Citigroup Inc. (NYSE:C) had its price target raised by Credit Agricole SA from $61.00 to $63.00 in a research report report published on Friday. The firm currently has a buy rating on the financial services provider’s stock.
C has been the topic of several other research reports. Vetr cut shares of Citigroup from a strong-buy rating to a buy rating and set a $47.21 target price on the stock. in a report on Monday, July 11th. Deutsche Bank AG reiterated a hold rating on shares of Citigroup in a report on Wednesday, June 15th. Jefferies Group reiterated a buy rating on shares of Citigroup in a report on Monday, August 1st. Oppenheimer Holdings Inc. reiterated an outperform rating and issued a $63.00 price target (down previously from $70.00) on shares of Citigroup in a report on Wednesday, July 6th. Finally, Berenberg Bank began coverage on shares of Citigroup in a report on Wednesday, July 13th. They issued a buy rating and a $50.00 price target on the stock. One investment 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’s stock. Citigroup presently has an average rating of Buy and an average price target of $55.62.
Shares of Citigroup (NYSE:C) traded down 1.44% during mid-day trading on Friday, hitting $46.47. 4,332,544 shares of the stock traded hands. The company’s 50-day moving average price is $46.79 and its 200 day moving average price is $44.49. The company has a market capitalization of $135.01 billion, a PE ratio of 9.83 and a beta of 1.90. Citigroup has a 1-year low of $34.52 and a 1-year high of $56.46.
Citigroup (NYSE:C) last issued its 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 net margin of 17.97% and a return on equity of 7.24%. The firm had revenue of $17.55 billion for the quarter, compared to analysts’ expectations of $17.47 billion. During the same quarter last year, the business earned $1.45 earnings per share. The business’s revenue was down 9.9% on a year-over-year basis. Equities research analysts forecast that Citigroup will post $4.62 EPS for the current fiscal year.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the business’s stock in a transaction dated Wednesday, July 20th. The stock was 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 filing with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position 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 period. FMR LLC increased its position in shares of Citigroup by 3.7% in the second quarter. FMR LLC now owns 92,973,398 shares of the financial services provider’s stock worth $3,941,143,000 after buying an additional 3,339,340 shares during the period. Franklin Resources Inc. increased its position in shares of Citigroup by 1.2% in the second quarter. Franklin Resources Inc. now owns 36,139,625 shares of the financial services provider’s stock worth $1,531,980,000 after buying an additional 436,566 shares during the period. BlackRock Fund Advisors increased its position in shares of Citigroup by 1.4% in the second quarter. BlackRock Fund Advisors now owns 34,452,658 shares of the financial services provider’s stock worth $1,460,448,000 after buying an additional 476,584 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Citigroup by 0.7% in the first quarter. Geode Capital Management LLC now owns 24,657,570 shares of the financial services provider’s stock worth $1,027,425,000 after buying an additional 176,548 shares during the period. Institutional investors own 71.41% 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.
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