Nomura reiterated their buy rating on shares of Citigroup Inc. (NYSE:C) in a research note published on Thursday morning. The brokerage currently has a $55.00 price target on the financial services provider’s stock.
Other analysts have also recently issued research reports about the stock. Credit Agricole SA lifted their price target on shares of Citigroup from $61.00 to $63.00 and gave the company a buy rating in a report on Friday, September 23rd. Goldman Sachs Group Inc. cut shares of Citigroup from a buy rating to a neutral rating and cut their price target for the company from $52.00 to $50.00 in a report on Friday, September 16th. TheStreet upgraded shares of Citigroup from a hold rating to a buy rating in a report on Tuesday, August 23rd. Vetr cut shares of Citigroup from a hold rating to a sell rating and set a $45.31 target price on the stock. in a report on Wednesday, September 14th. Finally, Oppenheimer Holdings Inc. restated an outperform rating and set a $63.00 target price (down previously from $70.00) on shares of Citigroup in a report on Wednesday, July 6th. One investment 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. Citigroup currently has an average rating of Buy and an average target price of $55.39.
Citigroup (NYSE:C) traded up 1.758% during midday trading on Thursday, hitting $46.605. 5,637,413 shares of the stock were exchanged. The stock has a market cap of $135.40 billion, a PE ratio of 9.863 and a beta of 1.90. Citigroup has a 1-year low of $34.52 and a 1-year high of $56.46. The company’s 50 day moving average is $46.84 and its 200-day moving average is $44.62.
Citigroup (NYSE:C) last issued its earnings results on Friday, July 15th. The financial services provider reported $1.24 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 company had revenue of $17.55 billion for the quarter, compared to the consensus estimate of $17.47 billion. During the same period in the previous year, the firm earned $1.45 earnings per share. The firm’s revenue for the quarter was down 9.9% on a year-over-year basis. On average, analysts expect that Citigroup will post $4.62 earnings per share for the current year.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the company’s 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 transaction, 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 Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of C. Evercore Wealth Management LLC increased its position in Citigroup by 120.4% in the second quarter. Evercore Wealth Management LLC now owns 5,962 shares of the financial services provider’s stock worth $253,000 after buying an additional 3,257 shares in the last quarter. Macquarie Group Ltd. increased its position in Citigroup by 34.2% in the second quarter. Macquarie Group Ltd. now owns 289,943 shares of the financial services provider’s stock worth $12,291,000 after buying an additional 73,916 shares in the last quarter. Springowl Associates LLC increased its position in Citigroup by 50.0% in the second quarter. Springowl Associates LLC now owns 30,000 shares of the financial services provider’s stock worth $1,272,000 after buying an additional 10,000 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Citigroup during the second quarter worth approximately $5,023,000. Finally, Kentucky Retirement Systems purchased a new position in Citigroup during the second quarter worth approximately $10,580,000. Institutional investors and hedge funds 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.
Receive News & Ratings for Citigroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.