You might want to take a look at Citigroup Inc. (C) now

Citigroup Inc. (NYSE: C) stock fell -2.25% on Friday to $50.75 against a previous-day closing price of $51.92. With 17.26 million shares changed hands, the volume of the stock remained lighter than its average volume of 23.79 million shares. During the session, the Banks – Diversified company that operates in wider Financial sector, reached to the highest price of $52.10 whereas the lowest price it dropped to was $50.73. The 52-week range on C shows that it touched its highest point at $74.64 and its lowest point at $43.44 during that stretch. It currently has a 1-year price target of $60.71. With its current market cap of 99.16 billion, C has annualized dividend of $2.04 while the current yield stands at 4.02%. Beta for the stock currently stands at 1.62.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of C was down-trending over the past week, with a drop of -1.26%, but this was up by 8.28% over a month. Three-month performance surged to 4.19% while six-month performance fell -22.07%. The stock lost -25.07% in the past year, while it has lost -15.96% so far this year. A look at the trailing 12-month EPS for C yields 7.94 with Next year EPS estimates of 6.93. For the next quarter, that number is 1.60. This implies an EPS growth rate of 114.40% for this year and -4.07% for next year. EPS is expected to decline by -10.66% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.40%.

Float and Shares Shorts:

At present, 1.97 billion C shares are outstanding with a float of 1.93 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 46.66 million, which was 2.41% higher than short shares on Jun 14, 2022. In addition to Ms. Jane Nind Fraser as the firm’s CEO & Director, Mr. Mark A.L. Mason serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 76.43% of C’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 40.74% of C, in contrast to 36.18% held by mutual funds. Shares owned by individuals account for 0.51%. As the largest shareholder in C with 8.27% of the stake, The Vanguard Group, Inc. holds 160,615,865 shares worth 160,615,865. A second-largest stockholder of C, BlackRock Fund Advisors, holds 94,946,993 shares, controlling over 4.89% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in C, holding 93,306,092 shares or 4.81% stake. With a 2.80% stake in C, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 54,387,860 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.21% of C stock, is the second-largest Mutual Fund holder. It holds 42,976,351 shares valued at 1.98 billion. SPDR S&P 500 ETF Trust holds 1.08% of the stake in C, owning 20,974,290 shares worth 964.61 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. It generated $4.55B net income for the quarter, which came to $16.67B over the last twelve months.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for C since 27 analysts follow the stock currently. There are 12 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 13 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With C analysts setting a high price target of $86.00 and a low target of $46.00, the average target price over the next 12 months is $58.73. Based on these targets, C could surge 69.46% to reach the target high and fall by -9.36% to reach the target low. Reaching the average price target will result in a growth of 15.72% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. C will report FY 2022 earnings on 01/13/2023. Analysts have provided yearly estimates in a range of $7.98 being high and $6.15 being low. For C, this leads to a yearly average estimate of $7.12. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Citigroup Inc. surprised analysts by $0.51 when it reported $2.19 EPS against a consensus estimate of $1.68. The surprise factor in the prior quarter was $0.59. Based on analyst estimates, the high estimate for the next quarter is $1.92 and the low estimate is $0.84. The average estimate for the next quarter is thus $1.60.

Summary of Insider Activity:

Insiders traded C stock several times over the past three months with 16 Buys and 0 Sells. In these transactions, 5,247 shares were bought while 0 shares were sold. The number of buy transactions has increased to 115 while that of sell transactions has risen to 30 over the past year. The total number of shares bought during that period was 723,373 while 263,120 shares were sold.

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