In yesterday’s Wall Street session, Citigroup Inc (NYSE:C) shares traded at $61.31, down -1.16% from the previous session.
C stock price is now -1.47% away from the 50-day moving average and 7.71% away from the 200-day moving average. The market capitalization of the company currently stands at $116.97B.
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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, LUCHETTI GONZALO, Officer bought 13,254 shares of the company’s stock on Aug 20 ’24. The stock was bought for $816,314 at an average price of $61.59. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15 ’24, Controller & Chief Acc Officer Okpara Johnbull sold 25,299 shares of the business’s stock. A total of $1,532,261 was realized by selling the stock at an average price of $60.57. This leaves the insider owning 91,539 shares of the company worth $5.61 million. A total of 0.41% 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 $67.81. According to the stock market information, the enterprise value for the company is -$180054081536, which is based on a 17.11 price-to-earnings ratio, a 1.71 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for C is $62.2126 and a two-hundred day moving average price translates $57.0299 for the stock.
The latest earnings results from Citigroup Inc (NYSE: C) was released for 2024-06-30. The net profit margin was 4.13% and return on equity was 3.89% for C. The company reported revenue of $35.99 billion for the quarter, compared to $32.65 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.23 percent.
