Large Outflow of Money Witnessed in Citigroup

Shares of Citigroup (NYSE:C) traded 0.13 points or 0.3% higher at $44.03.The total intraday money flow for the shares came in at a disappointing $(-11.13) million. The total upticks amounted to $32.38 million and the total downticks were approximately $43.51 million, with the up/down ratio of 0.74. On a different note, the shares have seen -3% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $1.35 million in upticks and an outflow of $13.98 million in downticks. The up/down ratio for the block was found to be 0.1. The net money flow for the block transaction was $(-12.62) million.


Currently the company Insiders own 0.13% of Citigroup shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.17% . Institutional Investors own 72.31% of Citigroup shares. During last six month period, the net percent change held by insiders has seen a change of 2.82%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Rodin Judith, director of Citigroup Inc, had unloaded 036 shares at an average price of $45.8 in a transaction dated on May 24, 2016. The total value of the transaction was worth $1,649.

Citigroup (NYSE:C) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.74 points or 1.69% at $43.16 with 20,612,145 shares getting traded. Post opening the session at $43.23, the shares hit an intraday low of $43.145 and an intraday high of $44.06 and the price was in this range throughout the day. The company has a market cap of $126,672 million and the number of outstanding shares have been calculated to be 2,934,929,100 shares. The 52-week high of Citigroup (NYSE:C) is $60.95 and the 52-week low is $34.52.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Keefe Bruyette & Woods downgrades its ratings on Citigroup (NYSE:C). In the latest research report, Keefe Bruyette & Woods maintains the target price to $51 per share. According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on April 18, 2016.

Citigroup Inc. (Citi) is a financial services holding company, whose businesses provide consumers, corporations, governments and institutions with financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth management. The Company operates through two primary business segments: Citicorp and Citi Holdings. Citicorp consists of the operating businesses: Global Consumer Banking, which consists of consumer banking in North America, EMEA, Latin America and Asia, and Institutional Clients Group, which includes Banking and Markets and securities services. Citi Holdings contains businesses and portfolios of assets that Citi has determined are not central to its core Citicorp businesses. Citis consumer operations, as well as the consumer finance business in Korea and certain businesses in ICG form part of Citi Holdings.

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