Citigroup Inc. [C] Is Currently 1.52 below its 200 Period Moving Avg: What Does This Mean?

Citigroup Inc. [NYSE: C] gained 1.52% on the last trading session, reaching $46.13 price per share at the time. The company report on October 26, 2022 that Citi Securities Services Onboards South African Wealth Manager Sanlam Private Wealth.

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Citi supports Sanlam Private Wealth’s business model transformation.

Citi Securities Services has been appointed by Sanlam Private Wealth, a South Africa-based wealth manager for a range of services, including execution services, cash and custody for Sanlam Private Wealth’s non-domestic client securities.

Citigroup Inc. represents 1.94 billion in outstanding shares, while the company has a total market value of $88.00 billion with the latest information. C stock price has been found in the range of $45.025 to $46.28.

If compared to the average trading volume of 17.42M shares, C reached a trading volume of 13446531 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $56.47 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 2.50. 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.

Goldman have made an estimate for Citigroup Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 03, 2022. The new note on the price target was released on September 06, 2022, representing the official price target for Citigroup Inc. stock. Previously, the target price had yet another raise to $58, while Credit Suisse analysts kept a Neutral rating on C stock. On March 28, 2022, analysts decreased their price target for C shares from 75 to 60.

The Average True Range (ATR) for Citigroup Inc. is set at 1.36, with the Price to Sales ratio for C stock in the period of the last 12 months amounting to 1.43. The Price to Book ratio for the last quarter was 0.50, with the Price to Cash per share for the same quarter was set at 510.39. Price to Free Cash Flow for C in the course of the last twelve months was 5.54.

Trading performance analysis for C stock

Citigroup Inc. [C] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.23. With this latest performance, C shares gained by 8.82% in over the last four-week period, additionally sinking by -4.31% over the last 6 months – not to mention a drop of -34.92% 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 58.67, with the RSI for the last a single of trading hit 67.80, and the three-weeks RSI is set at 53.43 for Citigroup Inc. [C]. The present Moving Average for the last 50 days of trading for this stock 46.19, while it was recorded at 45.34 for the last single week of trading, and 52.21 for the last 200 days.

Citigroup Inc. [C]: A deeper dive into fundamental analysis

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.

Citigroup Inc. [C]: An earnings per share (EPS) analysis

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 -11.81%.

An analysis of insider ownership at Citigroup Inc. [C]

There are presently around $64,570 million, or 73.60% of C stock, in the hands of institutional investors. The top three institutional holders of C stocks are: VANGUARD GROUP INC with ownership of 164,361,727, which is approximately -2.562% of the company’s market cap and around 0.21% of the total institutional ownership; BLACKROCK INC., holding 162,806,013 shares of the stock with an approximate value of $7.51 billion in C stocks shares; and STATE STREET CORP, currently with $3.96 billion in C stock with ownership of nearly -8.026% of the company’s market capitalization.

Positions in Citigroup Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 820 institutional holders increased their position in Citigroup Inc. [NYSE:C] by around 73,066,161 shares. Additionally, 790 investors decreased positions by around 116,119,376 shares, while 204 investors held positions by with 1,210,547,209 shares. The mentioned changes placed institutional holdings at 1,399,732,746 shares, according to the latest SEC report filing. C stock had 107 new institutional investments in for a total of 11,709,325 shares, while 172 institutional investors sold positions of 7,279,314 shares during the same period.


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