Citigroup Inc. (NYSE:C)‘s stock had its “buy” rating reissued by equities research analysts at Nomura in a research report issued on Thursday. They currently have a $55.00 price objective on the financial services provider’s stock. Nomura’s price objective would suggest a potential upside of 16.45% from the stock’s current price.
A number of other equities analysts also recently weighed in on the stock. Credit Agricole SA boosted their target price on shares of Citigroup from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, September 23rd. Vetr raised shares of Citigroup from a “sell” rating to a “hold” rating and set a $46.48 target price for the company in a research note on Monday, September 19th. Goldman Sachs Group Inc. downgraded shares of Citigroup from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $52.00 to $50.00 in a research note on Friday, September 16th. Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Finally, TheStreet raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $55.39.
Shares of Citigroup (NYSE:C) opened at 47.23 on Thursday. The firm has a market cap of $137.22 billion, a price-to-earnings ratio of 10.00 and a beta of 1.86. The stock has a 50 day moving average of $46.88 and a 200-day moving average of $44.65. Citigroup has a 52 week low of $34.52 and a 52 week high of $56.46.
Citigroup (NYSE:C) last announced its earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.14. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The company earned $17.55 billion during the quarter, compared to the consensus estimate of $17.47 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The company’s revenue was down 9.9% on a year-over-year basis. Equities research analysts expect that Citigroup will post $4.61 earnings per share for the current year.
In other news, insider Joseph Michael Murray sold 8,122 shares of the stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total value of $360,210.70. Following the transaction, the insider now directly owns 35,042 shares of the company’s stock, valued at $1,554,112.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in C. Cedar Wealth Management LLC increased its position in Citigroup by 57.1% in the second quarter. Cedar Wealth Management LLC now owns 2,613 shares of the financial services provider’s stock valued at $111,000 after buying an additional 950 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in Citigroup during the second quarter valued at approximately $116,000. RPg Family Wealth Advisory LLC increased its position in Citigroup by 95.1% in the first quarter. RPg Family Wealth Advisory LLC now owns 2,926 shares of the financial services provider’s stock valued at $122,000 after buying an additional 1,426 shares during the period. First Personal Financial Services increased its position in Citigroup by 160.3% in the second quarter. First Personal Financial Services now owns 3,361 shares of the financial services provider’s stock valued at $143,000 after buying an additional 2,070 shares during the period. Finally, Feltz Wealth PLAN Inc. acquired a new position in Citigroup during the second quarter valued at approximately $155,000. Institutional investors and hedge funds own 71.41% of the company’s stock.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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