Citigroup Inc. (NYSE:C) has received a consensus recommendation of “Buy” from the twenty-eight research firms that are covering the firm. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $56.04.
Several research firms recently issued reports on C. Vetr downgraded Citigroup from a “strong-buy” rating to a “buy” rating and set a $47.21 price target for the company. in a research note on Monday, July 11th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Citigroup in a report on Wednesday, June 15th. Jefferies Group reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, August 1st. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $63.00 price objective (down from $70.00) on shares of Citigroup in a report on Wednesday, July 6th. Finally, Berenberg Bank started coverage on Citigroup in a report on Wednesday, July 13th. They issued a “buy” rating and a $50.00 price objective for the company.
Shares of Citigroup (NYSE:C) traded up 2.45% on Tuesday, hitting $48.18. The stock had a trading volume of 16,941,623 shares. The stock’s 50-day moving average price is $46.92 and its 200 day moving average price is $44.71. The company has a market cap of $139.98 billion, a PE ratio of 10.20 and a beta of 1.86. Citigroup has a 52 week low of $34.52 and a 52 week high of $56.46.
Citigroup (NYSE:C) last released its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.14. The business earned $17.55 billion during the quarter, compared to the consensus estimate of $17.47 billion. Citigroup had a return on equity of 7.24% and a net margin of 17.97%. The firm’s quarterly revenue was down 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 EPS. On average, analysts predict that Citigroup will post $4.61 EPS for the current year.
In other news, insider Joseph Michael Murray sold 8,122 shares of the stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total value of $360,210.70. Following the completion of the sale, 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 document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of C. Emerald Acquisition Ltd. bought a new stake in shares of Citigroup during the second quarter valued at approximately $500,315,000. Vanguard Group Inc. increased its stake in shares of Citigroup by 3.5% in the second quarter. Vanguard Group Inc. now owns 175,049,494 shares of the financial services provider’s stock worth $7,420,348,000 after buying an additional 5,872,249 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Citigroup by 38.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 17,929,535 shares of the financial services provider’s stock worth $760,033,000 after buying an additional 4,966,503 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in shares of Citigroup during the first quarter worth approximately $199,573,000. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Citigroup by 39.8% in the second quarter. TIAA CREF Investment Management LLC now owns 15,857,100 shares of the financial services provider’s stock worth $672,182,000 after buying an additional 4,510,455 shares during the last quarter. 71.41% of the stock is owned by hedge funds and other institutional investors.
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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