Citigroup (NYSE:C) was downgraded by analysts at Vertical Group from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
A number of other equities analysts also recently commented on the company. Atlantic Securities restated an “overweight” rating and issued a $85.00 target price (up from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Bank of America restated a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays lifted their target price on Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Raymond James Financial began coverage on Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $79.30.
Citigroup (NYSE:C) traded up $0.91 during trading hours on Wednesday, reaching $78.30. The company had a trading volume of 17,810,829 shares, compared to its average volume of 16,460,000. The firm has a market capitalization of $207,030.00, a P/E ratio of -27.09, a price-to-earnings-growth ratio of 1.21 and a beta of 1.56. Citigroup has a fifty-two week low of $55.23 and a fifty-two week high of $78.44. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29.
Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $1.14 earnings per share. analysts expect that Citigroup will post 6.27 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of C. Vantage Financial Partners Ltd. Inc. bought a new stake in Citigroup during the second quarter worth approximately $1,034,000. Catamount Wealth Management bought a new stake in Citigroup during the second quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares in the last quarter. Sawyer & Company Inc bought a new stake in Citigroup during the fourth quarter worth approximately $117,000. Finally, Balentine LLC raised its holdings in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.
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Citigroup Company Profile
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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