November 24, 2016 - By Adrian Mccoy · 0 Comments
Citigroup Inc (NYSE:C) institutional sentiment increased to 0.83 in Q2 2016. Its up 0.09, from 0.74 in 2016Q1. The ratio is more positive, as 403 institutional investors started new and increased positions, while 542 decreased and sold positions in Citigroup Inc. The institutional investors in our partner’s database now have: 2.00 billion shares, down from 2.05 billion shares in 2016Q1. Also, the number of institutional investors holding Citigroup Inc in their top 10 positions decreased from 96 to 94 for a decrease of 2. Sold All: 93 Reduced: 449 Increased: 341 New Position: 62.
Citigroup Inc. is a financial services holding company. The company has a market cap of $163.25 billion. The Company’s businesses provide consumers, firms, governments and institutions with a range of financial services and products, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. It has a 12.22 P/E ratio. It operates through two divisions: Citicorp and Citi Holdings.
The stock increased 1.05% or $0.59 on November 23, hitting $56.69. Citigroup Inc (NYSE:C) has risen 20.69% since April 22, 2016 and is uptrending. It has outperformed by 15.28% the S&P500.
Analysts await Citigroup Inc (NYSE:C) to report earnings on January, 18 before the open. They expect $1.09 earnings per share, up 2.83% or $0.03 from last year’s $1.06 per share. C’s profit will be $3.14B for 13.00 P/E if the $1.09 EPS becomes a reality. After $1.25 actual earnings per share reported by Citigroup Inc for the previous quarter, Wall Street now forecasts -12.80% negative EPS growth.
According to Zacks Investment Research, “Citigroup Inc. is a global financial services company. It provides 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. The Company also offers various wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, and equity and fixed income research services. Citigroup Inc. is based in New York.”
Toscafund Asset Management Llp holds 19.53% of its portfolio in Citigroup Inc for 850,000 shares. Oldfield Partners Llp owns 5.45 million shares or 18.56% of their US portfolio. Moreover, Western Asset Management Co has 16.12% invested in the company for 833,288 shares. The Missouri-based Terril Brothers Inc. has invested 9.81% in the stock. Kiltearn Partners Llp, a United Kingdom-based fund reported 4.81 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 sale for $360,211 net activity.
Ratings analysis reveals 57% of Citigroup Inc.’s analysts are positive. Out of 28 Wall Street analysts rating Citigroup Inc., 16 give it “Buy”, 2 “Sell” rating, while 10 recommend “Hold”. The lowest target is $4.0 while the high is $74. The stock’s average target of $54.02 is -4.71% below today’s ($56.69) share price. C was included in 58 notes of analysts from July 21, 2015. The company was upgraded on Monday, November 14 by Morgan Stanley. The firm earned “Neutral” rating on Friday, September 16 by Goldman Sachs. The stock has “Sell” rating given by Societe Generale on Tuesday, September 13. As per Monday, April 18, the company rating was downgraded by Wood. Vetr downgraded the shares of C in a report on Thursday, August 6 to “Hold” rating. Barclays Capital maintained it with “Overweight” rating and $60 target price in Monday, March 14 report. The company was maintained on Tuesday, January 26 by Deutsche Bank. The rating was maintained by RBC Capital Markets on Tuesday, January 19 with “Outperform”. Iberia Capital Partners downgraded Citigroup Inc (NYSE:C) on Monday, September 21 to “Underperform” rating. Evercore maintained the shares of C in a report on Monday, September 21 with “Buy” rating.
Citigroup Inc. (Citi), incorporated on March 8, 1988, is a financial services holding company. The Company’s businesses provide consumers, firms, governments and institutions with a range of financial services and products, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. The Firm operates through two divisions: Citicorp and Citi Holdings.
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By Adrian Mccoy