Media headlines about Citigroup (NYSE:C) have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Citigroup earned a daily sentiment score of 0.88 on their scale. InfoTrie also assigned news coverage about the financial services provider an news buzz score of 6 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Citigroup’s ranking:
A number of research firms recently commented on C. ValuEngine cut shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. TheStreet raised shares of Citigroup from a “c” rating to a “b-” rating in a research note on Monday, July 30th. BMO Capital Markets upped their target price on shares of Citigroup from $76.00 to $85.00 and gave the stock a “market perform” rating in a research note on Monday, July 16th. Vining Sparks reaffirmed a “buy” rating and issued a $77.00 target price on shares of Citigroup in a research note on Tuesday, October 9th. Finally, Oppenheimer upped their target price on shares of Citigroup from $89.00 to $91.00 and gave the stock an “outperformer” rating in a research note on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $82.91.
Shares of Citigroup stock traded down $2.02 during trading hours on Friday, reaching $65.76. 27,124,500 shares of the company’s stock were exchanged, compared to its average volume of 20,359,630. Citigroup has a fifty-two week low of $63.18 and a fifty-two week high of $80.70. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $175.43 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 0.90 and a beta of 1.47.
Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.07. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. The company had revenue of $18.39 billion during the quarter, compared to the consensus estimate of $18.43 billion. During the same period in the prior year, the business posted $1.42 EPS. As a group, sell-side analysts expect that Citigroup will post 6.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Monday, November 5th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.74%. Citigroup’s dividend payout ratio is 33.77%.
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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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