Could Citigroup Incorporated (NYSE:C) Skyrocket? The Stock Had Too Little Sellers

September 17, 2017 - By Henry Gaston

 Could Citigroup Incorporated (NYSE:C) Skyrocket? The Stock Had Too Little Sellers

Investors sentiment increased to 1.12 in Q4 2016. Its up 0.29, from 0.83 in 2016Q3. It increased, as 54 investors sold Citigroup Inc shares while 430 reduced holdings. 161 funds opened positions while 382 raised stakes. 2.00 billion shares or 1.65% more from 1.97 billion shares in 2016Q3 were reported.
Assets Investment Limited Liability Com owns 42,000 shares. Glg Limited Company holds 0.68% or 164,911 shares in its portfolio. Reliance Of Delaware has 20,566 shares for 0.19% of their portfolio. Bluefin Trading Lc has 0.17% invested in Citigroup Inc (NYSE:C) for 46,508 shares. Leisure Cap Mngmt holds 0.18% or 3,412 shares in its portfolio. Gardner Lewis Asset Mngmt Ltd Partnership reported 0.32% stake. 284,390 are owned by Advantus Cap Inc. Geode Limited Liability Company holds 0.71% in Citigroup Inc (NYSE:C) or 25.76M shares. Stratos Wealth Prns Limited holds 10,977 shares or 0.04% of its portfolio. Telemus Cap Limited Liability Co owns 10,796 shares. State Board Of Administration Of Florida Retirement Sys stated it has 4.29M shares or 0.77% of all its holdings. Mathes Comm holds 76,510 shares. Moreover, Welch Cap Prtnrs Limited Ny has 5.55% invested in Citigroup Inc (NYSE:C) for 276,623 shares. Channing Capital Ltd Liability invested in 115,847 shares. 2,175 were reported by Cwm Limited Liability Corp.

The stock of Citigroup Incorporated (NYSE:C) registered a decrease of 0.45% in short interest. C’s total short interest was 22.95 million shares in September as published by FINRA. Its down 0.45% from 23.05M shares, reported previously. With 12.54M shares average volume, it will take short sellers 2 days to cover their C’s short positions.

The stock decreased 0.33% or $0.23 on September 15, reaching $69.04. About 18.36M shares traded or 25.15% up from the average. Citigroup Inc (NYSE:C) has risen 35.60% since September 17, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Citigroup Inc. is a financial services holding company. The company has market cap of $188.10 billion. The Company’s whose 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 13.77 P/E ratio. The Firm operates through two divisions: Citicorp and Citi Holdings.

Citigroup Inc (NYSE:C) Ratings Coverage

Among 33 analysts covering Citigroup Inc. (NYSE:C), 18 have Buy rating, 2 Sell and 13 Hold. Therefore 55% are positive. Citigroup Inc. had 83 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, September 12 by Societe Generale. The rating was maintained by UBS with “Buy” on Friday, October 16. Jefferies maintained the shares of C in report on Monday, October 10 with “Buy” rating. As per Wednesday, September 7, the company rating was maintained by Nomura. On Monday, October 26 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. On Friday, August 28 the stock rating was upgraded by Guggenheim to “Buy”. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, September 16 report. The stock of Citigroup Inc (NYSE:C) has “Sector Perform” rating given on Thursday, January 7 by Portales Partners. The firm has “Neutral” rating by Credit Suisse given on Monday, December 21. The firm has “Hold” rating given on Tuesday, January 10 by Standpoint Research.

More important recent Citigroup Inc (NYSE:C) news were published by: Reuters.com which released: “Citigroup sees third-quarter markets revenue down 15 percent vs year-earlier” on September 11, 2017, also Seekingalpha.com published article titled: “Why You Need To Buy This Citi Breakout”, Investorplace.com published: “A Top Is Forming in Citigroup Inc (C) Stock” on September 08, 2017. More interesting news about Citigroup Inc (NYSE:C) was released by: Seekingalpha.com and their article: “Citigroup: This Won’t End Well” with publication date: September 01, 2017.

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