Equities researchers at Raymond James Financial, Inc. started coverage on shares of Citigroup Inc. (NYSE:C) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.
C has been the topic of several other reports. Atlantic Securities reiterated an “overweight” rating and set a $85.00 target price (up from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Bank of America Corporation restated a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Zacks Investment Research upgraded Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 7th. Vetr upgraded Citigroup from a “buy” rating to a “strong-buy” rating and set a $76.34 price objective on the stock in a report on Thursday, August 3rd. Finally, BMO Capital Markets restated a “hold” rating and set a $65.00 price objective on shares of Citigroup in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Citigroup currently has a consensus rating of “Buy” and an average price target of $74.77.
Shares of Citigroup (NYSE:C) traded down 0.26% during mid-day trading on Tuesday, reaching $73.59. 1,987,611 shares of the company’s stock were exchanged. The stock has a market cap of $194.57 billion, a price-to-earnings ratio of 14.20 and a beta of 1.45. Citigroup has a 52 week low of $47.70 and a 52 week high of $76.14. The stock has a 50 day moving average price of $72.49 and a 200 day moving average price of $66.53.
Citigroup (NYSE:C) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business posted $1.24 EPS. Equities research analysts predict that Citigroup will post $5.32 EPS for the current year.
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In other Citigroup news, CEO Francisco Aristeguieta sold 40,000 shares of Citigroup 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey R. Walsh sold 5,000 shares of Citigroup stock in a transaction on Friday, August 4th. The shares were sold at an average price of $68.97, for a total value of $344,850.00. Following the sale, 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 owned by insiders.
A number of institutional investors have recently made changes to their positions in C. Catamount Wealth Management bought a new stake in shares of Citigroup in the 2nd quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Citigroup by 206.0% in 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 buying an additional 1,030 shares in the last quarter. Patten Group Inc. raised its stake in shares of Citigroup by 6.6% in the 1st quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after buying an additional 110 shares in the last quarter. Dubuque Bank & Trust Co. raised its stake in shares of Citigroup by 60.8% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after buying an additional 599 shares in the last quarter. Finally, Balentine LLC raised its stake in shares of Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares in the last quarter. 72.31% of the stock is currently owned by hedge funds and other 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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