Vetr lowered shares of Citigroup Inc. (NYSE:C) from a hold rating to a sell rating in a report issued on Tuesday morning. They currently have $47.03 price objective on the financial services provider’s stock.
Other equities research analysts also recently issued reports about the stock. Jefferies Group reiterated a buy rating on shares of Citigroup in a research note on Sunday, July 10th. Credit Suisse Group AG reiterated a buy rating on shares of Citigroup in a research note on Saturday, July 9th. Deutsche Bank AG reiterated a hold rating on shares of Citigroup in a research note on Sunday, June 26th. Argus reiterated a hold rating on shares of Citigroup in a research note on Monday, July 18th. Finally, BMO Capital Markets reiterated a buy rating and set a $66.00 price objective (up from $63.00) on shares of Citigroup in a research note on Monday, July 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $54.76.
Citigroup (NYSE:C) opened at 48.61 on Tuesday. Citigroup has a 12-month low of $34.52 and a 12-month high of $56.46. The stock has a market capitalization of $141.23 billion, a price-to-earnings ratio of 10.29 and a beta of 1.86. The firm has a 50-day moving average of $47.49 and a 200 day moving average of $45.05.
Citigroup (NYSE:C) last released its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.08. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The company earned $17.80 billion during the quarter, compared to the consensus estimate of $17.32 billion. During the same period in the previous year, the firm earned $1.31 earnings per share. Citigroup’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts predict that Citigroup will post $4.61 earnings per share for the current fiscal year.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the company’s stock in a transaction dated Wednesday, July 20th. The shares were 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 approximately $1,554,112.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Emerald Acquisition Ltd. acquired a new stake in shares of Citigroup during the second quarter worth $500,315,000. Vanguard Group Inc. raised its stake in 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 in the last quarter. Massachusetts Financial Services Co. MA raised its stake in 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 in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Citigroup during the first quarter worth approximately $199,573,000. Finally, TIAA CREF Investment Management LLC raised its stake in 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 in the last quarter. 71.41% of the stock is owned by 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.
To view Vetr’s full report, visit Vetr’s official website.
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