Citigroup (NYSE:C) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 22,038,468 shares, a decline of 13.2% from the February 15th total of 25,380,035 shares. Based on an average daily volume of 15,587,583 shares, the short-interest ratio is presently 1.4 days. Currently, 0.7% of the shares of the company are short sold.
Shares of Citigroup (C) opened at $73.47 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $193,810.00, a PE ratio of 13.51, a P/E/G ratio of 1.07 and a beta of 1.51. Citigroup has a 52-week low of $56.55 and a 52-week high of $80.70.
Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The company had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 earnings per share. analysts anticipate that Citigroup will post 6.4 EPS for the current fiscal year.
Several research firms recently weighed in on C. Morgan Stanley lifted their target price on Citigroup from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Thursday. ValuEngine downgraded Citigroup from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 1st. Macquarie lifted their target price on Citigroup from $82.00 to $84.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, Vetr downgraded Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 target price on the stock. in a research report on Monday, February 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $79.69.
Large investors have recently bought and sold shares of the stock. Bank of Hawaii lifted its position in shares of Citigroup by 52.2% in the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after buying an additional 2,242 shares in the last quarter. Advisors Capital Management LLC lifted its position in shares of Citigroup by 2.8% in the third quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after buying an additional 5,125 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Citigroup by 17.3% in the third quarter. Principal Financial Group Inc. now owns 4,869,619 shares of the financial services provider’s stock worth $354,216,000 after buying an additional 717,320 shares in the last quarter. Gs Investments Inc. purchased a new stake in shares of Citigroup in the second quarter worth about $301,000. Finally, Foster & Motley Inc. bought a new stake in Citigroup during the third quarter worth approximately $281,000. Institutional investors own 80.21% of the company’s stock.
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Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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