Citigroup Inc (NYSE:C) shares traded -1.99% lower at $38.89 on Wall Street last session.
In accordance with the data, 27 analysts cover Citigroup Inc (NYSE:C). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $95.00 and a low of $42.00, we find $47.00. Given the previous closing price of $39.68, this indicates a potential upside of 18.45 percent. C stock price is now -6.13% away from the 50-day moving average and -15.72% away from the 200-day moving average. The market capitalization of the company currently stands at $74.89B.
It has been rated a hold by 16 analysts and a buy by 10. Brokers who have rated the stock have averaged $52.24 as their price target over the next twelve months.
With the price target of $43, HSBC Securities recently initiated with Hold rating for Citigroup Inc (NYSE: C).
In other news, MORTON ANDREW JOHN, Head of Markets sold 28,096 shares of the company’s stock on Oct 18. The stock was sold for $1,142,397 at an average price of $40.66. Upon completion of the transaction, the Head of Markets now directly owns 410,060 shares in the company, valued at $15.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 18, Chief Risk Officer Turek Zdenek sold 12,000 shares of the business’s stock. A total of $598,440 was realized by selling the stock at an average price of $49.87. This leaves the insider owning 155,979 shares of the company worth $6.07 million. Insiders disposed of 260,090 shares of company stock worth roughly $10.11 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in C stock. A new stake in Citigroup Inc shares was purchased by CMT CAPITAL MARKETS TRADING GMBH during the first quarter worth $30,043,000. INVENOMIC CAPITAL MANAGEMENT LP invested $23,210,000 in shares of C during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Citigroup Inc valued at approximately $21,507,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in C for approximately $21,151,000. TWINBEECH CAPITAL LP purchased a new stake in C valued at around $19,805,000 in the second quarter. In total, there are 2,168 active investors with 72.97% ownership of the company’s stock.
Citigroup Inc (NYSE: C) opened at $39.58 on Monday. During the past 12 months, Citigroup Inc has had a low of $39.14 and a high of $53.23. The fifty day moving average price for C is $41.32 and a two-hundred day moving average price translates $46.10 for the stock.
The latest earnings results from Citigroup Inc (NYSE: C) was released for Sep, 2023. According to the Banks – Diversified Company, earnings per share came in at $1.54, beating analysts’ expectations of $1.14 by 0.4. This compares to $1.63 EPS in the same period last year. The net profit margin was 8.35% and return on equity was 6.61% for C. The company reported revenue of $34.84 billion for the quarter, compared to $19.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 74.89 percent. For the current quarter, analysts expect C to generate $18.14B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/22/2023. Investors who held shares on 11/06/2023 were paid a $0.53 dividend. On an annualized basis, this represents a $1.97 dividend and a 5.06% percent yield. There was an ex-dividend date of 11/03/2023 for this dividend. In terms of dividend payout ratio, C is presently at 29.16%.
Citigroup Inc(C) Company Profile
Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises. The ICG segment offers wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative, equity and fixed income research, corporate lending, investment banking and advisory, private banking, cash management, trade finance, and securities services to corporate, institutional, and public sector clients. The PBWM segment offers traditional banking services to retail and small business customers through retail banking, cash, rewards, value portfolios, and co-branded cards. It also provides various banking, credit cards, custody, trust, mortgages, home equity, small business, and personal consumer loans. The Legacy Franchises segment provides traditional retail banking and branded card products to retail and small business customers. The company was founded in 1812 and is headquartered in New York, New York.
