The Question Is Whether To Buy Or Not To Buy Citigroup Inc (NYSE: C)

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Citibank Enhances Debit Card Benefits for Top-Tier Clients and is First Bank in Singapore to Partner Mastercard in Tree Restoration Initiative.

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Stocks Info

Citigroup Inc is listed on the NYSE as a member of the Financial sector and is a part of the Banks – Diversified industry. At the end of the last regular session, the stock closed at $53.30 and fluctuated between $53.41 as its day high and $52.59 as its day low. The current market capitalization of Citigroup Inc is $102.01B. A total of 12.87 million shares were traded on the day, compared to an average of 18.95M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, C has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 76 BUYs and 13 SELLs from insiders. Insiders purchased 1,685,992 shares during that period but sold 146,487.

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

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Citigroup Inc pays an annual dividend of $2.15, resulting in a dividend yield of 4.03%, and it has a price to earnings (P/E) ratio of 13.24. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for C in the last 3 months, the mean price target is $60.93 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 16 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $96.98, while its Total Shareholder’s Equity was $202.67B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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