Citigroup Short Interest Down 19.4% in April (C)
Citigroup (NYSE:C) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 32,272,854 shares, a decline of 19.4% from the April 15th total of 40,023,837 shares, AnalystRatingsNetwork.com reports. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,778,025 shares, the days-to-cover ratio is presently 1.7 days.
In other Citigroup news, Director William S. Thompson acquired 40,228 shares of the company’s stock in a transaction dated Tuesday, May 20th. The stock was purchased at an average price of $37.32 per share, with a total value of $1,501,308.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on C. Analysts at HSBC initiated coverage on shares of Citigroup in a research note on Wednesday. They set a “buy” rating and a $56.00 price target on the stock. Separately, analysts at MKM Partners initiated coverage on shares of Citigroup in a research note on Wednesday. They set a “buy” rating and a $56.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Citigroup in a research note on Thursday, April 24th. They now have a $51.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given 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 a consensus price target of $58.68.
Shares of Citigroup (NYSE:C) opened at 47.14 on Friday. Citigroup has a 1-year low of $45.06 and a 1-year high of $55.28. The stock has a 50-day moving average of $47.31 and a 200-day moving average of $49.56. The company has a market cap of $143.2 billion and a P/E ratio of 10.78.
Citigroup (NYSE:C) last released its earnings data on Monday, April 14th. The company reported $1.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.16 by $0.14. The company had revenue of $20.10 billion for the quarter, compared to the consensus estimate of $19.38 billion. During the same quarter last year, the company posted $1.29 earnings per share. Analysts expect that Citigroup will post $4.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 23rd. Shareholders of record on Monday, May 5th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend is Thursday, May 1st.
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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