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Barclays Maintains Their Hold Rating on Citigroup (C)

In a report issued on December 31, Jason Goldberg from Barclays maintained a Hold rating on Citigroup (CResearch Report), with a price target of $73.00. The company’s shares closed last Tuesday at $63.59.

According to TipRanks.com, Goldberg is a 5-star analyst with an average return of 13.2% and a 61.2% success rate. Goldberg covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Capital One Financial, and Huntington Bancshares.

Currently, the analyst consensus on Citigroup is a Moderate Buy with an average price target of $79.84, representing a 24.6% upside. In a report released yesterday, Wolfe Research also maintained a Hold rating on the stock with a $71.00 price target.

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Based on Citigroup’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $17.84 billion and net profit of $4.64 billion. In comparison, last year the company earned revenue of $17.69 billion and had a net profit of $3.15 billion.

Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of C in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1812, New York-based Citigroup, Inc. is a financial services holding company, which provides financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate/Other.

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