Shares of Citigroup Inc. (NYSE:C) have been assigned an average rating of “Buy” from the thirty research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, fourteen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $73.89.
Several analysts have commented on C shares. Bank of America Corporation reaffirmed a “neutral” rating on shares of Citigroup in a research note on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating and set a $76.00 price objective (up from $70.00) on shares of Citigroup in a research note on Wednesday, July 26th. BidaskClub downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Citigroup in a research note on Monday, July 3rd.
Citigroup (NYSE C) traded down 3.43% during mid-day trading on Friday, reaching $72.37. The company had a trading volume of 40,163,827 shares. Citigroup has a 12 month low of $47.54 and a 12 month high of $76.14. The firm’s 50 day moving average price is $70.52 and its 200-day moving average price is $65.19. The company has a market capitalization of $197.18 billion, a price-to-earnings ratio of 14.49 and a beta of 1.45.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The firm had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.32% and a net margin of 18.11%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 EPS. Equities research analysts anticipate that Citigroup will post $5.21 earnings per share for the current year.
Citigroup announced that its Board of Directors has approved a share repurchase plan on Wednesday, June 28th that authorizes the company to buyback $15.60 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 8.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
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In other Citigroup news, CEO Francisco Aristeguieta sold 40,000 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $67.55, for a total transaction of $2,702,000.00. Following the transaction, the chief executive officer now owns 77,570 shares of the company’s stock, valued at approximately $5,239,853.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey R. Walsh sold 5,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $68.97, for a total value of $344,850.00. Following the transaction, the insider now directly owns 56,394 shares in the company, valued at approximately $3,889,494.18. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of C. Catamount Wealth Management purchased a new position in shares of Citigroup during the 2nd quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares during the period. Patten Group Inc. lifted its stake in shares of Citigroup by 6.6% during the 1st quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 110 shares during the period. Dubuque Bank & Trust Co. lifted its stake in shares of Citigroup by 60.8% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 599 shares during the period. Finally, Balentine LLC lifted its stake in shares of Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares during the period. 75.37% of the stock is currently owned by institutional investors.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose 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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