Citigroup Inc. (NYSE:C) shot up 3% on Thursday . The stock traded as high as $44.73 and last traded at $44.61, with a volume of 18,068,493 shares trading hands. The stock had previously closed at $43.33.

Several brokerages have recently weighed in on C. Vetr downgraded shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $47.21 target price on the stock. in a research note on Monday, July 11th. Deutsche Bank AG reissued a “hold” rating on shares of Citigroup in a research note on Wednesday, June 15th. Keefe, Bruyette & Woods downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $51.00 target price on the stock. in a research note on Monday, April 18th. Jefferies Group reissued a “buy” rating on shares of Citigroup in a research note on Sunday, July 10th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $63.00 target price (down previously from $70.00) on shares of Citigroup in a research note on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $56.16.

The stock’s 50 day moving average price is $43.28 and its 200-day moving average price is $43.20. The company has a market cap of $130.11 billion and a PE ratio of 8.86.

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, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.14. During the same period in the previous year, the company posted $1.45 earnings per share. The firm earned $17.55 billion during the quarter, compared to analyst estimates of $17.47 billion. Citigroup’s revenue was down 9.9% compared to the same quarter last year. Equities analysts expect that Citigroup Inc. will post $4.50 earnings per share for the current fiscal year.

In other news, insider W. Bradford Hu sold 9,528 shares of the stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of $45.83, for a total value of $436,668.24. Following the completion of the sale, the insider now directly owns 53,282 shares of the company’s stock, valued at $2,441,914.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Citigroup by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 163,849,049 shares of the financial services provider’s stock valued at $8,479,189,000 after buying an additional 1,959,695 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Citigroup by 1.4% in the fourth quarter. OppenheimerFunds Inc. now owns 26,548,526 shares of the financial services provider’s stock valued at $1,373,927,000 after buying an additional 355,305 shares during the last quarter. Boston Partners increased its stake in Citigroup by 0.7% in the fourth quarter. Boston Partners now owns 23,353,102 shares of the financial services provider’s stock valued at $1,208,523,000 after buying an additional 172,279 shares during the last quarter. Standard Life Investments LTD increased its stake in Citigroup by 4.6% in the fourth quarter. Standard Life Investments LTD now owns 16,475,624 shares of the financial services provider’s stock valued at $852,696,000 after buying an additional 731,328 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Citigroup by 89.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 14,817,113 shares of the financial services provider’s stock valued at $393,357,000 after buying an additional 7,013,858 shares during the last quarter.

Citigroup Inc (Citi) is a financial services holding company, whose businesses provide consumers, corporations, governments and institutions with 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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