Compass Point began coverage on shares of Citigroup Inc. (NYSE:C) in a report issued on Tuesday. The firm set a “sell” rating and a $39.00 price target on the financial services provider’s stock. Compass Point’s target price would suggest a potential downside of 19.92% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the company. Nomura reiterated a “buy” rating and issued a $55.00 price objective on shares of Citigroup in a report on Thursday, September 29th. Drexel Hamilton reiterated a “buy” rating and issued a $65.00 price objective on shares of Citigroup in a report on Monday, July 18th. Vetr upgraded Citigroup from a “buy” rating to a “strong-buy” rating and set a $47.21 price objective for the company in a report on Tuesday, July 5th. TheStreet upgraded Citigroup from a “hold” rating to a “buy” rating in a report on Tuesday, August 23rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Citigroup in a report on Tuesday, August 16th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the company. Citigroup currently has a consensus rating of “Hold” and an average price target of $54.76.
Shares of Citigroup (NYSE:C) opened at 48.70 on Tuesday. The stock’s 50 day moving average price is $47.38 and its 200 day moving average price is $44.98. The company has a market cap of $141.49 billion, a P/E ratio of 10.31 and a beta of 1.86. Citigroup has a 12-month low of $34.52 and a 12-month high of $56.46.
Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.14. Citigroup had a return on equity of 7.24% and a net margin of 17.97%. The business had revenue of $17.55 billion for the quarter, compared to analyst estimates of $17.47 billion. During the same period last year, the company earned $1.45 EPS. Citigroup’s revenue for the quarter was down 9.9% compared to the same quarter last year. On average, analysts forecast that Citigroup will post $4.61 EPS for the current year.
In other news, insider Joseph Michael Murray sold 8,122 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 35,042 shares of the company’s stock, valued at $1,554,112.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. City Holding Co. raised its position in Citigroup by 26.6% in the third quarter. City Holding Co. now owns 2,305 shares of the financial services provider’s stock worth $109,000 after buying an additional 485 shares during the period. Cedar Wealth Management LLC raised 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 worth $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 worth $116,000. RPg Family Wealth Advisory LLC raised 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 worth $122,000 after buying an additional 1,426 shares during the period. Finally, First Personal Financial Services raised 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 worth $143,000 after buying an additional 2,070 shares during the period. 71.41% of the stock is owned by hedge funds and other institutional investors.
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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