Citigroup Inc. (NYSE:C) had its price objective upped by Jefferies Group from $54.00 to $58.00 in a report released on Monday. Jefferies Group currently has a buy rating on the financial services provider’s stock.
Several other analysts have also issued reports on C. Deutsche Bank AG restated a hold rating on shares of Citigroup in a research note on Wednesday, June 15th. Zacks Investment Research lowered Citigroup from a hold rating to a sell rating in a research note on Tuesday, June 21st. Buckingham Research restated a buy rating on shares of Citigroup in a research note on Tuesday, June 21st. Vetr lowered Citigroup from a strong-buy rating to a buy rating and set a $48.04 target price on the stock. in a research note on Tuesday, June 21st. Finally, Oppenheimer Holdings Inc. restated an outperform rating and issued a $63.00 target price (down from $70.00) on shares of Citigroup in a research note on Wednesday, July 6th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $54.76.
Shares of Citigroup (NYSE:C) opened at 48.47 on Monday. The firm has a market capitalization of $140.82 billion, a price-to-earnings ratio of 10.26 and a beta of 1.86. Citigroup has a 1-year low of $34.52 and a 1-year high of $56.46. The company has a 50-day moving average price of $47.43 and a 200 day moving average price of $45.01.
Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $17.47 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The business’s revenue was down 9.9% on a year-over-year basis. On average, equities research 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 transaction, the insider now owns 35,042 shares of the company’s stock, valued at approximately $1,554,112.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in C. 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 increased its stake in shares of Citigroup by 57.1% in the second quarter. Cedar Wealth Management LLC now owns 2,613 shares of the financial services provider’s stock valued at $111,000 after buying an additional 950 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Citigroup during the second quarter valued at approximately $116,000. RPg Family Wealth Advisory LLC increased its stake in shares of 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 valued at $122,000 after buying an additional 1,426 shares in the last quarter. Finally, First Personal Financial Services increased its stake in shares of Citigroup by 160.3% in the second quarter. First Personal Financial Services now owns 3,361 shares of the financial services provider’s stock valued at $143,000 after buying an additional 2,070 shares in the last quarter. 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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