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Citigroup Inc (NYSE:C): Buy, Sell Or Hold At $53.99?

In recent trading session, Citigroup Inc (NYSE:C) saw 2.32 million shares changing hands at last check today with its beta currently measuring 1.51. Company’s recent per share price level of $53.99 trading at -$0.3 or -0.55% at last check today assigns it a market valuation of $103.33B. That most recent trading price of C’s stock is at a discount of -7.33% from its 52-week high price of $57.95 and is indicating a premium of 29.3% from its 52-week low price of $38.17. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 19.38 million shares which gives us an average trading volume of 18.82 million if we extend that period to 3-months.

Citigroup Inc (NYSE:C) trade information

Upright in the red during last session for losing -0.55%, in the last five days C remained trading in the red while hitting it’s week-highest on Monday, 02/05/24 when the stock touched $53.99 price level, adding 2.09% to its value on the day. Citigroup Inc’s shares saw a change of 4.96% in year-to-date performance and have moved -2.79% in past 5-day. Citigroup Inc (NYSE:C) showed a performance of 1.83% in past 30-days. Number of shares sold short was 31.52 million shares which calculate 1.49 days to cover the short interests.

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Citigroup Inc (C) estimates and forecasts

Statistics highlight that Citigroup Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 21.76% of value to its shares in past 6 months, showing an annual growth rate of -1.66% while that of industry is -6.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -27.90% in the current quarter and calculating 9.00% increase in the next quarter. This year revenue growth is estimated to rise 1.90% from the last financial year’s standing.

13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $20.54 billion for the same. And 13 analysts are in estimates of company making revenue of $19.95 billion in the next quarter that will end on Jun 2024. Company posted $19.99 billion and $19.44 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 2.80% while estimating it to be 2.70% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -9.28% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 44.96% while estimates for its earnings growth in next 5 years are of 1.20%.

C Dividends

Citigroup Inc is more likely to be releasing its next quarterly report on April 12 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Citigroup Inc (NYSE:C)’s Major holders

Insiders are in possession of 3.15% of company’s total shares while institution are holding 69.87 percent of that, with stock having share float percentage of 72.14%. Investors also watch the number of corporate investors in a company very closely, which is 69.87% institutions for Citigroup Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at C for having 170.04 million shares of worth $7.83 billion. And as of Jun 29, 2023, it was holding 8.73% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 163.34 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 8.39% of outstanding shares, having a total worth of $7.52 billion.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 57.64 million shares of worth $2.65 billion or 2.96% of the total outstanding shares. The later fund manager was in possession of 46.35 million shares on Jun 29, 2023, making its stake of worth around $2.13 billion in the company or a holder of 2.38% of company’s stock.

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