In yesterday’s Wall Street session, Citigroup Inc (NYSE:C) shares traded at $58.63, up 1.77% from the previous session.
C stock price is now 7.01% away from the 50-day moving average and 24.29% away from the 200-day moving average. The market capitalization of the company currently stands at $112.06B.
With the price target maintained at $68, Goldman recently Upgraded its rating from Neutral to Buy for Citigroup Inc (NYSE: C). On February 14, 2024, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $56 to quote $63, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, MORTON ANDREW JOHN, Head of Markets sold 28,096 shares of the company’s stock on Oct 18 ’23. 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 $24.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 18 ’23, 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 $9.15 million. A total of 0.30% of the company’s stock is owned by insiders.
During the past 12 months, Citigroup Inc has had a low of $38.17 and a high of $58.67. The fifty day moving average price for C is $54.88 and a two-hundred day moving average price translates $47.24 for the stock.
The latest earnings results from Citigroup Inc (NYSE: C) was released for Dec, 2023. According to the Banks – Diversified Company, earnings per share came in at $0.77, beating analysts’ expectations of $0.74 by 0.03. This compares to $1.16 EPS in the same period last year. The net profit margin was 4.97% and return on equity was 4.45% for C. The company reported revenue of $36.38 billion for the quarter, compared to $25.71 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.51 percent. For the current quarter, analysts expect C to generate $18.77B in revenue.
Citigroup Inc(C) 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. The Markets segment offers sales and trading services for equities, foreign exchange, rates, spread products, and commodities to corporate, institutional, and public sector clients; and market-making services, including asset classes, risk management solutions, financing, prime brokerage, research, securities clearing, and settlement. The banking segment includes investment banking; advisory services related to mergers and acquisitions, divestitures, restructurings, and corporate defense activities; and corporate lending, which includes corporate and commercial banking. The U.S. Personal Banking segment provides co-branded cards and retail banking services. The Wealth segment provides financial services to high-net-worth clients through banking, lending, mortgages, investment, custody, and trust product offerings; and to professional industries, including law firms, consulting groups, accounting, and asset management. The company was founded in 1812 and is headquartered in New York, New York.
