Citigroup Inc (NYSE:C) Quarterly Sentiment Report

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Sentiment for Citigroup Inc (NYSE:C)

Citigroup Inc (NYSE:C) institutional sentiment decreased to 0.82 in Q2 2019. Its down -0.12, from 0.94 in 2019Q1. The ratio dropped, as 435 funds increased or started new positions, while 531 sold and decreased their holdings in Citigroup Inc. The funds in our partner’s database now possess: 1.66 billion shares, down from 1.78 billion shares in 2019Q1. Also, the number of funds holding Citigroup Inc in their top 10 positions increased from 84 to 93 for an increase of 9. Sold All: 46 Reduced: 485 Increased: 336 New Position: 99.

Citigroup Inc., a diversified financial services holding company, provides various financial services and products for consumers, firms, governments, and institutions worldwide. The company has market cap of $158.97 billion. The firm operates through two divisions, Citicorp and Citi Holdings. It has a 9.79 P/E ratio. The Citicorp segment offers traditional banking services to retail clients through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

The stock increased 1.54% or $1.07 during the last trading session, reaching $70.37. About 12.87M shares traded. Citigroup Inc. (NYSE:C) has declined 1.56% since September 13, 2018 and is downtrending. It has underperformed by 1.56% the S&P500.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on October, 11. They expect $1.98 EPS, up 13.79 % or $0.24 from last year’s $1.74 per share. C’s profit will be $4.47 billion for 8.89 P/E if the $1.98 EPS becomes a reality. After $1.83 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts 8.20 % EPS growth.

Valueact Holdings L.P. holds 23.05% of its portfolio in Citigroup Inc. for 31.53 million shares. Greenhaven Associates Inc owns 12.09 million shares or 14.78% of their US portfolio. Moreover, Portland Investment Counsel Inc. has 9.85% invested in the company for 272,000 shares. The New York-based Fir Tree Capital Management Lp has invested 9.54% in the stock. Lakewood Capital Management Lp, a New York-based fund reported 4.04 million shares.

Citigroup Inc. (NYSE:C) Ratings Coverage

Ratings analysis reveals 100% of Citigroup’s analysts are positive. Out of 4 Wall Street analysts rating Citigroup, 4 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $7400 while the high is $99. The stock’s average target of $86 is 22.21% above today’s ($70.37) share price. C was included in 9 notes of analysts from March 23, 2019. The rating was maintained by BMO Capital Markets on Tuesday, April 16 with “Outperform”. The firm has “Outperform” rating given on Tuesday, March 26 by Oppenheimer. The stock of Citigroup Inc. (NYSE:C) has “Buy” rating given on Tuesday, April 16 by UBS. Morgan Stanley maintained the shares of C in report on Tuesday, April 16 with “Overweight” rating.

More notable recent Citigroup Inc. (NYSE:C) news were published by: Seekingalpha.com which released: “Citigroup sounding good on interest income – Seeking Alpha” on September 09, 2019, also Finance.Yahoo.com with their article: “5 Top Stock Trades for Friday: A Bank Run in Play? – Yahoo Finance” published on September 12, 2019, Finance.Yahoo.com published: “StockBeat – Intel Climbs, but Citi Warns of Risks Ahead – Yahoo Finance” on September 11, 2019. More interesting news about Citigroup Inc. (NYSE:C) were released by: Finance.Yahoo.com and their article: “The Citigroup (NYSE:C) Share Price Is Up 36% And Shareholders Are Holding On – Yahoo Finance” published on May 30, 2019 as well as Seekingalpha.com‘s news article titled: “Citigroup On The Edge Of Forever – Seeking Alpha” with publication date: August 17, 2019.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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