What Could Be Propelling Citigroup Inc to Decrease?

 What Could Be Propelling Citigroup Inc to Decrease?

In today’s session Citigroup Inc (C) recorded an unusually high (1,550) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious C decrease. With 1,550 contracts traded and 146934 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: C180119P00045000 closed last at: $4.75 or 4.4% up. About 8.91M shares traded hands. Citigroup Inc (NYSE:C) has risen 13.92% since March 14, 2016 and is uptrending. It has outperformed by 8.31% the S&P500.

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. The stock has “Outperform” rating given by Credit Suisse on Monday, September 28. On Friday, October 16 the stock rating was maintained by UBS with “Buy”. BMO Capital Markets maintained Citigroup Inc (NYSE:C) rating on Friday, September 4. BMO Capital Markets has “Market Perform” rating and $7.0 price target. As per Tuesday, January 19, the company rating was maintained by Oppenheimer. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, January 19. Vetr upgraded Citigroup Inc (NYSE:C) rating on Monday, August 24. Vetr has “Hold” rating and $57.36 price target. The firm has “Buy” rating given on Friday, August 28 by Guggenheim. The firm has “Buy” rating given on Friday, December 11 by Citigroup. The firm has “Hold” rating given on Tuesday, January 26 by Deutsche Bank. Nomura maintained the shares of C in a report on Wednesday, September 7 with “Buy” rating.

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 worsened, 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.
Howard Hughes Med Institute last reported 1.85% of its portfolio in the stock. First Fin In last reported 3,773 shares in the company. Capital Guardian Trust Company last reported 0% of its portfolio in the stock. Assetmark holds 0% or 4,307 shares in its portfolio. Baupost Gp Limited Liability Company Ma has 2.97% invested in the company for 5.17 million shares. Tiaa Cref Inv Ltd Liability Corporation reported 15.86 million shares or 0.52% of all its holdings. Springowl Associate Ltd has 30,000 shares for 9.02% of their US portfolio. Hoertkorn Richard Charles holds 32,890 shares or 1.11% of its portfolio. Moreover, Amica Mutual Insur has 0.86% invested in Citigroup Inc (NYSE:C) for 208,366 shares. Bank & Trust Of Montreal Can has invested 0.5% of its portfolio in Citigroup Inc (NYSE:C). Artal Grp Sa holds 0.22% or 250,000 shares in its portfolio. The California-based Dowling & Yahnke Lc has invested 0.39% in Citigroup Inc (NYSE:C). Schneider accumulated 4.08% or 514,268 shares. Pinnacle Associate Limited owns 326,500 shares or 0.3% of their US portfolio. Adirondack Tru Com last reported 619 shares in the company.

Insider Transactions: Since April 20, 2016, the stock had 0 buys, and 2 sales for $361,860 net activity. $360,211 worth of Citigroup Inc (NYSE:C) was sold by MURRAY JOSEPH MICHAEL on Wednesday, July 20. Hu W. Bradford also sold $436,668 worth of Citigroup Inc (NYSE:C) on Wednesday, April 20. The insider RODIN JUDITH sold 36 shares worth $1,649.

Citigroup Inc. is a financial services holding company. The company has a market cap of $142.25 billion. 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. It has a 10.53 P/E ratio. It operates through two divisions: Citicorp and Citi Holdings.

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.

More notable recent Citigroup Inc (NYSE:C) news were published by: Seekingalpha.com which released: “Citigroup Radiates Potential For Long-Term Buying” on October 17, 2016, also Seekingalpha.com with their article: “Citigroup: More Proof Of Bargain Basement Value” published on October 16, 2016, Seekingalpha.com published: “Citigroup: Should You Still Buy At $49?” on October 15, 2016. More interesting news about Citigroup Inc (NYSE:C) were released by: Valuewalk.com and their article: “Citigroup Inc Up After Earnings Beat, Wells Fargo Announces Settlement” published on October 14, 2016 as well as Marketwatch.com‘s news article titled: “What to expect from Citigroup earnings” with publication date: October 12, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment