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

Citigroup Inc. (NYSE:C) was the target 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 daily volume of 13,010,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.7% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Royal Bank of Canada raised their target price on shares of Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Evercore ISI raised their price objective on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a research note on Wednesday. Finally, Jefferies Financial Group upped their target price on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $65.16.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Moody National Bank Trust Division boosted its position in shares of Citigroup by 6.0% during the second quarter. Moody National Bank Trust Division now owns 27,285 shares of the company’s stock worth $1,732,000 after acquiring an additional 1,550 shares during the last quarter. M&R Capital Management Inc. boosted its holdings in shares of Citigroup by 2.7% during the 2nd quarter. M&R Capital Management Inc. now owns 83,911 shares of the company’s stock valued at $5,325,000 after purchasing an additional 2,180 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Citigroup by 11.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 7,804 shares of the company’s stock valued at $495,000 after purchasing an additional 831 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Citigroup by 57.8% in the second quarter. GAMMA Investing LLC now owns 23,472 shares of the company’s stock worth $1,490,000 after buying an additional 8,598 shares in the last quarter. Finally, Transcend Capital Advisors LLC boosted its stake in Citigroup by 19.5% during the second quarter. Transcend Capital Advisors LLC now owns 34,814 shares of the company’s stock valued at $2,209,000 after buying an additional 5,691 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

C opened at $64.46 on Thursday. The company’s 50 day moving average is $62.19 and its 200 day moving average is $58.23. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The company has a market cap of $122.95 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 0.99 and a beta of 1.46. Citigroup has a 12-month low of $38.17 and a 12-month high of $65.22.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter last year, the company posted $1.86 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Citigroup will post 5.85 EPS for the current year.

About Citigroup

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.