Citigroup CFO Unloads $97,100 in Stock (C)
Citigroup (NYSE:C) CFO John C. Gerspach sold 2,000 shares of Citigroup stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $48.55, for a total transaction of $97,100.00. Following the sale, the chief financial officer now directly owns 218,004 shares in the company, valued at approximately $10,584,094. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at S&P Equity Research reiterated a “hold” rating on shares of Citigroup in a research note on Tuesday, July 15th. Separately, analysts at Oppenheimer raised their price target on shares of Citigroup from $67.00 to $68.00 in a research note on Tuesday, July 15th. They now have an “outperform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Citigroup in a research note on Tuesday, July 8th. They set a “market perform” rating and a $52.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Citigroup has an average rating of “Buy” and a consensus target price of $58.71.
Citigroup (NYSE:C) traded up 1.62% during mid-day trading on Monday, hitting $49.51. The stock had a trading volume of 13,204,359 shares. Citigroup has a 52 week low of $45.18 and a 52 week high of $55.28. The stock’s 50-day moving average is $48.58 and its 200-day moving average is $48.16. The company has a market cap of $150.1 billion and a P/E ratio of 16.03. Citigroup also was the recipient of unusually large options trading on Friday. Stock investors purchased 48,226 call options on the stock. This is an increase of 110% compared to the average daily volume of 22,925 call options.
Citigroup (NYSE:C) last issued its quarterly earnings data on Monday, July 14th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.10 by $0.14. The company had revenue of $19.38 billion for the quarter, compared to the consensus estimate of $18.94 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. Analysts expect that Citigroup will post $3.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 22nd. Investors of record on Monday, August 4th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.08%. The ex-dividend date is Thursday, July 31st.
Citigroup Inc (NYSE:C) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.
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