Short Interest in Citigroup Inc. (NYSE:C) Decreases By 8.7%

Citigroup Inc. (NYSE:C) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 35,740,000 shares, a drop of 8.7% from the September 15th total of 39,160,000 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average trading volume of 13,210,000 shares, the short-interest ratio is presently 2.7 days.

Wall Street Analyst Weigh In

C has been the topic of several recent analyst reports. Evercore ISI lifted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday. BMO Capital Markets lifted their price objective on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Morgan Stanley decreased their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday. Bank of America upped their price target on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays upped their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.06.

Hedge Funds Weigh In On Citigroup

Institutional investors have recently bought and sold shares of the company. POM Investment Strategies LLC acquired a new position in shares of Citigroup during the second quarter worth about $25,000. Beacon Capital Management LLC grew its position in shares of Citigroup by 85.5% during the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after buying an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Citigroup during the second quarter worth about $31,000. Triad Wealth Partners LLC acquired a new position in shares of Citigroup during the second quarter worth about $32,000. Finally, Capital Advisors Ltd. LLC grew its position in shares of Citigroup by 93.2% during the second quarter. Capital Advisors Ltd. LLC now owns 572 shares of the company’s stock worth $36,000 after buying an additional 276 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Down 0.5 %

Shares of NYSE C traded down $0.29 during trading on Thursday, hitting $63.96. 13,419,751 shares of the company were exchanged, compared to its average volume of 14,454,355. Citigroup has a 12-month low of $38.17 and a 12-month high of $67.81. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. The company has a fifty day moving average price of $61.25 and a 200-day moving average price of $61.93. The firm has a market capitalization of $122.00 billion, a PE ratio of 17.92, a P/E/G ratio of 0.74 and a beta of 1.44.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. As a group, equities research analysts expect that Citigroup will post 5.76 EPS for the current year.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.