Citigroup (C) Rating Lowered to Market Perform at Keefe, Bruyette & Woods

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.

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About Citigroup

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.

Analyst Recommendations for Citigroup (NYSE:C)

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