Investors Buy Citigroup (C) on Weakness

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Traders bought shares of Citigroup Inc (NYSE:C) on weakness during trading on Tuesday. $255.97 million flowed into the stock on the tick-up and $170.78 million flowed out of the stock on the tick-down, for a money net flow of $85.19 million into the stock. Of all stocks tracked, Citigroup had the 10th highest net in-flow for the day. Citigroup traded down ($0.82) for the day and closed at $62.93

Several brokerages have recently weighed in on C. Jefferies Financial Group upped their target price on Citigroup to $64.00 and gave the stock a “hold” rating in a research note on Tuesday, January 15th. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Thursday, November 29th. Morgan Stanley reduced their target price on Citigroup from $81.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, January 8th. Standpoint Research downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Finally, TheStreet raised Citigroup from a “c+” rating to a “b” rating in a research note on Friday, January 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $77.33.

The company has a debt-to-equity ratio of 1.30, a current ratio of 0.99 and a quick ratio of 1.00. The company has a market cap of $160.65 billion, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 0.81 and a beta of 1.67.

Citigroup (NYSE:C) last posted its quarterly earnings data on Monday, January 14th. The financial services provider reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.06. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.57 billion. During the same period in the prior year, the company earned $1.28 EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. As a group, research analysts anticipate that Citigroup Inc will post 7.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Monday, February 4th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.93%. The ex-dividend date was Friday, February 1st. Citigroup’s dividend payout ratio is currently 27.07%.

In other Citigroup news, insider Michael Whitaker sold 7,000 shares of the company’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total value of $442,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider W. Bradford Hu sold 5,420 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $64.27, for a total value of $348,343.40. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Victory Capital Management Inc. grew its holdings in shares of Citigroup by 2,117.1% during the 3rd quarter. Victory Capital Management Inc. now owns 861,798 shares of the financial services provider’s stock worth $61,825,000 after purchasing an additional 822,927 shares during the period. Private Advisor Group LLC grew its holdings in shares of Citigroup by 46.1% during the 3rd quarter. Private Advisor Group LLC now owns 69,363 shares of the financial services provider’s stock worth $4,976,000 after purchasing an additional 21,873 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of Citigroup by 11.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 48,110 shares of the financial services provider’s stock worth $3,451,000 after purchasing an additional 4,897 shares during the period. Commerce Bank grew its holdings in shares of Citigroup by 12.7% during the 3rd quarter. Commerce Bank now owns 76,208 shares of the financial services provider’s stock worth $5,468,000 after purchasing an additional 8,616 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Citigroup by 6.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 104,045 shares of the financial services provider’s stock worth $7,464,000 after purchasing an additional 6,119 shares during the period. Institutional investors own 71.25% of the company’s stock.

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Citigroup Company Profile (NYSE:C)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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