Citigroup Inc (NYSE:C) Director Gary M. Reiner sold 485 shares of the business’s stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $102.74, for a total transaction of $49,828.90. Following the sale, the director now directly owns 4,462 shares of the company’s stock, valued at approximately $458,425.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
C stock opened at $43.19 on Friday. Citigroup Inc has a 52-week low of $32.00 and a 52-week high of $83.11. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.60. The stock has a market cap of $89.92 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 1.24 and a beta of 1.78. The business has a fifty day moving average of $46.81 and a two-hundred day moving average of $48.19.
Citigroup (NYSE:C) last issued its quarterly earnings data on Monday, October 19th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.39. Citigroup had a return on equity of 7.40% and a net margin of 13.64%. The firm had revenue of $17.30 billion during the quarter, compared to the consensus estimate of $17.18 billion. During the same period last year, the company earned $1.97 EPS. The company’s quarterly revenue was down 6.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Citigroup Inc will post 3.52 EPS for the current year.
Several research firms recently issued reports on C. JPMorgan Chase & Co. cut Citigroup from an “overweight” rating to a “neutral” rating and set a $57.50 price objective on the stock. in a report on Thursday, October 8th. Wells Fargo & Company dropped their price target on Citigroup from $72.00 to $66.00 and set an “overweight” rating for the company in a research report on Tuesday, September 15th. They noted that the move was a valuation call. DZ Bank downgraded Citigroup from a “buy” rating to a “hold” rating and set a $45.00 price objective for the company. in a research note on Thursday. Bank of America lifted their target price on shares of Citigroup from $73.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Berenberg Bank increased their target price on shares of Citigroup from $50.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.40.
Several institutional investors and hedge funds have recently made changes to their positions in C. IBM Retirement Fund raised its position in Citigroup by 36.3% in the third quarter. IBM Retirement Fund now owns 71,402 shares of the financial services provider’s stock valued at $3,078,000 after purchasing an additional 19,035 shares during the period. Quattro Financial Advisors LLC grew its stake in shares of Citigroup by 126.8% in the third quarter. Quattro Financial Advisors LLC now owns 107,492 shares of the financial services provider’s stock valued at $4,630,000 after buying an additional 60,094 shares in the last quarter. Highland Capital Management LLC raised its holdings in shares of Citigroup by 3.5% in the 3rd quarter. Highland Capital Management LLC now owns 263,563 shares of the financial services provider’s stock valued at $11,362,000 after buying an additional 8,980 shares during the period. Busey Wealth Management raised its holdings in shares of Citigroup by 0.9% in the 3rd quarter. Busey Wealth Management now owns 144,866 shares of the financial services provider’s stock valued at $6,245,000 after buying an additional 1,252 shares during the period. Finally, Bridge Creek Capital Management LLC lifted its stake in Citigroup by 9.4% during the 3rd quarter. Bridge Creek Capital Management LLC now owns 55,717 shares of the financial services provider’s stock worth $2,402,000 after acquiring an additional 4,765 shares in the last quarter. Institutional investors and hedge funds own 75.57% of the company’s stock.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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