Citigroup (NYSE:C) Upgraded to Hold at Wall Street Zen

Citigroup (NYSE:C - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Friday.

Several other research analysts have also recently issued reports on the stock. TD Cowen raised their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a report on Wednesday. Cowen assumed coverage on Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating for the company. Evercore ISI set a $77.00 price target on Citigroup in a research note on Monday, July 7th. Piper Sandler raised their price target on Citigroup from $84.00 to $104.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Wells Fargo & Company raised their price target on Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $96.46.

Citigroup Price Performance

Shares of C stock traded up $0.35 during trading on Friday, hitting $93.44. The company had a trading volume of 16,590,582 shares, compared to its average volume of 14,675,328. Citigroup has a 52 week low of $53.51 and a 52 week high of $93.80. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The stock's 50-day moving average is $80.43 and its two-hundred day moving average is $75.45. The stock has a market capitalization of $174.52 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 0.68 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business had revenue of $21.67 billion for the quarter, compared to analysts' expectations of $20.75 billion. During the same period last year, the business earned $1.52 earnings per share. The business's quarterly revenue was up 8.2% on a year-over-year basis. As a group, analysts predict that Citigroup will post 7.53 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Peter B. Henry sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, the director directly owned 2,140 shares of the company's stock, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director directly owned 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.

Institutional Trading of Citigroup

A number of large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after purchasing an additional 12,499 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Citigroup during the 4th quarter valued at approximately $274,000. Advisors Asset Management Inc. increased its position in shares of Citigroup by 0.5% during the 4th quarter. Advisors Asset Management Inc. now owns 62,159 shares of the company's stock valued at $4,375,000 after purchasing an additional 287 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Citigroup by 385.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 9,662 shares of the company's stock valued at $680,000 after purchasing an additional 7,673 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its position in shares of Citigroup by 1.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 803,772 shares of the company's stock valued at $56,578,000 after purchasing an additional 14,669 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

About Citigroup

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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