Citigroup Inc (NYSE:C) shares traded 0.30% higher at $63.59 on Wall Street last session.
C stock price is now 5.19% away from the 50-day moving average and 27.08% away from the 200-day moving average. The market capitalization of the company currently stands at $121.29B.
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With the price target enhanced from $58 to $60, Evercore ISI maintained In-line rating for Citigroup Inc (NYSE: C). On March 25, 2024, Wells Fargo reiterated its ‘Overweight’ rating on the stock by increasing its target price from $70 to quote $80, while ‘Goldman’ rates the stock as ‘Buy’
In other news, MORTON ANDREW JOHN, Head of Markets sold 28,096 shares of the company’s stock on Oct 18 ’23. The stock was sold for $1,142,397 at an average price of $40.66. Upon completion of the transaction, the Head of Markets now directly owns 410,060 shares in the company, valued at $26.08 million. A total of 0.30% of the company’s stock is owned by insiders.
During the past 12 months, Citigroup Inc has had a low of $38.17 and a high of $63.95.
The net profit margin was 4.03% and return on equity was 3.76% for C. The company reported revenue of $36.22 billion for the quarter, compared to $29.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.23 percent.
Citigroup Inc(C) Company Profile
Citigroup Inc., a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions. The Markets segment offers sales and trading services for equities, foreign exchange, rates, spread products, and commodities to corporate, institutional, and public sector clients; and market-making services, including asset classes, risk management solutions, financing, prime brokerage, research, securities clearing, and settlement. The banking segment includes investment banking; advisory services related to mergers and acquisitions, divestitures, restructurings, and corporate defense activities; and corporate lending, which includes corporate and commercial banking. The U.S. Personal Banking segment provides co-branded cards and retail banking services. The Wealth segment provides financial services to high-net-worth clients through banking, lending, mortgages, investment, custody, and trust product offerings; and to professional industries, including law firms, consulting groups, accounting, and asset management. The company was founded in 1812 and is headquartered in New York, New York.
