In today’s recent session, 2.77 million shares of the Citigroup Inc (NYSE:C) have been traded, and its beta is 1.43. Most recently the company’s share price was $73.22, and it changed around $1.36 or 1.90% from the last close, which brings the market valuation of the company to $138.49B. C at last check was trading at a discount to its 52-week high of $72.85, offering almost 0.51% off that amount. The share price’s 52-week low was $47.71, which indicates that the recent value has risen by an impressive 34.84% since then. We note from Citigroup Inc’s average daily trading volume that its 10-day average is 12.64 million shares, with the 3-month average coming to 13.62 million.
Citigroup Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.55. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 7 recommended C as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Citigroup Inc is expected to report earnings per share of 1.24 for the current quarter.
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Citigroup Inc (NYSE:C) trade information
Instantly C has been showing a green trend so far today with a performance of 1.90% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 73.04 on recent trading daydecreased the stock’s daily price by -0.25%. The company’s shares are currently up 42.35% year-to-date, but still up 2.53% over the last five days. On the other hand, Citigroup Inc (NYSE:C) is 6.70% up in the 30-day period. We can see from the shorts that 33.55 million shares have been sold at a short interest cover period of 2.15 day(s).
The consensus price target as assigned by Wall Street analysts is $73, which translates to bulls needing to decrease their stock price by -0.3% from its current value. Analyst projections state that C is forecast to be at a low of $64 and a high of $91.
Citigroup Inc (C) estimates and forecasts
Citigroup Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 23.82 percent over the past six months and at a -3.15% annual growth rate that is well below the industry average of 20.50%. The year-over-year growth rate is expected to be 3.11%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 19.41B in revenue for the current quarter. 10 analysts expect Citigroup Inc to make 20.92B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 17.44B and 21.1B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 11.28%. Forecasts for the next quarter put sales growth at -0.89%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -9.56%. Citigroup Inc earnings are expected to increase by 44.30% in 2024, but the outlook is positive 23.14% per year for the next five years.
C Dividends
Citigroup Inc’s next quarterly earnings report is expected to be released in January. The annual dividend yield of the stock is 2.98 percent and its annual dividend per share was 2.18. It is important to note, however, that the 2.98% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.77 per year.
Citigroup Inc (NYSE:C)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.12% of Citigroup Inc shares, and 73.47% of them are in the hands of institutional investors. The stock currently has a share float of 75.84%. Citigroup Inc stock is held by 2357.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.802% of the shares, which is about 167.92 million shares worth $10.66 billion.
BLACKROCK INC., with 8.3528% or 159.57 million shares worth $10.13 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
