Citigroup Inc (NYSE:C) was the target of a large decrease in short interest in December. As of December 29th, there was short interest totalling 27,646,259 shares, a decrease of 16.8% from the December 15th total of 33,216,191 shares. Based on an average trading volume of 13,155,824 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.0% of the company’s shares are short sold.

Several brokerages recently commented on C. Jefferies Group restated a “hold” rating and issued a $83.00 price target on shares of Citigroup in a research report on Tuesday. Keefe, Bruyette & Woods lowered shares of Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Credit Suisse Group reiterated a “buy” rating and issued a $86.00 price objective on shares of Citigroup in a research note on Thursday, January 4th. Barclays upped their price objective on shares of Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $78.02.

Institutional investors and hedge funds have recently made changes to their positions in the company. Catamount Wealth Management acquired a new position in shares of Citigroup during the 2nd quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares during the last quarter. Balentine LLC increased its stake in shares of Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new position in shares of Citigroup during the 4th quarter worth $117,000. Institutional investors own 78.53% of the company’s stock.

Citigroup (C) opened at $77.11 on Wednesday. Citigroup has a 12 month low of $55.23 and a 12 month high of $78.44. The company has a market cap of $203,880.00, a price-to-earnings ratio of 14.86, a PEG ratio of 1.23 and a beta of 1.56. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the prior year, the business posted $1.14 EPS. Citigroup’s quarterly revenue was up 1.4% on a year-over-year basis. research analysts forecast that Citigroup will post 5.25 earnings per share for the current year.

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About Citigroup

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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