Citigroup Inc. (NYSE:C) Short Interest Update

Citigroup Inc. (NYSE:C) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 33,550,000 shares, an increase of 10.0% from the October 31st total of 30,500,000 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily volume of 13,500,000 shares, the short-interest ratio is presently 2.5 days.

Citigroup Price Performance

NYSE:C traded up $0.11 during trading hours on Wednesday, hitting $71.53. 7,267,515 shares of the company’s stock traded hands, compared to its average volume of 14,361,490. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The business’s fifty day simple moving average is $65.67 and its two-hundred day simple moving average is $63.19. Citigroup has a 52 week low of $46.40 and a 52 week high of $72.80. The firm has a market cap of $135.28 billion, a P/E ratio of 20.62, a P/E/G ratio of 0.80 and a beta of 1.45.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. On average, research analysts anticipate that Citigroup will post 5.85 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.13%. Citigroup’s payout ratio is 64.93%.

Wall Street Analyst Weigh In

C has been the subject of several recent research reports. Piper Sandler increased their price target on Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday. Wells Fargo & Company upped their target price on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Barclays increased their price target on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Morgan Stanley cut their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Bank of America increased their price objective on Citigroup from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $75.00.

Institutional Trading of Citigroup

Large investors have recently bought and sold shares of the company. POM Investment Strategies LLC bought a new stake in shares of Citigroup in the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Citigroup in the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup in the 2nd quarter worth approximately $31,000. Legacy Investment Solutions LLC bought a new stake in shares of Citigroup in the 3rd quarter worth approximately $31,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Citigroup in the 2nd quarter worth approximately $32,000. 71.72% of the stock is owned by institutional investors.

About Citigroup

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.