Citigroup Inc. (C) Stock Rating Reaffirmed by Argus
Citigroup Inc. (NYSE:C)‘s stock had its “hold” rating reaffirmed by equities researchers at Argus in a report released on Tuesday.
Several other research analysts have also recently commented on the stock. Credit Suisse Group AG reiterated a “buy” rating on shares of Citigroup in a report on Saturday, July 9th. Jefferies Group reissued a “buy” rating on shares of Citigroup in a research report on Sunday, July 10th. Deutsche Bank AG reissued a “hold” rating on shares of Citigroup in a research report on Sunday, June 26th. Vetr raised shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $47.21 price target for the company in a research report on Tuesday, July 5th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $66.00 price target (up from $63.00) on shares of Citigroup in a research report on Monday, July 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company. Citigroup has an average rating of “Buy” and an average target price of $54.76.
Citigroup (NYSE:C) traded up 0.833% on Tuesday, reaching $49.005. The company’s stock had a trading volume of 10,973,117 shares. Citigroup has a one year low of $34.52 and a one year high of $56.46. The company has a market capitalization of $142.38 billion, a PE ratio of 10.371 and a beta of 1.86. The firm has a 50-day moving average of $47.53 and a 200-day moving average of $45.15.
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Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.08. Citigroup had a net margin of 17.58% and a return on equity of 7.04%. The company earned $17.80 billion during the quarter, compared to analyst estimates of $17.32 billion. During the same quarter last year, the firm posted $1.31 EPS. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. Analysts predict that Citigroup will post $4.61 EPS for the current year.
In other Citigroup 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 sale, the insider now directly owns 35,042 shares of the company’s stock, valued at approximately $1,554,112.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.
A number of hedge funds have recently made changes to their positions in C. Capital Investment Advisors LLC boosted its stake in shares of Citigroup by 138.3% in the third quarter. Capital Investment Advisors LLC now owns 41,306 shares of the financial services provider’s stock valued at $1,951,000 after buying an additional 23,973 shares in the last quarter. Tesco Pension Investment Ltd bought a new position in Citigroup during the third quarter valued at about $138,532,000. Gemmer Asset Management LLC raised its position in Citigroup by 3.2% in the third quarter. Gemmer Asset Management LLC now owns 2,234 shares of the financial services provider’s stock valued at $106,000 after buying an additional 69 shares during the last quarter. Webster Bank N. A. raised its position in Citigroup by 6.9% in the third quarter. Webster Bank N. A. now owns 10,723 shares of the financial services provider’s stock valued at $506,000 after buying an additional 693 shares during the last quarter. Finally, Pennsylvania Trust Co raised its position in Citigroup by 7.1% in the third quarter. Pennsylvania Trust Co now owns 9,912 shares of the financial services provider’s stock valued at $468,000 after buying an additional 654 shares during the last quarter. 71.26% of the stock is owned by hedge funds and other institutional investors.
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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