Citigroup Inc. (C) Now Covered by Compass Point
Stock analysts at Compass Point began coverage on shares of Citigroup Inc. (NYSE:C) in a report issued on Tuesday, The Fly reports. The firm set a “sell” rating on the financial services provider’s stock.
Other equities analysts also recently issued research reports about the company. Jefferies Group reiterated a “buy” rating on shares of Citigroup in a report on Sunday, July 10th. Deutsche Bank AG reiterated a “hold” rating on shares of Citigroup in a report on Sunday, June 26th. Credit Suisse Group AG reiterated a “buy” rating on shares of Citigroup in a report on Saturday, July 9th. Vetr upgraded Citigroup from a “buy” rating to a “strong-buy” rating and set a $47.21 price target on the stock in a report on Tuesday, July 5th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $66.00 price target (up previously from $63.00) on shares of Citigroup in a report on Monday, July 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $55.52.
Citigroup (NYSE:C) opened at 49.41 on Tuesday. The stock has a market capitalization of $143.55 billion, a P/E ratio of 10.46 and a beta of 1.86. Citigroup has a 52 week low of $34.52 and a 52 week high of $56.46. The stock has a 50 day moving average of $47.26 and a 200 day moving average of $44.93.
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Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.14. The firm had revenue of $17.55 billion for the quarter, compared to analyst estimates of $17.47 billion. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.45 earnings per share. On average, equities research analysts predict that Citigroup will post $4.61 earnings per share for the current fiscal year.
In other news, insider Joseph Michael Murray sold 8,122 shares of the business’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total transaction of $360,210.70. Following the completion of the transaction, the insider now directly owns 35,042 shares in the company, valued at approximately $1,554,112.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Cedar Wealth Management LLC raised its position in Citigroup by 57.1% in the second quarter. Cedar Wealth Management LLC now owns 2,613 shares of the financial services provider’s stock valued at $111,000 after buying an additional 950 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in Citigroup during the second quarter valued at about $116,000. RPg Family Wealth Advisory LLC raised its position in Citigroup by 95.1% in the first quarter. RPg Family Wealth Advisory LLC now owns 2,926 shares of the financial services provider’s stock valued at $122,000 after buying an additional 1,426 shares during the last quarter. First Personal Financial Services raised its position in Citigroup by 160.3% in the second quarter. First Personal Financial Services now owns 3,361 shares of the financial services provider’s stock valued at $143,000 after buying an additional 2,070 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. bought a new position in Citigroup during the second quarter valued at about $155,000. Institutional investors own 71.41% of the company’s stock.
Citigroup Inc (Citi) is a financial services holding company. The Company’s 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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