Citigroup’s dividend payout ratio is currently -41.29%.
Hedge funds have recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Citigroup in the 2nd quarter worth approximately $1,034,000. Sawyer & Company Inc purchased a new stake in Citigroup during the 4th quarter worth approximately $117,000. Baldwin Brothers Inc. MA increased its stake in Citigroup by 88.4% during the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after buying an additional 750 shares during the period. 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 buying an additional 272 shares during the period. Finally, Acrospire Investment Management LLC increased its stake in Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 79.62% 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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