Notable Reporting: What’s in Citigroup Inc After Today’s Significant Increase?

Notable Reporting: What's in Citigroup Inc After Today's Significant Increase?

The stock of Citigroup Inc (NYSE:C) is a huge mover today! About 5.84M shares traded hands. Citigroup Inc (NYSE:C) has risen 12.75% since March 11, 2016 and is uptrending. It has outperformed by 7.29% the S&P500.
The move comes after 5 months positive chart setup for the $142.91 billion company. It was reported on Oct, 14 by Barchart.com. We have $60.29 PT which if reached, will make NYSE:C worth $31.44 billion more.

Citigroup Inc (NYSE:C) Ratings Coverage

Out of 28 analysts covering Citigroup Inc. (NYSE:C), 16 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 57% are positive. Citigroup Inc. has been the topic of 56 analyst reports since July 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Citigroup Inc (NYSE:C) rating on Tuesday, January 19. RBC Capital Markets has “Outperform” rating and $60.0 price target. The firm has “Neutral” rating given on Tuesday, October 6 by Susquehanna. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, October 26. The stock of Citigroup Inc (NYSE:C) earned “Buy” rating by Citigroup on Friday, December 11. Vetr upgraded Citigroup Inc (NYSE:C) rating on Monday, August 24. Vetr has “Hold” rating and $57.36 price target. The firm has “Neutral” rating by Credit Suisse given on Monday, December 21. The stock of Citigroup Inc (NYSE:C) has “Outperform” rating given on Monday, September 28 by Credit Suisse. The company was upgraded on Friday, August 28 by Guggenheim. The rating was downgraded by Wells Fargo to “Market Perform” on Friday, July 8. The stock of Citigroup Inc (NYSE:C) has “Buy” rating given on Monday, November 30 by Guggenheim.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.74 in 2016 Q2. Its down 0.06, from 0.8 in 2016Q1. The ratio fall, as 93 funds sold all Citigroup Inc shares owned while 449 reduced positions. 62 funds bought stakes while 341 increased positions. They now own 2.00 billion shares or 2.42% less from 2.05 billion shares in 2016Q1.
Cullen Frost Bankers, a Texas-based fund reported 414,567 shares. Pnc Fin Grp Inc owns 908,587 shares or 0.05% of their US portfolio. Duff & Phelps Mngmt last reported 38,371 shares in the company. Uss Invest Management Ltd accumulated 1.82% or 2.46 million shares. Marathon Trading Inv Ltd has 0.29% invested in the company for 40,209 shares. Fincl Advisers Limited Liability has 0.08% invested in the company for 189,210 shares. Kanaly Trust reported 2,495 shares or 0.02% of all its holdings. Terril Brothers accumulated 9.81% or 523,342 shares. Trust Department Mb National Bank N A last reported 259 shares in the company. Krasney Fincl Ltd Co accumulated 7,854 shares or 0.08% of the stock. Wellington Shields Mgmt Ltd holds 0.09% of its portfolio in Citigroup Inc (NYSE:C) for 11,934 shares. Tsp Management Group Incorporated Ltd Co reported 7,700 shares or 0.17% of all its holdings. Mitchell Mcleod Pugh & Williams, a Alabama-based fund reported 6,260 shares. Factory Mutual Insur Communications has 1.3% invested in the company for 2.33M shares. Lba Wealth Mngmt Lc, a Florida-based fund reported 71 shares.

Insider Transactions: Since April 20, 2016, the stock had 0 insider buys, and 3 selling transactions for $798,528 net activity. RODIN JUDITH sold $1,649 worth of stock or 36 shares. MURRAY JOSEPH MICHAEL sold $360,211 worth of stock or 8,122 shares. Hu W. Bradford sold $436,668 worth of stock or 9,528 shares.

More important recent Citigroup Inc (NYSE:C) news were published by: Valuewalk.com which released: “Citigroup Inc Up After Earnings Beat, Wells Fargo Announces Settlement” on October 14, 2016, also Reuters.com published article titled: “Citigroup beats profit expectations on bond trading comeback”, Marketwatch.com published: “What to expect from Citigroup earnings” on October 12, 2016. More interesting news about Citigroup Inc (NYSE:C) was released by: Seekingalpha.com and their article: “Citigroup’s Q3’2016 EPS Forecast” with publication date: October 13, 2016.

C Company Profile

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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