Investors Purchase High Volume of Citigroup Call Options (NYSE:C)

Citigroup Inc. (NYSE:C) saw some unusual options trading activity on Friday. Investors purchased 179,173 call options on the stock. This is an increase of 17% compared to the typical volume of 153,252 call options.

Institutional Trading of Citigroup

Institutional investors have recently added to or reduced their stakes in the business. Orion Capital Management LLC acquired a new position in Citigroup during the 4th quarter valued at approximately $26,000. Frazier Financial Advisors LLC acquired a new stake in shares of Citigroup in the 4th quarter worth about $29,000. Beacon Capital Management LLC boosted its stake in Citigroup by 85.5% during the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares during the period. Beaird Harris Wealth Management LLC grew its position in Citigroup by 1,962.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after purchasing an additional 569 shares during the last quarter. Finally, Rakuten Securities Inc. acquired a new stake in shares of Citigroup in the fourth quarter valued at approximately $35,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 1.8 %

Shares of C stock traded down $1.17 during trading hours on Friday, hitting $64.54. 30,117,249 shares of the company were exchanged, compared to its average volume of 15,025,734. The stock has a market capitalization of $123.11 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 0.95 and a beta of 1.46. Citigroup has a one year low of $38.17 and a one year high of $66.99. The business’s 50-day simple moving average is $62.62 and its two-hundred day simple moving average is $58.80. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95.

Citigroup (NYSE:C) last released its earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $20.14 billion for the quarter, compared to the consensus estimate of $20.07 billion. During the same quarter last year, the business posted $1.37 EPS. Citigroup’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts predict that Citigroup will post 5.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on C shares. BMO Capital Markets upped their price target on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday. Wells Fargo & Company reiterated an “overweight” rating and set a $80.00 price objective on shares of Citigroup in a research note on Monday, April 1st. Evercore ISI raised their target price on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a research note on Wednesday, July 3rd. HSBC upped their price target on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average target price of $65.66.

Citigroup Company Profile

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.