Somewhat Positive Media Coverage Somewhat Unlikely to Impact Citigroup (C) Stock Price
News coverage about Citigroup (NYSE:C) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Citigroup earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.0773760624354 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Affinity Investment Advisors, Llc Buys Citigroup Inc, DowDuPont Inc, Best Buy Co Inc, Sells Goldman Sachs Group Inc … – GuruFocus.com (gurufocus.com)
- Citigroup Expects $150 Million Gain on Sale of Hilton Cards to American Express – New York Times (nytimes.com)
- Don’t Be Discouraged by This Bank Stock's Low Dividend Yield (finance.yahoo.com)
- Citigroup expects $150 mln gain on sale of Hilton cards to American Express (cnbc.com)
- 10-Q: CITIGROUP INC (marketwatch.com)
Citigroup (NYSE:C) opened at 73.50 on Wednesday. Citigroup has a 12 month low of $47.70 and a 12 month high of $76.14. The company’s 50-day moving average price is $72.65 and its 200 day moving average price is $66.58. The firm has a market capitalization of $194.33 billion, a PE ratio of 14.19 and a beta of 1.45.
Citigroup (NYSE:C) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 EPS. On average, equities research analysts predict that Citigroup will post $5.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Friday, November 3rd. Citigroup’s dividend payout ratio is currently 24.66%.
Several equities analysts have weighed in on C shares. Vetr raised Citigroup from a “buy” rating to a “strong-buy” rating and set a $76.22 target price on the stock in a research note on Thursday, July 6th. Zacks Investment Research raised Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. Jefferies Group LLC reissued a “hold” rating and issued a $68.00 target price on shares of Citigroup in a research note on Friday, July 7th. Buckingham Research reissued a “buy” rating and issued a $81.00 target price (up previously from $70.00) on shares of Citigroup in a research note on Monday, July 10th. Finally, HSBC Holdings plc started coverage on Citigroup in a research note on Tuesday, July 11th. They issued a “hold” rating and a $71.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $74.77.
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In other Citigroup news, insider Jeffrey R. Walsh sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $68.97, for a total transaction of $344,850.00. Following the completion of the sale, the insider now directly owns 56,394 shares of the company’s stock, valued at approximately $3,889,494.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francisco Aristeguieta sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $67.55, for a total value of $2,702,000.00. Following the sale, the chief executive officer now directly owns 77,570 shares of the company’s stock, valued at $5,239,853.50. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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