Analyst Expects Citigroup Inc (NYSE: C) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed Citi Appointed as Depositary Bank for Air Astana Group GDR Program.

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Stocks Info

As a NYSE listed company, C falls under the Financial sector while operating within the Banks – Diversified industry segment. The current market capitalization of Citigroup Inc is $106.07B. A total of 16.29 million shares were traded on the day, compared to an average of 18.57M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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 59 BUYs and 6 SELLs from insiders. Insiders purchased 323,970 shares during that period but sold 52,394.

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.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Citigroup Inc pays an annual dividend of $2.10, resulting in a dividend yield of 3.79%, and it has a price to earnings (P/E) ratio of 13.77. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for C in the last 3 months, the mean price target is $62.35 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 $57.95 and a low of $38.17.

As of this writing, C has an earnings estimate of $1.52 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $1.89 per share and a lower estimate of $1.02. 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 3.83.

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