Stocks of Citigroup Inc (NYSE:C) traded higher last session on Wall Street, up 1.25% to $58.39.
C stock price is now -5.58% away from the 50-day moving average and -0.10% away from the 200-day moving average. The market capitalization of the company currently stands at $111.40B.
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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, Head of U.S. Personal Banking sold 13,254 shares of the company’s stock on Aug 20 ’24. The stock was sold for $816,314 at an average price of $61.59. Upon completion of the transaction, the Head of U.S. Personal Banking now directly owns 88,966 shares in the company, valued at $5.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 20 ’24, Officer LUCHETTI GONZALO bought 13,254 shares of the business’s stock. A total of $816,314 was incurred on buying the stock at an average price of $61.59. A total of 0.33% 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 $24750163968, which is based on a 16.30 price-to-earnings ratio, a 1.63 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for C is $61.7248 and a two-hundred day moving average price translates $58.5172 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.
