Citigroup Target of Unusually Large Options Trading (C)
Shares of Citigroup (NYSE:C) were the target of some unusual options trading on Friday. Stock investors purchased 48,226 call options on the stock, American Banking and Market News reports. This represents an increase of 110% compared to the average volume of 22,925 call options.
C has been the subject of a number of recent research reports. Analysts at S&P Equity Research reiterated a “hold” rating on shares of Citigroup in a research note on Tuesday, July 15th. Separately, analysts at Oppenheimer raised their price target on shares of Citigroup from $67.00 to $68.00 in a research note on Tuesday, July 15th. They now have an “outperform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Citigroup in a research note on Tuesday, July 8th. They set a “market perform” rating and a $52.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Citigroup has an average rating of “Buy” and a consensus price target of $58.71.
Shares of Citigroup (NYSE:C) traded down 0.83% on Friday, hitting $48.72. The stock had a trading volume of 16,215,279 shares. Citigroup has a 1-year low of $45.18 and a 1-year high of $55.28. The stock’s 50-day moving average is $48.54 and its 200-day moving average is $48.16. The company has a market cap of $147.7 billion and a price-to-earnings ratio of 16.16.
Citigroup (NYSE:C) last released its earnings data on Monday, July 14th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.14. The company had revenue of $19.38 billion for the quarter, compared to the consensus estimate of $18.94 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. Analysts expect that Citigroup will post $3.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Investors of record on Monday, August 4th 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, July 31st.
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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