Citigroup Inc. (C) Trading Up 3%
Shares of Citigroup Inc. (NYSE:C) were 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 changing hands. The stock had previously closed at $43.33.
Several analysts have recently weighed in on C shares. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $63.00 price objective (down previously from $70.00) on shares of Citigroup in a research report on Wednesday, July 6th. Vetr lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $48.04 target price on the stock. in a report on Monday, June 27th. Wells Fargo & Co. lowered shares of Citigroup from an “outperform” rating to a “market perform” rating in a report on Friday, July 8th. Nomura Holdings Inc. reduced their target price on shares of Citigroup from $64.00 to $62.00 in a report on Monday, March 21st. Finally, Buckingham Research reaffirmed a “buy” rating on shares of Citigroup in a report on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $56.16.
The company has a market capitalization of $130.46 billion and a PE ratio of 8.88. The company has a 50 day moving average price of $43.41 and a 200 day moving average price of $43.25.
Citigroup (NYSE:C) last released its earnings results on Friday, April 15th. The financial services provider reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.07. The business had revenue of $17.60 billion for the quarter. During the same quarter in the previous year, the business earned $1.52 EPS. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. Equities research analysts anticipate that Citigroup Inc. will post $4.50 EPS for the current fiscal year.
In other news, insider W. Bradford Hu sold 9,528 shares of the firm’s stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $45.83, for a total value of $436,668.24. Following the transaction, the insider now directly owns 53,282 shares in the company, valued at approximately $2,441,914.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Several institutional investors have recently added to or reduced their stakes in C. Davis Rea LTD. increased its position in Citigroup by 32.0% in the fourth quarter. Davis Rea LTD. now owns 21,670 shares of the financial services provider’s stock worth $1,121,000 after buying an additional 5,255 shares during the period. BHF Kleinwort Benson Group S.A. purchased a new position in Citigroup during the fourth quarter worth approximately $1,211,000. New Jersey Better Educational Savings Trust increased its position in Citigroup by 9.1% in the fourth quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the financial services provider’s stock worth $1,242,000 after buying an additional 2,000 shares during the period. Whalerock Point Partners LLC increased its position in Citigroup by 17.1% in the fourth quarter. Whalerock Point Partners LLC now owns 24,327 shares of the financial services provider’s stock worth $1,258,000 after buying an additional 3,560 shares during the period. Finally, Carret Asset Management LLC increased its position in Citigroup by 6.4% in the fourth quarter. Carret Asset Management LLC now owns 24,784 shares of the financial services provider’s stock worth $1,283,000 after buying an additional 1,491 shares during the period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.