Citigroup Inc. [NYSE: C] jumped around 1.27 points on Friday, while shares priced at $76.56 at the close of the session, up 1.69%. The company report on May 14, 2021 that Citi’s Made-in-Singapore Automated Securities Lending Solution Unlocks New Revenue Stream for Wealth Management Firms and their Customers Globally.
In partnership with Fintech firm Sharegain, Citi has launched a fully automated securities lending solution for the wealth management firms that it provides custody services to.
Led by close partnership between Citi Ventures and Citi’s Agency Securities Lending (ASL) business in Asia Pacific, the solution enables global wealth management firms to deliver a securities lending programme to their customers without having to develop an internal programme from scratch. While securities lending provides holders of securities the opportunity to earn additional revenue on their stocks, bonds and ETFs, it is traditionally only viable for large financial institutions such as asset managers due to economies of scale, high costs and complexity of implementation.
Citigroup Inc. stock is now 24.16% up from its year-to-date (YTD) trading value. C Stock saw the intraday high of $76.77 and lowest of $75.66 per share. The company’s 52-week high price is 76.84, which means current price is +33.38% above from all time high which was touched on 05/10/21.
Compared to the average trading volume of 19.50M shares, C reached a trading volume of 14074177 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $85.23 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 2.10. 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.
Wolfe Research have made an estimate for Citigroup Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on April 05, 2021. The new note on the price target was released on March 29, 2021, representing the official price target for Citigroup Inc. stock. Previously, the target price had yet another raise from $55 to $70, while Berenberg kept a Hold rating on C stock.
The Average True Range (ATR) for Citigroup Inc. is set at 1.72, with the Price to Sales ratio for C stock in the period of the last 12 months amounting to 2.91. The Price to Book ratio for the last quarter was 0.87, with the Price to Cash per share for the same quarter was set at 486.62. Price to Free Cash Flow for C in the course of the last twelve months was 7.76.
How has C stock performed recently?
Citigroup Inc. [C] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.97. With this latest performance, C shares gained by 5.54% in over the last four-week period, additionally plugging by 56.47% over the last 6 months – not to mention a rise of 82.03% 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 65.40, with the RSI for the last a single of trading hit 70.28, and the three-weeks RSI is set at 62.66 for Citigroup Inc. [C]. The present Moving Average for the last 50 days of trading for this stock 72.76, while it was recorded at 75.22 for the last single week of trading, and 58.74 for the last 200 days.
Citigroup Inc. [C]: Deeper insight into the 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 1.60, 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 352.65. Additionally, C Total Debt to Total Capital is recorded at 77.91, with Total Debt to Total Assets ending up at 31.04. Long-Term Debt to Equity for the company is recorded at 142.02, with the Long-Term Debt to Total Capital now at 28.31.
Reflecting on the efficiency of the workforce at the company, Citigroup Inc. [C] managed to generate an average of $52,352 per employee.
Earnings analysis for Citigroup Inc. [C]
With the latest financial reports released by the company, Citigroup Inc. posted 0.5/share EPS, while the average EPS was predicted by analysts to be reported at 0.28/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 78.60%. 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 10.91%.
Insider trade positions for Citigroup Inc. [C]
There are presently around $122,875 million, or 78.80% of C stock, in the hands of institutional investors. The top three institutional holders of C stocks are: VANGUARD GROUP INC with ownership of 169,873,584, which is approximately 0.934% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 160,204,580 shares of the stock with an approximate value of $12.27 billion in C stocks shares; and STATE STREET CORP, currently with $6.79 billion in C stock with ownership of nearly -0.316% of the company’s market capitalization.
879 institutional holders increased their position in Citigroup Inc. [NYSE:C] by around 104,811,878 shares. Additionally, 740 investors decreased positions by around 103,042,732 shares, while 188 investors held positions by with 1,397,089,271 shares. The mentioned changes placed institutional holdings at 1,604,943,881 shares, according to the latest SEC report filing. C stock had 209 new institutional investments in for a total of 12,678,360 shares, while 108 institutional investors sold positions of 12,490,672 shares during the same period.