Citigroup Inc (NYSE:C) Short Interest Up 6.1% in June

Citigroup Inc (NYSE:C) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 19,566,300 shares, a growth of 6.1% from the May 15th total of 18,433,400 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 13,160,000 shares, the short-interest ratio is currently 1.5 days.

NYSE C opened at $71.77 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36. The firm has a fifty day moving average of $67.50. Citigroup has a twelve month low of $48.42 and a twelve month high of $75.24. The firm has a market capitalization of $165.97 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 0.79 and a beta of 1.74.

Citigroup (NYSE:C) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.09. The firm had revenue of $18.58 billion during the quarter, compared to the consensus estimate of $18.56 billion. Citigroup had a return on equity of 10.05% and a net margin of 18.32%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business posted $1.68 EPS. Sell-side analysts anticipate that Citigroup will post 7.5 earnings per share for the current year.

In related news, CEO Stephen Bird sold 30,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $69.33, for a total transaction of $2,079,900.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.09% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in C. Icon Wealth Partners LLC raised its holdings in shares of Citigroup by 3.2% in the 1st quarter. Icon Wealth Partners LLC now owns 5,138 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 157 shares during the period. Avestar Capital LLC lifted its stake in Citigroup by 35.0% in the first quarter. Avestar Capital LLC now owns 610 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 158 shares during the last quarter. Belpointe Asset Management LLC lifted its stake in Citigroup by 1.9% in the first quarter. Belpointe Asset Management LLC now owns 8,483 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 161 shares during the last quarter. Condor Capital Management lifted its stake in Citigroup by 0.5% in the fourth quarter. Condor Capital Management now owns 31,706 shares of the financial services provider’s stock worth $1,651,000 after purchasing an additional 164 shares during the last quarter. Finally, RB Capital Management LLC lifted its stake in Citigroup by 3.4% in the first quarter. RB Capital Management LLC now owns 5,386 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 176 shares during the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently commented on the company. Morgan Stanley downgraded GasLog Partners LP Unit from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $23.00 to $18.00 in a research report on Tuesday, April 16th. Goldman Sachs Group raised UCB S A/ADR from a “neutral” rating to a “buy” rating in a research report on Thursday, May 30th. Berenberg Bank downgraded to a “hold” rating and reduced their price target for the stock from GBX 283 ($3.70) to GBX 103 ($1.35) in a research report on Monday, June 17th. Zacks Investment Research downgraded Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th. Finally, BMO Capital Markets increased their price target on Citigroup from $92.00 to $93.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $79.18.

About Citigroup

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

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