In the latest trading session, 3.53 million Citigroup Inc (NYSE:C) shares changed hands as the company’s beta touched 1.43. With the company’s most recent per share price at $61.56 changed hands at -$1.04 or -1.67% at last look, the market valuation stands at $117.43B. C’s current price is a discount, trading about -10.15% off its 52-week high of $67.81. The share price had its 52-week low at $38.17, which suggests the last value was 38.0% up since then. When we look at Citigroup Inc’s average trading volume, we note the 10-day average is 13.31 million shares, with the 3-month average coming to 13.49 million.
Analysts gave the Citigroup Inc (C) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.71. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended C as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. Citigroup Inc’s EPS for the current quarter is expected to be 1.32.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Citigroup Inc (NYSE:C) trade information
Instantly C was in red as seen in intraday trades today. With action 0.30%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 19.66%, with the 5-day performance at 0.30% in the green. However, in the 30-day time frame, Citigroup Inc (NYSE:C) is -1.73% down. Looking at the short shares, we see there were 39.16 million shares sold at short interest cover period of 3.34 days.
The consensus price target for the stock as assigned by Wall Street analysts is 69.25, meaning bulls need an upside of 11.1% from its recent market value. According to analyst projections, C’s forecast low is 50 with 90 as the target high. To hit the forecast high, the stock’s price needs a -46.2% plunge from its current level, while the stock would need to tank 18.78% for it to hit the projected low.
Citigroup Inc (C) estimates and forecasts
Data shows that the Citigroup Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -2.04% over the past 6 months, a -4.14% in annual growth rate that is considerably lower than the industry average of -3.70%. Year-over-year growth is forecast to reach 11.20% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 19.83B. 11 analysts are of the opinion that Citigroup Inc’s revenue for the current quarter will be 19.44B. The company’s revenue for the corresponding quarters a year ago was 20.14B and 16.07B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.50%. The estimates for the next quarter sales put growth at 20.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -9.56%. The 2024 estimates are for Citigroup Inc earnings to increase by 39.67%, but the outlook for the next 5-year period is at 10.00% per year.
C Dividends
Citigroup Inc is expected to release its next quarterly earnings report on 2024-Oct-15. The 3.49% annual yield figure for the share gives it an annual dividend of 2.15. It is important to note, however, that the 3.49% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.75 per year.
Citigroup Inc (NYSE:C)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.09% of Citigroup Inc shares while 72.46% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 74.78%. There are 72.46% institutions holding the Citigroup Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.7896% of the shares, roughly 167.92 million C shares worth $10.66 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.3528% or 159.57 million shares worth $10.13 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 57.21 shares estimated at $3.52 billion under it, the former controlled 3.00% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.57% of the shares, roughly 48.96 shares worth around $3.01 billion.
