During the recent session, Citigroup Inc (NYSE:C)’s traded shares were 6.09 million, with the beta value of the company hitting 1.44. At the last check today, the stock’s price was $61.81, reflecting an intraday gain of 3.20% or $1.91. The 52-week high for the C share is $67.81, that puts it down -9.71 from that peak though still a striking 38.25% gain since the share price plummeted to a 52-week low of $38.17. The company’s market capitalization is $117.93B, and the average intraday trading volume over the past 10 days was 14.07 million shares, and the average trade volume was 13.53 million shares over the past three months.
Citigroup Inc (C) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.76. C has a Sell rating from 0 analyst(s) out of 15 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.33.
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Citigroup Inc (NYSE:C) trade information
Citigroup Inc (C) registered a 3.20% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.20% in intraday trading to $61.81, hitting a weekly high. The stock’s 5-day price performance is 7.82%, and it has moved by 0.82% in 30 days. Based on these gigs, the overall price performance for the year is 44.83%. The short interest in Citigroup Inc (NYSE:C) is 37.85 million shares and it means that shorts have 2.79 day(s) to cover.
The consensus price target of analysts on Wall Street is $69.25, which implies an increase of 10.74% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $50 and $90 respectively. As a result, C is trading at a discount of -45.61% off the target high and 19.11% off the low.
Citigroup Inc (C) estimates and forecasts
Statistics show that Citigroup Inc has underperformed its competitors in share price, compared to the industry in which it operates. Citigroup Inc (C) shares have gone up 2.80% during the last six months, with a year-to-date growth rate less than the industry average at -4.30% against -3.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -18.40% this quarter and then jump 58.40% in the quarter after that. In the rating firms’ projections, revenue will increase 11.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 19.86B as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 19.47B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 20.14B and 16.07B respectively. In this case, analysts expect current quarter sales to shrink by -1.40% and then jump by 21.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -9.56%. While earnings are projected to return 40.34% in 2024, the next five years will return 10.00% per annum.
C Dividends
Citigroup Inc is due to release its next quarterly earnings on 2024-Oct-15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Citigroup Inc is 2.15, with the dividend yield indicating at 3.48 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.74%.
Citigroup Inc (NYSE:C)’s Major holders
Citigroup Inc insiders own 3.09% of total outstanding shares while institutional holders control 72.55%, with the float percentage being 74.86%. VANGUARD GROUP INC is the largest shareholder of the company, while 2366.0 institutions own stock in it. As of 2024-06-30, the company held over 167.92 million shares (or 8.7896% of all shares), a total value of $10.66 billion in shares.
The next largest institutional holding, with 159.57 million shares, is of BLACKROCK INC.’s that is approximately 8.3528% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.13 billion.
