Citigroup Target of Unusually Large Options Trading (NYSE:C)

Citigroup Inc. (NYSE:C) saw some unusual options trading on Tuesday. Investors acquired 158,023 call options on the stock. This represents an increase of 62% compared to the typical volume of 97,670 call options.

Institutional Investors Weigh In On Citigroup

Several hedge funds and other institutional investors have recently bought and sold shares of the business. POM Investment Strategies LLC bought a new position in shares of Citigroup in the second quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Citigroup during the third quarter worth $28,000. Beacon Capital Management LLC raised its position in shares of Citigroup by 85.5% during the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Citigroup during the second quarter valued at $31,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Citigroup in the 2nd quarter valued at $32,000. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

C has been the subject of a number of analyst reports. Evercore ISI increased their price target on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. BMO Capital Markets upped their target price on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Morgan Stanley decreased their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. The Goldman Sachs Group cut their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, Barclays upped their price objective on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price of $71.06.

Citigroup Trading Down 0.3 %

Shares of NYSE:C opened at $64.51 on Thursday. The company has a 50 day moving average of $61.87 and a 200-day moving average of $62.05. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. The firm has a market cap of $123.07 billion, a P/E ratio of 18.70, a P/E/G ratio of 0.74 and a beta of 1.44. Citigroup has a twelve month low of $38.92 and a twelve month high of $67.81.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts anticipate that Citigroup will post 5.76 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.56 per share. The ex-dividend date is Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.47%. Citigroup’s dividend payout ratio is currently 64.93%.

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.