Do You Still Have A Reason To Buy Citigroup Inc (NYSE: C) After A 4.16% Jump In The Last Week?

During the recent session, Citigroup Inc (NYSE:C)’s traded shares were 3.37 million, with the beta value of the company hitting 1.44. At the last check today, the stock’s price was $81.78, reflecting an intraday loss of -0.25% or -$0.2. The 52-week high for the C share is $82.77, that puts it down -1.21 from that peak though still a striking 36.12% gain since the share price plummeted to a 52-week low of $52.24. The company’s market capitalization is $153.50B, and the average intraday trading volume over the past 10 days was 20.22 million shares, and the average trade volume was 14.61 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 1.65. 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 1.9.

Citigroup Inc (NYSE:C) trade information

Citigroup Inc (C) registered a -0.25% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.25% in intraday trading to $81.78, hitting a weekly high. The stock’s 5-day price performance is 4.16%, and it has moved by 18.19% in 30 days. Based on these gigs, the overall price performance for the year is 53.42%. The short interest in Citigroup Inc (NYSE:C) is 36.43 million shares and it means that shorts have 2.94 day(s) to cover.

The consensus price target of analysts on Wall Street is $73, which implies a decrease of -12.03% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $64 and $91 respectively. As a result, C is trading at a discount of -11.27% off the target high and 21.74% off the low.

Citigroup Inc (C) estimates and forecasts

Statistics show that Citigroup Inc has outperformed its competitors in share price, compared to the industry in which it operates. Citigroup Inc (C) shares have gone up 28.46% during the last six months, with a year-to-date growth rate more than the industry average at 26.22% against 17.20. In the rating firms’ projections, revenue will increase 3.57% 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 21.29B as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 20.93B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 21.1B and 20.14B respectively. In this case, analysts expect current quarter sales to grow by 0.87% and then jump by 3.91% 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 -5.66%. While earnings are projected to return 25.39% in 2025, the next five years will return 24.49% per annum.

C Dividends

Citigroup Inc is due to release its next quarterly earnings in February. 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 2.18, with the dividend yield indicating at 2.67 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.78%.

Citigroup Inc (NYSE:C)’s Major holders

Citigroup Inc insiders own 3.12% of total outstanding shares while institutional holders control 73.49%, with the float percentage being 75.85%. VANGUARD GROUP INC is the largest shareholder of the company, while 2358.0 institutions own stock in it. As of 2024-06-30, the company held over 167.92 million shares (or 8.802% 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.

Also, the Mutual Funds coming in first place with the largest holdings of Citigroup Inc (C) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 56.44 shares. This amounts to just over 2.98 percent of the company’s overall shares, with a $4.62 billion market value. The same data shows that the other fund manager holds slightly less at 48.97, or about 2.59% of the stock, which is worth about $4.01 billion.