Citigroup Inc. (NYSE:C) Short Interest Up 7.5% in June

Citigroup Inc. (NYSE:C) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 31,280,000 shares, an increase of 7.5% from the May 31st total of 29,090,000 shares. Based on an average trading volume of 13,010,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Tejara Capital Ltd acquired a new stake in shares of Citigroup during the third quarter worth about $18,768,000. Ancora Advisors LLC lifted its stake in Citigroup by 52.9% in the third quarter. Ancora Advisors LLC now owns 3,615 shares of the company’s stock valued at $149,000 after buying an additional 1,251 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Citigroup in the third quarter valued at approximately $2,079,000. Glenmede Trust Co. NA increased its position in shares of Citigroup by 35.1% during the third quarter. Glenmede Trust Co. NA now owns 149,282 shares of the company’s stock worth $6,140,000 after acquiring an additional 38,761 shares in the last quarter. Finally, First National Bank of Omaha raised its holdings in shares of Citigroup by 9.4% during the third quarter. First National Bank of Omaha now owns 4,992 shares of the company’s stock worth $205,000 after acquiring an additional 430 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the topic of a number of analyst reports. Oppenheimer dropped their price target on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. Keefe, Bruyette & Woods boosted their price target on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $65.00 price objective on shares of Citigroup in a research note on Thursday, June 20th. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average price target of $65.16.

Citigroup Price Performance

NYSE:C traded down $0.22 on Wednesday, reaching $64.46. The stock had a trading volume of 6,573,828 shares, compared to its average volume of 14,991,079. The stock has a fifty day moving average price of $62.15 and a 200-day moving average price of $58.18. Citigroup has a 1-year low of $38.17 and a 1-year high of $65.22. The company has a market capitalization of $122.95 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The firm had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 EPS. Research analysts forecast that Citigroup will post 5.85 EPS for the current year.

Citigroup Company Profile

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.