Short Interest in Citigroup Inc. (C) Drops By 12.7%
Citigroup Inc. (NYSE:C) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 25,980,856 shares, a decrease of 12.7% from the October 13th total of 29,766,492 shares. Based on an average trading volume of 14,173,344 shares, the short-interest ratio is currently 1.8 days. Approximately 1.0% of the company’s stock are short sold.
Several research firms recently issued reports on C. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $78.50 price target (up from $77.50) on shares of Citigroup in a report on Friday, October 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $65.00 price target on shares of Citigroup in a report on Friday, October 6th. Credit Suisse Group reaffirmed a “buy” rating and issued a $83.00 price target (up from $73.00) on shares of Citigroup in a report on Monday, October 9th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “hold” rating on shares of Citigroup in a report on Monday, October 9th. Finally, BidaskClub raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Citigroup presently has a consensus rating of “Buy” and an average price target of $74.77.
Shares of Citigroup (NYSE C) opened at $71.73 on Thursday. The firm has a market cap of $190,240.00, a PE ratio of 13.87, a P/E/G ratio of 1.41 and a beta of 1.57. Citigroup has a 1-year low of $54.21 and a 1-year high of $76.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 earnings per share. analysts forecast that Citigroup will post 5.31 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, November 3rd. Citigroup’s payout ratio is currently 24.66%.
A number of hedge funds and other institutional investors have recently modified their holdings of C. Catamount Wealth Management acquired a new stake in Citigroup in the 2nd quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,030 shares during the last quarter. Patten Group Inc. lifted its holdings in Citigroup by 6.6% in the 1st quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 110 shares during the last quarter. Dubuque Bank & Trust Co. lifted its holdings in Citigroup by 60.8% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 599 shares during the last quarter. Finally, Balentine LLC lifted its holdings in Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the last quarter. 78.15% of the stock is owned by institutional investors.
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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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