Citigroup (NYSE:C) has been assigned a $100.00 price objective by Wells Fargo & Co in a research report issued to clients and investors on Wednesday, January 17th. The brokerage presently has a “buy” rating on the financial services provider’s stock. Wells Fargo & Co’s price target would suggest a potential upside of 33.76% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $75.00 target price on shares of Citigroup in a research note on Wednesday, September 27th. Deutsche Bank set a $74.00 target price on Citigroup and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Jefferies Group set a $81.00 price target on Citigroup and gave the stock a “neutral” rating in a research note on Thursday, October 12th. BidaskClub lowered Citigroup from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. Finally, Keefe, Bruyette & Woods lowered Citigroup from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $90.00 to $82.00 in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Citigroup has a consensus rating of “Buy” and an average price target of $79.65.
Shares of Citigroup (C) opened at $74.76 on Wednesday. The firm has a market capitalization of $197,670.00, a P/E ratio of 13.47, a P/E/G ratio of 1.07 and a beta of 1.54. 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 has a fifty-two week low of $56.55 and a fifty-two week high of $80.70.
Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the prior year, the company earned $1.14 EPS. Citigroup’s revenue was up 1.4% on a year-over-year basis. analysts expect that Citigroup will post 6.4 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. Pennsylvania Trust Co grew its stake in Citigroup by 765.3% in the second quarter. Pennsylvania Trust Co now owns 100,824 shares of the financial services provider’s stock worth $6,743,000 after purchasing an additional 89,172 shares in the last quarter. Bank of The West grew its stake in Citigroup by 1.0% in the second quarter. Bank of The West now owns 77,833 shares of the financial services provider’s stock worth $5,206,000 after purchasing an additional 798 shares in the last quarter. Kempner Capital Management Inc. grew its stake in Citigroup by 1.7% in the second quarter. Kempner Capital Management Inc. now owns 111,530 shares of the financial services provider’s stock worth $7,459,000 after purchasing an additional 1,854 shares in the last quarter. Virtu Financial LLC acquired a new position in Citigroup in the second quarter worth about $919,000. Finally, Swedbank grew its stake in Citigroup by 17.6% in the second quarter. Swedbank now owns 2,127,262 shares of the financial services provider’s stock worth $142,271,000 after purchasing an additional 318,777 shares in the last quarter. Institutional investors own 80.71% of the company’s stock.
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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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