Wells Fargo & Co set a $100.00 price objective on Citigroup (NYSE:C) in a research note released on Wednesday morning. The brokerage currently has a buy rating on the financial services provider’s stock.
A number of other research firms have also recently issued reports on C. Credit Suisse Group reissued a buy rating and set a $83.00 price objective (up previously from $73.00) on shares of Citigroup in a research report on Monday, October 9th. They noted that the move was a valuation call. BidaskClub raised shares of Citigroup from a hold rating to a buy rating in a research report on Thursday, September 21st. Royal Bank of Canada reissued a buy rating and set a $75.00 price objective on shares of Citigroup in a research report on Wednesday, September 27th. Nomura increased their price objective on shares of Citigroup from $80.00 to $81.00 and gave the stock a buy rating in a research report on Friday, October 13th. Finally, Vetr raised shares of Citigroup from a hold rating to a buy rating and set a $80.92 price objective on the stock in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $79.30.
Shares of Citigroup (C) traded up $0.91 on Wednesday, reaching $78.30. 17,728,961 shares of the company’s stock were exchanged, compared to its average volume of 12,630,125. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $201,231.02, a PE ratio of -25.26, a P/E/G ratio of 1.49 and a beta of 1.56. Citigroup has a twelve month low of $55.23 and a twelve month high of $78.44.
Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 earnings per share. research analysts forecast 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 $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.63%. Citigroup’s payout ratio is -41.29%.
Large investors have recently bought and sold shares of the business. Vantage Financial Partners Ltd. Inc. purchased a new stake in Citigroup in the 2nd quarter valued at about $1,034,000. Catamount Wealth Management purchased a new stake in Citigroup in the 2nd quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,030 shares during the last quarter. Sawyer & Company Inc purchased a new stake in Citigroup in the 4th quarter valued at about $117,000. Finally, Balentine LLC increased its stake in Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares during the last quarter. Hedge funds and other institutional investors 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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