In yesterday’s Wall Street session, Citigroup Inc (NYSE:C) shares traded at $60.95, up 0.21% from the previous session.
C stock price is now 10.00% away from the 50-day moving average and 28.24% away from the 200-day moving average. The market capitalization of the company currently stands at $116.50B.
With the price target enhanced from $70 to $80, Wells Fargo maintained Overweight rating for Citigroup Inc (NYSE: C). On March 14, 2024, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $68, while ‘Piper Sandler’ 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 $24.99 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 $9.51 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 $61.67. The fifty day moving average price for C is $55.41 and a two-hundred day moving average price translates $47.53 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 $18.8B in revenue.
