Vining Sparks upgraded shares of Citigroup (NYSE:C) to a buy rating in a research report report published on Friday morning. The firm currently has $80.00 price objective on the financial services provider’s stock.
C has been the subject of several other research reports. ValuEngine upgraded shares of Citigroup from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Barclays upped their target price on shares of Citigroup from $76.00 to $93.00 and gave the company an overweight rating in a report on Tuesday, January 2nd. Vertical Group cut shares of Citigroup from a buy rating to a hold rating in a report on Wednesday, January 17th. Jefferies Group restated a hold rating and issued a $83.00 target price on shares of Citigroup in a report on Tuesday, January 16th. Finally, Credit Suisse Group reiterated a buy rating and set a $86.00 price target on shares of Citigroup in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $80.69.
Shares of Citigroup stock traded down $1.62 during trading hours on Friday, hitting $68.60. The company had a trading volume of 21,539,366 shares, compared to its average volume of 18,811,220. Citigroup has a twelve month low of $57.55 and a twelve month high of $80.70. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. The stock has a market cap of $180,470.03, a price-to-earnings ratio of 12.87, a PEG ratio of 1.02 and a beta of 1.56.
Citigroup (NYSE:C) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. analysts forecast that Citigroup will post 6.4 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Citigroup by 17.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 96,560 shares of the financial services provider’s stock valued at $7,185,000 after purchasing an additional 14,491 shares in the last quarter. Certified Advisory Corp purchased a new position in shares of Citigroup in the 4th quarter valued at about $1,393,000. Wagner Wealth Management LLC purchased a new position in shares of Citigroup in the 4th quarter valued at about $230,000. Xact Kapitalforvaltning AB increased its holdings in shares of Citigroup by 6.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 472,558 shares of the financial services provider’s stock valued at $35,163,000 after purchasing an additional 29,101 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Citigroup by 0.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 429,728 shares of the financial services provider’s stock valued at $31,976,000 after purchasing an additional 2,867 shares in the last quarter. Institutional investors own 80.16% of the company’s stock.
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Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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