Vetr upgraded shares of Citigroup Inc. (NYSE:C) from a sell rating to a hold rating in a research report sent to investors on Monday. They currently have $47.03 target price on the financial services provider’s stock.
C has been the topic of a number of other reports. Drexel Hamilton restated a buy rating and set a $65.00 price target on shares of Citigroup in a research note on Monday, July 18th. Berenberg Bank initiated coverage on Citigroup in a research note on Wednesday, July 13th. They set a buy rating and a $50.00 price target on the stock. Jefferies Group restated a buy rating on shares of Citigroup in a research note on Sunday, July 10th. Credit Suisse Group AG restated a buy rating on shares of Citigroup in a research note on Saturday, July 9th. Finally, Barclays PLC restated a buy rating and set a $60.00 price target on shares of Citigroup in a research note on Sunday, July 10th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $54.76.
Citigroup (NYSE:C) opened at 48.60 on Monday. The company’s 50-day moving average price is $47.53 and its 200 day moving average price is $45.15. Citigroup has a 52 week low of $34.52 and a 52 week high of $56.46. The stock has a market capitalization of $141.20 billion, a P/E ratio of 10.29 and a beta of 1.86.
Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.08. The company earned $17.80 billion during the quarter, compared to analyst estimates of $17.32 billion. Citigroup had a return on equity of 7.04% and a net margin of 17.58%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.31 earnings per share. Equities research analysts expect that Citigroup will post $4.61 EPS for the current fiscal year.
In other news, insider Joseph Michael Murray sold 8,122 shares of Citigroup stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total transaction of $360,210.70. Following the completion of the sale, the insider now directly owns 35,042 shares in the company, valued at approximately $1,554,112.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.
Several large investors have recently bought and sold shares of C. BNP Paribas Arbitrage SA increased its position in shares of Citigroup by 6.5% in the second quarter. BNP Paribas Arbitrage SA now owns 12,083,668 shares of the financial services provider’s stock valued at $206,341,000 after buying an additional 738,298 shares in the last quarter. Boston Advisors LLC bought a new position in shares of Citigroup during the second quarter valued at about $10,755,000. Sanders Capital LLC increased its position in shares of Citigroup by 0.6% in the second quarter. Sanders Capital LLC now owns 16,006,239 shares of the financial services provider’s stock valued at $693,526,000 after buying an additional 89,414 shares in the last quarter. Legal & General Group Plc increased its position in shares of Citigroup by 2.1% in the first quarter. Legal & General Group Plc now owns 14,126,657 shares of the financial services provider’s stock valued at $589,847,000 after buying an additional 289,283 shares in the last quarter. Finally, Orbis Allan Gray Ltd bought a new position in shares of Citigroup during the first quarter valued at about $181,532,000. Institutional investors own 71.26% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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