Citigroup (C) Raised to “Buy” at Vetr
Vetr upgraded shares of Citigroup (NYSE:C) from a hold rating to a buy rating in a research report released on Monday morning. They currently have $80.92 price objective on the financial services provider’s stock.
A number of other analysts have also recently commented on C. Keefe, Bruyette & Woods set a $75.00 price target on Citigroup and gave the stock a buy rating in a research report on Sunday, August 13th. Wells Fargo & Company reissued a buy rating on shares of Citigroup in a research report on Monday, October 2nd. Raymond James Financial reissued an underperform rating on shares of Citigroup in a research report on Wednesday, September 27th. Deutsche Bank reissued a hold rating and issued a $67.00 price target (up from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, Atlantic Securities reissued an overweight rating and issued a $85.00 price target (up from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $75.83.
Shares of Citigroup (C) opened at $75.44 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $202,371.91, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55. Citigroup has a 12-month low of $55.23 and a 12-month high of $77.92.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. During the same period in the previous year, the firm posted $1.24 EPS. The business’s revenue was up 2.3% on a year-over-year basis. equities research analysts anticipate that Citigroup will post 5.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were issued a $0.32 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.70%. Citigroup’s payout ratio is currently 24.66%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Catamount Wealth Management bought a new position in Citigroup in the 2nd quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares during the period. Patten Group Inc. boosted its holdings in Citigroup by 6.6% in the 1st quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after buying an additional 110 shares during the period. Balentine LLC boosted its holdings in Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares during the period. Finally, Acrospire Investment Management LLC boosted its holdings in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 78.59% of the company’s stock.
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Citigroup Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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