Citigroup (NYSE:C) had its price target raised by Morgan Stanley from $92.00 to $93.00 in a research report sent to investors on Thursday, March 15th. Morgan Stanley currently has an overweight rating on the financial services provider’s stock.
A number of other equities research analysts have also weighed in on C. Vetr lowered shares of Citigroup from a buy rating to a hold rating and set a $76.38 price objective for the company. in a report on Wednesday, November 29th. Nomura boosted their price objective on shares of Citigroup to $84.00 and gave the stock a buy rating in a research note on Monday, December 11th. Credit Suisse Group reissued a buy rating and set a $83.00 target price on shares of Citigroup in a research report on Tuesday, December 12th. Keefe, Bruyette & Woods boosted their target price on shares of Citigroup from $80.00 to $87.00 and gave the stock an outperform rating in a research report on Thursday, December 14th. Finally, Wells Fargo set a $95.00 price objective on shares of Citigroup and gave the company a buy rating in a report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $80.69.
Shares of C stock traded down $1.62 on Thursday, hitting $68.60. 21,543,535 shares of the stock traded hands, compared to its average volume of 18,811,220. The company has a market capitalization 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 has a 52 week low of $57.55 and a 52 week high of $80.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01.
Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the company posted $1.14 EPS. The business’s revenue was up 1.4% on a year-over-year basis. equities research analysts expect that Citigroup will post 6.4 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in shares of Citigroup during the 2nd quarter valued at about $320,000. Suntrust Banks Inc. grew its holdings in shares of Citigroup by 6.6% during the 2nd quarter. Suntrust Banks Inc. now owns 279,420 shares of the financial services provider’s stock worth $18,685,000 after purchasing an additional 17,217 shares during the period. Cibc World Markets Corp grew its holdings in shares of Citigroup by 299.1% during the 2nd quarter. Cibc World Markets Corp now owns 519,061 shares of the financial services provider’s stock worth $34,715,000 after purchasing an additional 779,706 shares during the period. Glenview Trust Co grew its holdings in shares of Citigroup by 7.1% during the 2nd quarter. Glenview Trust Co now owns 7,671 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 510 shares during the period. Finally, Lehman Financial Resources Inc. grew its holdings in shares of Citigroup by 6.7% during the 2nd quarter. Lehman Financial Resources Inc. now owns 4,810 shares of the financial services provider’s stock worth $322,000 after purchasing an additional 300 shares during the period. Hedge funds and other 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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