Citigroup (NYSE:C) Shares Gap Down to $49.09

Citigroup Inc. (NYSE:CGet Rating) gapped down prior to trading on Friday . The stock had previously closed at $49.09, but opened at $47.42. Citigroup shares last traded at $48.48, with a volume of 231,941 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Citigroup from $52.00 to $46.00 in a report on Friday, January 6th. Credit Suisse Group set a $54.00 price target on Citigroup in a research note on Monday, October 10th. Oppenheimer dropped their price target on Citigroup from $90.00 to $87.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 28th. Morgan Stanley dropped their price target on Citigroup from $45.00 to $41.00 and set an “underweight” rating on the stock in a research note on Friday, January 6th. Finally, Piper Sandler assumed coverage on Citigroup in a research note on Thursday, December 8th. They issued a “neutral” rating and a $48.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Citigroup currently has an average rating of “Hold” and an average target price of $57.32.

Citigroup Stock Up 1.7 %

The company has a debt-to-equity ratio of 1.40, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $96.69 billion, a P/E ratio of 6.84, a PEG ratio of 1.58 and a beta of 1.56. The stock has a 50-day moving average of $46.65 and a 200 day moving average of $47.42.

Citigroup (NYSE:CGet Rating) last issued its quarterly earnings results on Friday, October 14th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. The company had revenue of $18.51 billion for the quarter, compared to analysts’ expectations of $18.28 billion. Citigroup had a return on equity of 9.14% and a net margin of 17.31%. Citigroup’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $2.49 earnings per share. Research analysts anticipate that Citigroup Inc. will post 7.01 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Monday, February 6th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Friday, February 3rd. Citigroup’s dividend payout ratio (DPR) is presently 27.95%.

Institutional Trading of Citigroup

Several large investors have recently bought and sold shares of the business. McClarren Financial Advisors Inc. acquired a new stake in shares of Citigroup during the third quarter valued at about $25,000. EWG Elevate Inc. acquired a new stake in shares of Citigroup during the fourth quarter valued at about $29,000. Corsicana & Co. boosted its stake in shares of Citigroup by 314.5% during the second quarter. Corsicana & Co. now owns 659 shares of the company’s stock valued at $30,000 after purchasing an additional 500 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Citigroup during the third quarter valued at about $28,000. Finally, Citizens National Bank Trust Department boosted its stake in shares of Citigroup by 169.0% during the second quarter. Citizens National Bank Trust Department now owns 780 shares of the company’s stock valued at $36,000 after purchasing an additional 490 shares in the last quarter. 70.90% of the stock is owned by institutional investors and hedge funds.

Citigroup Company Profile

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Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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