Citigroup Sees Unusually Large Options Volume (NYSE:C)

Citigroup Inc. (NYSE:CGet Rating) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 182,067 put options on the company. This is an increase of 66% compared to the average daily volume of 109,556 put options.

Insiders Place Their Bets

In other Citigroup news, insider Citigroup Inc sold 4,614,358 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $36.25, for a total value of $167,270,477.50. Following the completion of the sale, the insider now directly owns 15,318 shares of the company’s stock, valued at approximately $555,277.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Citigroup

Several institutional investors and hedge funds have recently made changes to their positions in C. Nvwm LLC grew its holdings in Citigroup by 196.3% in the 1st quarter. Nvwm LLC now owns 554 shares of the company’s stock worth $30,000 after acquiring an additional 367 shares during the last quarter. Rational Advisors LLC grew its holdings in Citigroup by 71.1% in the 1st quarter. Rational Advisors LLC now owns 592 shares of the company’s stock worth $32,000 after acquiring an additional 246 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in Citigroup in the 3rd quarter worth $25,000. Corsicana & Co. grew its holdings in Citigroup by 314.5% in the 2nd quarter. Corsicana & Co. now owns 659 shares of the company’s stock worth $30,000 after acquiring an additional 500 shares during the last quarter. Finally, DB Wealth Management Group LLC grew its holdings in Citigroup by 812.3% in the 1st quarter. DB Wealth Management Group LLC now owns 666 shares of the company’s stock worth $36,000 after acquiring an additional 593 shares during the last quarter. Institutional investors own 71.46% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Citigroup from $49.00 to $49.50 in a research report on Wednesday, November 2nd. Barclays reduced their target price on shares of Citigroup from $64.00 to $57.00 and set an “equal weight” rating for the company in a research report on Monday, October 17th. StockNews.com assumed coverage on shares of Citigroup in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Credit Suisse Group set a $54.00 price target on shares of Citigroup in a research note on Monday, October 10th. Finally, BMO Capital Markets dropped their price target on shares of Citigroup from $76.00 to $71.00 and set an “outperform” rating on the stock in a research note on Monday, October 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $58.60.

Citigroup Stock Performance

Citigroup stock opened at $49.33 on Wednesday. The firm’s fifty day moving average price is $45.28 and its 200-day moving average price is $48.32. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $95.54 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 0.71 and a beta of 1.58. Citigroup has a fifty-two week low of $40.01 and a fifty-two week high of $69.11.

Citigroup (NYSE:CGet Rating) last posted its quarterly earnings data on Friday, October 14th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.17. The firm had revenue of $18.51 billion for the quarter, compared to analysts’ expectations of $18.28 billion. Citigroup had a net margin of 17.31% and a return on equity of 9.14%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $2.49 EPS. On average, equities research analysts expect that Citigroup will post 7.09 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Monday, November 7th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Friday, November 4th. Citigroup’s dividend payout ratio is currently 27.95%.

Citigroup Company Profile

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Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Further Reading

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