Citigroup Inc. [NYSE: C] stock went on a downward path that fall over -1.97% on Monday, amounting to a one-week price decrease of less than -0.53%. The company report on March 24, 2021 that Citi Launches Automated Securities Lending Solution for Wealth Managers in Partnership with Fintech Sharegain.
Citi has launched the first fully automated securities lending solution for wealth management firms they custody, in partnership with fintech firm Sharegain.
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Through Citi’s solution, wealth managers can deliver a securities lending program to their customers, giving them the opportunity to earn additional revenue on their stocks, bonds and ETFs, without developing an internal program from scratch.
Over the last 12 months, C stock rose by 63.42%. The one-year Citigroup Inc. stock forecast points to a potential upside of 11.56. The average equity rating for C stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $146.71 billion, with 2.08 billion shares outstanding and 2.08 billion shares in the current float. Compared to the average trading volume of 20.41M shares, C stock reached a trading volume of 17783656 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Citigroup Inc. [C]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for C shares is $80.94 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on C stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Edward Jones have made an estimate for Citigroup Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 29, 2021. While these analysts kept the previous recommendation, Berenberg raised their target price from $55 to $70. The new note on the price target was released on January 21, 2021, representing the official price target for Citigroup Inc. stock. Previously, the target price had yet another raise to $75, while Daiwa Securities analysts kept a Buy rating on C stock.
The Average True Range (ATR) for Citigroup Inc. is set at 2.26, with the Price to Sales ratio for C stock in the period of the last 12 months amounting to 2.53. The Price to Book ratio for the last quarter was 0.83, with the Price to Cash per share for the same quarter was set at 471.46.
C Stock Performance Analysis:
Citigroup Inc. [C] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.53. With this latest performance, C shares gained by 8.65% in over the last four-week period, additionally plugging by 70.35% over the last 6 months – not to mention a rise of 63.42% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for C stock in for the last two-week period is set at 53.92, with the RSI for the last a single of trading hit 50.18, and the three-weeks RSI is set at 56.03 for Citigroup Inc. [C]. The present Moving Average for the last 50 days of trading for this stock 66.78, while it was recorded at 71.46 for the last single week of trading, and 55.23 for the last 200 days.
Insight into Citigroup Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Citigroup Inc. [C] shares currently have an operating margin of +15.52. Citigroup Inc.’s Net Margin is presently recorded at +12.36.
Return on Total Capital for C is now 2.03, given the latest momentum, and Return on Invested Capital for the company is 2.55. Return on Equity for this stock inclined to 5.60, with Return on Assets sitting at 0.52. When it comes to the capital structure of this company, Citigroup Inc. [C] has a Total Debt to Total Equity ratio set at 252.61. Additionally, C Total Debt to Total Capital is recorded at 71.64, with Total Debt to Total Assets ending up at 22.23. Long-Term Debt to Equity for the company is recorded at 142.02, with the Long-Term Debt to Total Capital now at 36.34.
Reflecting on the efficiency of the workforce at the company, Citigroup Inc. [C] managed to generate an average of $52,352 per employee.
C Stock EPS
With the latest financial reports released by the company, Citigroup Inc. posted 1.05/share EPS, while the average EPS was predicted by analysts to be reported at 1.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for C. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Citigroup Inc. go to 1.28%.
Citigroup Inc. [C] Insider Position Details
There are presently around $113,603 million, or 77.50% of C stock, in the hands of institutional investors. The top three institutional holders of C stocks are: VANGUARD GROUP INC with ownership of 168,301,533, which is approximately -0.821% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 155,739,589 shares of the stock with an approximate value of $11.15 billion in C stocks shares; and STATE STREET CORP, currently with $6.35 billion in C stock with ownership of nearly -0.316% of the company’s market capitalization.
818 institutional holders increased their position in Citigroup Inc. [NYSE:C] by around 142,484,255 shares. Additionally, 813 investors decreased positions by around 111,063,344 shares, while 133 investors held positions by with 1,333,525,054 shares. The mentioned changes placed institutional holdings at 1,587,072,653 shares, according to the latest SEC report filing. C stock had 286 new institutional investments in for a total of 14,020,354 shares, while 115 institutional investors sold positions of 8,532,894 shares during the same period.