Citigroup Inc. (C) Price Target Raised to $58.00 at Jefferies Group
Citigroup Inc. (NYSE:C) had its price target lifted by Jefferies Group from $54.00 to $58.00 in a research report sent to investors on Monday. Jefferies Group currently has a buy rating on the financial services provider’s stock.
A number of other equities analysts have also weighed in on C. Credit Suisse Group AG reiterated a buy rating on shares of Citigroup in a research report on Saturday, July 9th. Deutsche Bank AG reiterated a hold rating on shares of Citigroup in a research report on Sunday, June 26th. Vetr lowered shares of Citigroup from a strong-buy rating to a buy rating and set a $47.21 price target for the company. in a research report on Monday, July 11th. Barclays PLC reiterated a buy rating on shares of Citigroup in a research report on Monday, July 18th. Finally, Argus reiterated a hold rating on shares of Citigroup in a research report on Monday, July 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Citigroup presently has an average rating of Buy and a consensus price target of $55.52.
Shares of Citigroup (NYSE:C) traded down 0.22% during trading on Monday, reaching $49.44. 3,932,633 shares of the company were exchanged. The company has a market capitalization of $143.64 billion, a price-to-earnings ratio of 10.46 and a beta of 1.86. The stock’s 50 day moving average is $47.26 and its 200 day moving average is $44.93. Citigroup has a 1-year low of $34.52 and a 1-year high of $56.46.
Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.14. The business earned $17.55 billion during 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 was down 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 earnings per share. Equities analysts anticipate that Citigroup will post $4.61 earnings per share for the current 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 shares were sold at an average price of $44.35, for a total transaction of $360,210.70. Following the transaction, the insider now owns 35,042 shares of the company’s stock, valued at approximately $1,554,112.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.
A number of hedge funds have recently modified their holdings of C. Cedar Wealth Management LLC raised its stake in shares of 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 period. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Citigroup during the second quarter worth about $116,000. RPg Family Wealth Advisory LLC raised its stake in shares of 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 worth $122,000 after buying an additional 1,426 shares during the period. First Personal Financial Services raised its stake in shares of Citigroup by 160.3% in the second quarter. First Personal Financial Services now owns 3,361 shares of the financial services provider’s stock worth $143,000 after buying an additional 2,070 shares during the period. Finally, Winslow Evans & Crocker Inc. raised its stake in shares of Citigroup by 9.6% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,674 shares of the financial services provider’s stock worth $156,000 after buying an additional 321 shares during the period. Hedge funds and other institutional investors own 71.41% of the company’s stock.
Citigroup Company Profile
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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