In the last trading session, 8.61 million Citigroup Inc (NYSE:C) shares changed hands as the company’s beta touched 1.43. With the company’s per share price at $70.87 changed hands at $0.71 or 1.01% during last session, the market valuation stood at $135.39B. C’s last price was a discount, traded about -0.45% off its 52-week high of $71.19. The share price had its 52-week low at $44.56, which suggests the last value was 37.12% up since then. When we look at Citigroup Inc’s average trading volume, we note the 10-day average is 12.94 million shares, with the 3-month average coming to 13.63 million.
Analysts gave the Citigroup Inc (C) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.70. 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.
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Citigroup Inc (NYSE:C) trade information
Instantly C was in green as seen at the end of in last trading. With action 2.78%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 37.77%, with the 5-day performance at 2.78% in the green. However, in the 30-day time frame, Citigroup Inc (NYSE:C) is 9.88% up. Looking at the short shares, we see there were 33.55 million shares sold at short interest cover period of 2.15 days.
The consensus price target for the stock as assigned by Wall Street analysts is 69.25, meaning bulls need a downside of -2.34% from its current market value. According to analyst projections, C’s forecast low is 50 with 91 as the target high. To hit the forecast high, the stock’s price needs a -28.4% plunge from its current level, while the stock would need to tank 29.45% 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 13.74% over the past 6 months, a -3.15% in annual growth rate that is considerably lower than the industry average of 21.20%.
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 44.37%, but the outlook for the next 5-year period is at 23.14% per year.
C Dividends
Citigroup Inc is expected to release its next quarterly earnings report in January. The 3.08% annual yield figure for the share gives it an annual dividend of 2.18. It is important to note, however, that the 3.08% 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 3.77 per year.
Citigroup Inc (NYSE:C)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.12% of Citigroup Inc shares while 73.48% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 75.85%. There are 73.48% institutions holding the Citigroup Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.802% 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.
