Vetr lowered shares of Citigroup Inc. (NYSE:C) from a hold rating to a sell rating in a report issued on Tuesday. The brokerage currently has $47.03 target price on the financial services provider’s stock.
Several other equities analysts have also issued reports on the stock. Credit Suisse Group AG reissued a buy rating on shares of Citigroup in a report on Saturday, July 9th. Jefferies Group reaffirmed a buy rating on shares of Citigroup in a research note on Sunday, July 10th. Deutsche Bank AG reaffirmed a hold rating on shares of Citigroup in a research note on Sunday, June 26th. Compass Point assumed coverage on shares of Citigroup in a research note on Tuesday. They issued a sell rating and a $39.00 target price for the company. Finally, Argus reaffirmed a hold rating on shares of Citigroup in a research note on Monday, July 18th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $54.76.
Citigroup (NYSE:C) opened at 48.99 on Tuesday. Citigroup has a one year low of $34.52 and a one year high of $56.46. The stock has a market cap of $142.33 billion, a P/E ratio of 10.37 and a beta of 1.86. The company has a 50-day moving average price of $47.32 and a 200-day moving average price of $44.96.
Citigroup (NYSE:C) last issued its earnings results on Friday, July 15th. The financial services provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.10 by $0.14. The company earned $17.55 billion during the quarter, compared to analysts’ expectations of $17.47 billion. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. On average, analysts anticipate that Citigroup will post $4.61 earnings per share for the current year.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $1,554,112.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. City Holding Co. raised its stake in shares of Citigroup by 26.6% in the third quarter. City Holding Co. now owns 2,305 shares of the financial services provider’s stock worth $109,000 after buying an additional 485 shares in the last quarter. 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 worth $111,000 after buying an additional 950 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of Citigroup during the second quarter worth $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 in the last quarter. Finally, 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 in the last quarter. Institutional investors and hedge funds own 71.41% of the company’s stock.
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.