Citigroup Inc. (NYSE: C) Thursday – The Stock Is Down -10.68% Since The Lows, What Comes Next? – Marketing Sentinel
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Citigroup Inc. (NYSE: C) Thursday – The Stock Is Down -10.68% Since The Lows, What Comes Next?

Citigroup Inc. (NYSE:C)’s traded shares stood at 4.76 million during the latest session, with the company’s beta value hitting 1.87. At the last check today, the stock’s price was $72.54, to imply an increase of 0.48% or $0.35 in intraday trading. The C share’s 52-week high remains $80.29, putting it -10.68% down since that peak but still an impressive 44.18% since price per share fell to its 52-week low of $40.49. The company has a valuation of $144.26B, with an average of 18.27 million shares in intraday trading volume over the past 10 days and average of 18.59 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Citigroup Inc. (C), translating to a mean rating of 2.10. Of 26 analyst(s) looking at the stock, 0 analyst(s) give C a Sell rating. 2 of those analysts rate the stock as Overweight while 8 advise Hold as 16 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $1.8.

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Citigroup Inc. (NYSE:C) trade information

After registering a 0.48% upside in the latest session, Citigroup Inc. (C) has traded red over the past five days. The stock hit a weekly high of 73.35 this Thursday, 10/07/21, jumping 0.48% in its intraday price action. The 5-day price performance for the stock is 2.86%, and 3.07% over 30 days. With these gigs, the year-to-date price performance is 17.08%. Short interest in Citigroup Inc. (NYSE:C) saw shorts transact 37.44 million shares and set a 2.35 days time to cover.

Analysts on Wall Street suggest a consensus price target of $83.83, implying an increase of 13.47% to the stock’s recent value. The extremes give us $66.00 and $112.00 for target low and target high price respectively. As such, C has been trading -54.4% off suggested target high and 9.02% from its likely low.

Citigroup Inc. (C) estimates and forecasts

Looking at statistics comparing Citigroup Inc. share performance against respective industry, we note that the company has outperformed competitors. Citigroup Inc. (C) shares are -0.32% down over the last 6 months, with its year-to-date growth rate higher than industry average at 103.69% against 37.00%. Revenue is forecast to grow 28.60% this quarter before falling -19.20% for the next one. The rating firms project that company’s revenue will shrink -4.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 15 analysts is $17.08 billion. Meanwhile, for the quarter ending Dec 2021, a total of 15 analyst(s) estimate revenue growth to $16.91 billion.Earnings reports from the last fiscal year show that sales brought in $17.22 billion and $16.5 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -0.80% before jumping 2.50% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -2.70% for the past 5-year period. While 2021 is set for a -41.10% return in earnings, projections for the next 5 years are at 28.35% annually.

C Dividends

Citigroup Inc. has its next earnings report out on October 14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Citigroup Inc. has a forward dividend ratio of 2.04, with the share yield ticking at 2.83% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.34%.

Citigroup Inc. (NYSE:C)’s Major holders

Citigroup Inc. insiders hold 0.23% of total outstanding shares, with institutional holders owning 78.35% of the shares at 78.53% float percentage. In total, 78.35% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Jun 29, 2021, the company held over 169.88 million shares (or 8.38% of shares), all amounting to roughly $12.02 billion.

The next major institution holding the largest number of shares is Blackrock Inc. with 159.96 million shares, or about 7.89% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $11.32 billion.

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We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Citigroup Inc. (C) shares. Going by data provided on Jun 29, 2021, Vanguard Total Stock Market Index Fund holds roughly 58.38 million shares. This is just over 2.88% of the total shares, with a market valuation of $4.13 billion. Data from the same date shows that the other fund manager holds a little less at 42.92 million, or 2.12% of the shares, all valued at about 3.04 billion.

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