CEO, Asia Pacific Aristeguieta Francisco sold 15,000 shares in Citigroup Inc. (NYSE:C) for $99,237 in transaction occurred on 2018/08/08. After making this transaction, the CEO, Asia Pacific owns a direct stake of 1,085,400 shares, worth $6,153,686, as per the last closing price. On 2018/07/19 Akram Raja, Controller &Chief Acc. Officer at C, dumped 500 shares at an average price of $69.21 per share. The selling total is valued at $512,265.
Separately, it had been reported that some other C insiders also took part of the insider trading activity. CFO, Gerspach John C had divested 12,966 shares for $370,094 through a trade on 2018/05/16. Following this activity, the insider holds 937,571 shares worth $22,949,529 as of recent close. Wall Street’s most bullish Citigroup Inc. (NYSE:C) analysts are predicting the share price to blow past $94 per share during the next 12 months. The current median share price forecast by them is $76, suggesting that the stock could increase 22.56% in that time frame. The average price target of $75.79 calls for a nearly 22.22% increase in the stock price.
Citigroup Inc. (NYSE:C) reaches $153.39B market cap as shares retreated -1.27% in recent session. It closed at $62.01, after slipping as low as $61.01 through the day. The shares were pushed to an intraday high Friday at $62.52. Trading activity significantly weakened as the volume at ready counter decreased to 15,630,087 shares versus 19,695,061 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 19,876,988 shares. The stock is now 28.07% above against its bear-market low of $48.42 on December 26, 2018. It has retreated -26.46% since it’s 52-week high of $78.42 reached in February. Now the market price is down -17.31% on the year and up 19.11% YTD.
C’s 50 day simple moving average (SMA 50) price is $58.82 and its 200-day simple moving average (SMA 200) price is $66.51. The company’s stock currently has a total float of 2.44B shares. Its weekly volatility is hovering around 1.92% and felt 2.32% volatility in price over a month. On the upside, the share price will test short term resistance at around $62.68. On a downside, the stock is likely to find some support, which begins at $61.17. The failure to get near-term support could push it to $60.34.
It had seen a positive analyst call from Macquarie, which upgraded the stock from Neutral to Outperform on January 07. Analysts at Barclays, maintained the company shares at Overweight on January 02 but switched target price from $93 to $82. The stock won favor of Standpoint Research analysts who expressed their confidence in it using an upgrade from Hold to Buy on December 26.
When looking at valuations, Citigroup Inc. (C) has a cheap P/E of 9.25x as compared to industry average of 19.58x. Moreover, it trades for 7.23 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.86x price/book and 2.17x price/sales. Compared to others, Citigroup Inc. is in a different league with regards to profitability, having net margins of -9.2%. To put some perspective around this, the industry’s average net margin is 32.84%. C’s ROE is -3.6%, which is also considerably worse than the industry’s ROE of 16.76%.
Shares of Citigroup Inc. (C) have gained 30.1% since the company’s last earnings report. Over the past 12 fiscal quarters, Citigroup Inc. (NYSE:C) has topped consensus earnings estimates in 12 quarters (100%), missed earnings in 0 quarters (0%), whereas at 0 occasion EPS met analyst expectations. C last reported earnings on January 14, 2019 when it released Dec-18 results that exceeded expectations. The company raked in $1.61 per share, -61.48% change on the same period last year. That was better than consensus for $1.55. Revenue for the recent quarter stood at $17.12 billion, down -1% on last year and below the $17.55 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $17.92 billion to $19.46 billion, which should be compared with $19.24 billion generated last year. EPS is seen in a range of $1.69 to $1.95, against the $1.86 reported a year ago.