Citigroup Inc. Reports Gain In Q1 Profit

Ann Santiago
April 14, 2018

The company's Market capitalization is $20.62B with the total Outstanding Shares of "Outstanding". The stock increased 0.24% or $0.42 during the last trading session, reaching $174.56. The 27.35M previous shares are up with 1.14%. It has outperformed by 68.57% the S&P500.

Citigroup Inc (NYSE:C) financial products and services provider reported net income for the first quarter of $ 4.62 billion or $ 1.68 per share, compared to income of $ 4.09 billion or $ 1.35 per share for the year-ago quarter. Prospector Partners Llc sold 43,700 shares as the company's stock declined 9.55% with the market. The company's quarterly revenue was up 2.8% on a year-over-year basis. sell-side analysts expect that Citigroup will post 6.4 earnings per share for the current year.

Investment banking revenue fell to $1.13 billion from $1.29 billion and Citi blamed "declines in the overall market wallet and the timing of episodic deal activity". Meanwhile, the trading corporation has 50 days moving average ratio of -1.87% related to its latest price change. About 8.27 million shares traded. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the stock. Therefore 60% are positive. Fusion Telecommunications International had 6 analyst reports since January 4, 2017 according to SRatingsIntel. The rating was downgraded by Keefe Bruyette & Woods on Tuesday, January 16 to "Hold". The company was maintained on Tuesday, September 12 by UBS. Maxim Group maintained Apple Inc. On Wednesday, January 17 the stock has "Hold" rating by Vertical Group. Wells Fargo downgraded Apple Inc. (NYSE:C) has "Hold" rating given by Raymond James. Shares for $11.56M were sold by SCHILLER PHILIP W.

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.28, from 1.35 in 2017Q3. 123 funds amassed positions and 450 increased positions. $2.51 million worth of Citigroup Inc. (NASDAQ:AAPL). Windsor Cap Limited Liability Com invested 0.85% in Apple Inc. Virtu Fincl Limited Liability reported 3,833 shs or 0.02% of all its holdings. Boston Management owns 27,380 shares. Burt Wealth Advsrs has 250 shares. Palo Capital Inc holds 62,632 shares or 2.08% of its portfolio. 19,620 were accumulated by Pcj Invest Counsel Ltd. Zweig owns 10,000 shares for 0.08% of their portfolio. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider's stock valued at $13,560,000 after purchasing an additional 5,125 shares during the last quarter. Barometer Capital has 1.75% invested in Citigroup Inc. AAPL's profit will be $13.75 billion for 16.10 P/E if the $2.71 EPS becomes a reality.

Wall Street stocks rose on Thursday (Apr 12) as US President Donald Trump signalled a more cautious approach to potential Syria missile strikes and a more welcoming approach to global trade talks. Vetr lowered Citigroup from a "buy" rating to a "hold" rating and set a $76.38 price target for the a research note on Wednesday, November 29th. Finally, Ninepoint Partners LP boosted its stake in shares of Citigroup by 99.8% during the 4th quarter.

Among 40 analysts covering Citigroup Inc.

C has been the subject of a number of other reports.

Citigroup Inc. (NYSE:C) has revealed a visible change in the trend volumes of the stock market recently. On Monday, March 26 the stock of Citigroup Inc. 7,000 shares valued at $542,920 were sold by Gerspach John C on Tuesday, February 27.

TipRanks reveals mostly bullish attention circling Citigroup shares. (NYSE:C) for 137,800 shs. DZ Bank upgraded the shares of C in report on Wednesday, February 7 to "Buy" rating.

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