Citigroup Inc (NYSE:C) has received an average recommendation of “Buy” from the twenty-eight brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $80.11.
A number of equities analysts have recently commented on C shares. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Deutsche Bank set a $74.00 target price on shares of Citigroup and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Raymond James Financial started coverage on shares of Citigroup in a research report on Tuesday, October 31st. They set a “hold” rating on the stock. Wells Fargo & Co set a $100.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $86.00 target price on shares of Citigroup in a research report on Thursday, January 4th.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Citigroup during the second quarter worth $1,034,000. Catamount Wealth Management purchased a new position in shares of Citigroup during the second quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in shares of 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 during the last quarter. Sawyer & Company Inc purchased a new position in shares of Citigroup during the fourth quarter worth $117,000. Finally, Baldwin Brothers Inc. MA raised its holdings in shares of Citigroup by 88.4% during the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 750 shares during the last quarter. 80.71% of the stock is owned by institutional investors and hedge funds.
Citigroup (NYSE:C) traded down $0.26 during trading on Friday, reaching $76.82. 11,470,044 shares of the company were exchanged, compared to its average volume of 17,440,000. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup has a 12 month low of $56.55 and a 12 month high of $80.70. The stock has a market cap of $203,110.00, a price-to-earnings ratio of 13.84, a P/E/G ratio of 1.11 and a beta of 1.54.
Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $17.23 billion. During the same period in the prior year, the company posted $1.14 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. equities analysts predict that Citigroup will post 6.4 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.67%. Citigroup’s dividend payout ratio (DPR) is 23.06%.
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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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