Investors Purchase Large Volume of Citigroup Call Options (C)
Shares of Citigroup (NYSE:C) was the target of some unusual options trading activity on Wednesday. Investors bought 85,031 call options on the stock, AnalystRatings.Net reports. This represents an increase of 104% compared to the average daily volume of 41,719 call options.
C has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Citigroup in a research note to investors on Thursday, January 9th. Separately, analysts at Nomura initiated coverage on shares of Citigroup in a research note to investors on Thursday, January 9th. They set a “buy” rating and a $70.00 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Citigroup in a research note to investors on Wednesday, January 8th. They set a “hold” rating and a $60.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $59.66.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 28th. Investors of record on Monday, February 3rd will be paid a dividend of 0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.07%.
Citigroup Inc (NYSE:C) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.
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