Citigroup Target of Unusually High Options Trading (C)
Citigroup Inc (NYSE:C) was the target of some unusual options trading activity on Wednesday. Traders bought 5,990 put options on the stock. This is an increase of 188% compared to the average volume of 2,081 put options.
Several research firms recently commented on C. Jefferies Group LLC reaffirmed a “hold” rating and issued a $68.00 price objective on shares of Citigroup in a research report on Monday, May 15th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $78.00 price objective (up from $77.00) on shares of Citigroup in a research report on Thursday, May 4th. Vetr cut shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $66.44 price objective on the stock. in a research report on Tuesday, May 2nd. Nomura reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Citigroup in a research report on Monday, April 17th. Finally, Zacks Investment Research cut shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Monday, April 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the stock. Citigroup presently has an average rating of “Buy” and a consensus price target of $64.34.
A number of institutional investors have recently modified their holdings of C. Patten Group Inc. raised its stake in shares of Citigroup by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock valued at $105,000 after buying an additional 110 shares during the last quarter. FNY Partners Fund LP bought a new stake in shares of Citigroup during the fourth quarter valued at about $106,000. Arrow Financial Corp raised its stake in shares of Citigroup by 4.7% in the first quarter. Arrow Financial Corp now owns 1,896 shares of the financial services provider’s stock valued at $113,000 after buying an additional 85 shares during the last quarter. Advantage Investment Management LLC raised its stake in shares of Citigroup by 109.3% in the first quarter. Advantage Investment Management LLC now owns 1,965 shares of the financial services provider’s stock valued at $118,000 after buying an additional 1,026 shares during the last quarter. Finally, Pinnacle Bank bought a new stake in shares of Citigroup during the first quarter valued at about $123,000. 73.82% of the stock is owned by institutional investors.
Citigroup (NYSE C) traded down 2.0678% on Wednesday, hitting $60.3654. 13,085,796 shares of the stock traded hands. The firm has a market capitalization of $166.20 billion, a PE ratio of 12.1655 and a beta of 1.68. The stock has a 50 day moving average of $60.11 and a 200 day moving average of $59.15. Citigroup has a 52 week low of $38.31 and a 52 week high of $62.69.
Citigroup (NYSE:C) last issued its quarterly earnings data on Thursday, April 13th. The financial services provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.24 by $0.11. The company had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.75 billion. Citigroup had a net margin of 18.10% and a return on equity of 7.09%. Citigroup’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 earnings per share. Equities research analysts anticipate that Citigroup will post $5.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Monday, May 1st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, April 27th. This represents a $0.64 annualized dividend and a yield of 1.04%. Citigroup’s dividend payout ratio is currently 13.56%.
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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