Momentum Is Strong For Citigroup Inc (NYSE: C)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Citi and LuminArx Capital Announce the Launch of Strategic Private Lending Vehicle, Cinergy.

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Stocks Info

This NYSE-listed company operates within the Banks – Diversified industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $51.11 and fluctuated between $51.58 as its day high and $50.51 as its day low. The current market capitalization of Citigroup Inc is $97.82B. A total of 15.77 million shares were traded on the day, compared to an average of 19.05M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, C has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 4,772 shares. Over the last 12 months, there were 76 BUYs and 28 SELLs from insiders. Insiders purchased 1,685,992 shares during that period but sold 266,340.

In the most recent transaction, MORTON ANDREW JOHN sold 28,096 shares of C for 40.66 per share on Oct 18. After the transaction, the Head of Markets now owns 410,060 company shares. In a previous transaction on Apr 18, Turek Zdenek sold 12,000 shares at 49.87 per share. C shares that Chief Risk Officer owns now total 155,979.

Among the insiders who sold shares, Wechter Sara disposed of 2,950 shares on Feb 21 at a per-share price of $50.77. This resulted in the Head of Human Resources holding 82,779 shares of C after the transaction. In another insider transaction, COLE TITILOPE sold 11,903 shares at $51.10 per share on Feb 17. Company shares held by the CEO, Legacy Franchises now total 65,764.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Citigroup Inc pays an annual dividend of $2.15, resulting in a dividend yield of 4.21%, and it has a price to earnings (P/E) ratio of 12.70. C’s most recent ex-dividend date was 2/2/2024 when it declared a $0.53 quarterly dividend that was paid in cash on 2/23/2024. Previously, the company paid the dividend on 11/22/2023 with an ex-dividend date of 11/3/2023. The C stock dividend was $0.53 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for C in the last 3 months, the mean price target is $60.67 with high estimates of $95.00 and low estimates of $43.00. In terms of 52-week highs and lows, C has a high of $54.75 and a low of $38.17.

As of this writing, C has an earnings estimate of $1.59 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $1.93 per share and a lower estimate of $1.08. The company reported an EPS of $1.63 in the last quarter, which was 34.70% higher than expectations of $1.21.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $96.98, while its Total Shareholder’s Equity was $202.67B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for C is Buy with a score of 3.43.

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