Citigroup Inc. (NYSE:C) went up to recover about 48.1% since recording its record low price of $48.42. The stock experienced -0.07% slump, arriving at $71.71 on 7/30/2019. During the day, the stock price traveled from $70.585 to $71.71. This company shares are 15.3% off its target price of $82.68 and the current market capitalization stands at $167.83B. The recent change has given its price a 5.11% lead over SMA 50 and -4.69% deficit over its 52-week high. The stock witnessed 2.4% gains, 1.43% gains and 13.45% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found C’s volatility during a week at 1.71% and during a month it has been found around 1.56%.
What Does Citigroup Inc. (C) Do?
The company describes itself in regulatory filings as, “Citigroup, Inc. is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services. The Institutional Clients Group segment provides corporate, institutional, public sector and high-net-worth clients around the world with a full range of wholesale banking products and services. This segment includes fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance and securities services. The Corporate and Other segment includes certain unallocated costs of global staff functions, other corporate expenses and unallocated global operations and technology expenses, Corporate Treasury, certain North America and international legacy consumer loan portfolios, other legacy assets and discontinued operations. The company was founded in 1812 and is headquartered in New York, NY.” [Text can be found here: https://www.marketwatch.com/investing/stock/C/profile under company description.]Citigroup Inc. (C) Top Holders
Institutional investors currently hold around $128.1 billion or 78.9% in C stock. Look at its top three institutional owners: Vanguard Group Inc owns $13.41 billion in Citigroup Inc., which represents roughly 7.99% of the company’s market cap and approximately 10.47% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 161,723,785 shares of the stock are valued at $11.61 billion. The third largest holder is State Street Corp, which currently holds $7.52 billion worth of this stock and that ownership represents nearly 4.48% of its market capitalization.
At the end of March reporting period, 709 institutional holders increased their position in Citigroup Inc. (NYSE:C) by some 78,584,770 shares, 790 decreased positions by 127,233,220 and 223 held positions by 1,579,000,000. That puts total institutional holdings at 1,785,000,000 shares, according to SEC filings. The stock grabbed 125 new institutional investments totaling 9,710,200 shares while 107 institutional investors sold out their entire positions totaling 5,369,507 shares.Citigroup Inc. (NYSE:C) Insider Trades
Multiple company employees have indulged in significant insider trading. Citigroup Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO, Global Consumer Bank BIRD STEPHEN has sold 30,000 shares of Citigroup Inc. (C) in the trading session dated Apr. 22, 2019. These shares are worth $2,079,900 and were traded at $69.33 each. The SEC filing shows that Cowles James C performed a sale of 50,000 shares. The CEO, Europe,Middle East&Africa disposed these shares by way of transaction on Feb. 19, 2019. The company’s shares were given away at $64.26 per share worth to an income of some $3,213,000 to the account of Cowles James C.
CHIEF RISK OFFICER, Hu W. Bradford, sold 5,420 common shares of Citigroup Inc. (C) in the open market. In a transaction dated Feb. 15, 2019, the shares were put up for sale at an average price of $64.27, raking in a sum of $348,343. After this sale, 94,835 common shares of C are directly owned by the insider, with total stake valued at $6,800,613.
In the transaction dated Feb. 13, 2019, a great number of shares sold came courtesy the Head of Enterprise O&T; Whitaker Michael disposed a total of 7,000 shares at an average price of $63.24, amounting to approximately $442,680. The insider now directly owns 124,215 shares worth $8,907,476.Citigroup Inc. (C) Analyst Guide
Several analysts have released their opinion on Citigroup Inc. (NYSE:C), with 12 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 13 buy, 1 sell and 0 strong sell ratings, collectively assigning a 1.71 average brokerage recommendation [T1].