Keefe, Bruyette & Woods lowered shares of Citigroup (NYSE:C) from an outperform rating to a market perform rating in a research note published on Tuesday, Marketbeat Ratings reports. They currently have $82.00 price target on the financial services provider’s stock, down from their previous price target of $90.00.
A number of other research firms have also recently weighed in on C. Vetr raised shares of Citigroup from a hold rating to a buy rating and set a $80.92 price objective for the company in a report on Monday, December 4th. Credit Suisse Group reissued a buy rating and set a $83.00 target price on shares of Citigroup in a research note on Tuesday, December 12th. Nomura boosted their target price on shares of Citigroup to $84.00 and gave the stock a buy rating in a research note on Monday, December 11th. Stifel Nicolaus reissued a hold rating on shares of Citigroup in a research note on Monday, October 9th. Finally, BMO Capital Markets reissued a hold rating and set a $65.00 target price on shares of Citigroup in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $79.30.
Citigroup (C) opened at $78.30 on Tuesday. Citigroup has a fifty-two week low of $55.23 and a fifty-two week high of $78.44. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $207,030.00, a price-to-earnings ratio of -27.09, a price-to-earnings-growth ratio of 1.47 and a beta of 1.56.
Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same quarter in the previous year, the company earned $1.14 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. equities research analysts expect that Citigroup will post 6.33 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%. Citigroup’s payout ratio is presently -44.29%.
A number of institutional investors and hedge funds have recently bought and sold shares of C. Janus Henderson Group PLC boosted its position in Citigroup by 227.4% during the third quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock worth $700,395,000 after acquiring an additional 6,688,305 shares during the last quarter. Lazard Asset Management LLC boosted its position in Citigroup by 109.5% during the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after acquiring an additional 4,856,866 shares during the last quarter. PointState Capital LP acquired a new position in Citigroup during the second quarter worth about $321,322,000. Pioneer Investment Management Inc. boosted its position in Citigroup by 2,317.8% during the second quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock worth $334,536,000 after acquiring an additional 4,795,145 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Citigroup by 42.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after acquiring an additional 4,413,329 shares during the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Citigroup (C) Rating Lowered to Market Perform at Keefe, Bruyette & Woods” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2018/01/20/citigroup-c-rating-lowered-to-market-perform-at-keefe-bruyette-woods.html.
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.
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.