Is Buying Citigroup Incorporated (NYSE:C) Here Good Idea?

September 17, 2017 - By Kurt Siggers

 Is Buying Citigroup Incorporated (NYSE:C) Here Good Idea?

Investors sentiment increased to 1.12 in Q4 2016. Its up 0.29, from 0.83 in 2016Q3. It increased, as 54 investors sold Citigroup Inc shares while 430 reduced holdings. 161 funds opened positions while 382 raised stakes. 2.00 billion shares or 1.65% more from 1.97 billion shares in 2016Q3 were reported.
Brookfield Asset Mgmt holds 0.01% of its portfolio in Citigroup Inc (NYSE:C) for 28,580 shares. Tctc Hldgs Ltd Llc holds 5,852 shares. Moreover, Arrowpoint Asset Mngmt Ltd Liability Com has 0.17% invested in Citigroup Inc (NYSE:C). The Japan-based Asset One Ltd has invested 0.77% in Citigroup Inc (NYSE:C). Scott Selber invested 1.54% of its portfolio in Citigroup Inc (NYSE:C). Columbia L L C Mgmt reported 41,581 shares or 0.22% of all its holdings. Schroder Inv Gru invested in 1.13% or 9.94M shares. Bokf Na holds 0.13% of its portfolio in Citigroup Inc (NYSE:C) for 64,249 shares. Wright Invsts Service has 27,111 shares for 0.7% of their portfolio. Hoertkorn Richard Charles holds 2.73% of its portfolio in Citigroup Inc (NYSE:C) for 66,355 shares. Peapack Gladstone Financial Corp has 4,711 shares. 8,040 were accumulated by Tocqueville Asset Mngmt L P. Buckingham Asset Management Limited Liability Com has invested 0.12% in Citigroup Inc (NYSE:C). 1.57M are owned by Aberdeen Asset Management Public Limited Co Uk. Family reported 0.58% in Citigroup Inc (NYSE:C).

The stock of Citigroup Incorporated (NYSE:C) registered a decrease of 0.45% in short interest. C’s total short interest was 22.95M shares in September as published by FINRA. Its down 0.45% from 23.05M shares, reported previously. With 12.54 million shares average volume, it will take short sellers 2 days to cover their C’s short positions.

The stock decreased 0.33% or $0.23 on September 15, reaching $69.04. About 18.36 million shares traded or 25.15% up from the average. Citigroup Inc (NYSE:C) has risen 35.60% since September 17, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Citigroup Inc. is a financial services holding company. The company has market cap of $188.10 billion. The Company’s whose 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. It has a 13.77 P/E ratio. The Firm operates through two divisions: Citicorp and Citi Holdings.

Citigroup Inc (NYSE:C) Ratings Coverage

Among 33 analysts covering Citigroup Inc. (NYSE:C), 18 have Buy rating, 2 Sell and 13 Hold. Therefore 55% are positive. Citigroup Inc. had 83 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, December 21 by Atlantic Securities. The stock of Citigroup Inc (NYSE:C) has “Buy” rating given on Monday, August 24 by SunTrust. The stock of Citigroup Inc (NYSE:C) earned “Hold” rating by Vetr on Thursday, August 6. The stock has “Neutral” rating by Goldman Sachs on Friday, September 16. The stock of Citigroup Inc (NYSE:C) has “Hold” rating given on Monday, August 24 by Vetr. The firm earned “Overweight” rating on Monday, November 14 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, September 7 by Nomura. Guggenheim upgraded Citigroup Inc (NYSE:C) on Friday, August 28 to “Buy” rating. Wood downgraded the shares of C in report on Monday, April 18 to “Market Perform” rating. The stock of Citigroup Inc (NYSE:C) has “Buy” rating given on Sunday, July 16 by Renaissance Macro Securities LLC.

More important recent Citigroup Inc (NYSE:C) news were published by: Seekingalpha.com which released: “Citigroup: This Won’t End Well” on September 01, 2017, also Seekingalpha.com published article titled: “Why You Need To Buy This Citi Breakout”, Investorplace.com published: “A Top Is Forming in Citigroup Inc (C) Stock” on September 08, 2017. More interesting news about Citigroup Inc (NYSE:C) was released by: Reuters.com and their article: “Citigroup sees third-quarter markets revenue down 15 percent vs year-earlier” with publication date: September 11, 2017.

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