Citigroup Inc. [NYSE: C] slipped around -0.11 points on Friday, while shares priced at $46.82 at the close of the session, down -0.23%. The company report on July 8, 2022 that Citigroup Announces $2.5 Billion Redemption of 2.876% Fixed Rate / Floating Rate Notes Due 2023 and $750 Million Redemption of Floating Rate Notes Due 2023.
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Citigroup Inc. is announcing the redemption, in whole, constituting $2,500,000,000 of its 2.876% Fixed Rate / Floating Rate Notes due 2023 (the “FXD/FRN notes”) (ISIN: US172967LM17), and the redemption, in whole, constituting $750,000,000 of its Floating Rate Notes due 2023 (the “FRN notes” and together with the FXD/FRN notes, the “notes”) (ISIN: US172967LN99).
The redemption date for the notes is July 24, 2022 (the “redemption date”). The cash redemption price for the notes will equal par plus accrued and unpaid interest, to but excluding, the redemption date and will be payable on July 25, 2022, the next succeeding business day after the redemption date.
Citigroup Inc. stock is now -22.47% down from its year-to-date (YTD) trading value. C Stock saw the intraday high of $47.56 and lowest of $46.58 per share. The company’s 52-week high price is 74.64, which means current price is +4.21% above from all time high which was touched on 02/11/22.
Compared to the average trading volume of 23.79M shares, C reached a trading volume of 11750680 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 $60.52 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 2.40. 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.
Credit Suisse have made an estimate for Citigroup Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 27, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $75 to $60. The new note on the price target was released on March 28, 2022, representing the official price target for Citigroup Inc. stock. Previously, the target price had yet another drop from $79 to $60, while Jefferies kept a Hold rating on C stock. On March 03, 2022, analysts decreased their price target for C shares from 81 to 64.
The Average True Range (ATR) for Citigroup Inc. is set at 1.53, with the Price to Sales ratio for C stock in the period of the last 12 months amounting to 1.78. The Price to Book ratio for the last quarter was 0.52, with the Price to Cash per share for the same quarter was set at 493.85. Price to Free Cash Flow for C in the course of the last twelve months was 5.74.
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 1.80. With this latest performance, C shares dropped by -10.13% in over the last four-week period, additionally sinking by -25.51% over the last 6 months – not to mention a drop of -29.84% 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 44.05, with the RSI for the last a single of trading hit 45.22, and the three-weeks RSI is set at 43.74 for Citigroup Inc. [C]. The present Moving Average for the last 50 days of trading for this stock 49.22, while it was recorded at 46.68 for the last single week of trading, and 59.58 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 +34.52. Citigroup Inc.’s Net Margin is presently recorded at +27.18.
Return on Equity for this stock inclined to 10.86, with Return on Assets sitting at 0.96.
Earnings analysis for Citigroup Inc. [C]
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 -10.76%.
Insider trade positions for Citigroup Inc. [C]
There are presently around $67,393 million, or 76.20% of C stock, in the hands of institutional investors. The top three institutional holders of C stocks are: VANGUARD GROUP INC with ownership of 168,683,301, which is approximately 2.241% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 164,865,664 shares of the stock with an approximate value of $7.72 billion in C stocks shares; and STATE STREET CORP, currently with $4.37 billion in C stock with ownership of nearly 1.351% of the company’s market capitalization.
829 institutional holders increased their position in Citigroup Inc. [NYSE:C] by around 112,939,937 shares. Additionally, 908 investors decreased positions by around 167,913,064 shares, while 208 investors held positions by with 1,158,557,605 shares. The mentioned changes placed institutional holdings at 1,439,410,606 shares, according to the latest SEC report filing. C stock had 128 new institutional investments in for a total of 59,559,032 shares, while 193 institutional investors sold positions of 20,080,334 shares during the same period.