Citigroup Inc. (NYSE:C - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $86.48 and last traded at $86.26, with a volume of 17083523 shares. The stock had previously closed at $85.12.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 price objective (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Royal Bank Of Canada decreased their price target on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Truist Financial lowered their price target on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Morgan Stanley increased their target price on shares of Citigroup from $94.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Cowen began coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $85.43.
Get Our Latest Analysis on Citigroup
Citigroup Stock Performance
The stock has a market cap of $165.61 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 0.67 and a beta of 1.34. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The firm has a fifty day simple moving average of $75.81 and a 200-day simple moving average of $73.92.
Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The company had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director owned 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.08% of the company's stock.
Hedge Funds Weigh In On Citigroup
Several large investors have recently bought and sold shares of the business. True Wealth Design LLC grew its position in shares of Citigroup by 11.1% during the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after buying an additional 119 shares during the period. Continuum Advisory LLC raised its position in shares of Citigroup by 1.9% in the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after acquiring an additional 120 shares during the period. Blake Schutter Theil Wealth Advisors LLC boosted its stake in Citigroup by 1.6% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock worth $608,000 after acquiring an additional 135 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Citigroup by 3.4% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock valued at $289,000 after purchasing an additional 137 shares during the period. Finally, Rakuten Securities Inc. increased its stake in Citigroup by 2.4% in the fourth quarter. Rakuten Securities Inc. now owns 5,953 shares of the company's stock valued at $419,000 after purchasing an additional 139 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.
About Citigroup
(
Get Free Report)
Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.
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