Citigroup’s (C) “Market Perform” Rating Reaffirmed at Keefe, Bruyette & Woods
C has been the topic of several other research reports. Atlantic Securities reiterated an overweight rating and issued a $85.00 target price (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Bank of America reiterated a neutral rating on shares of Citigroup in a report on Wednesday, October 11th. ValuEngine upgraded shares of Citigroup from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Barclays lifted their target price on shares of Citigroup from $76.00 to $93.00 and gave the stock an overweight rating in a report on Tuesday, January 2nd. Finally, Raymond James Financial initiated coverage on shares of Citigroup in a report on Tuesday, October 31st. They issued a hold rating on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Citigroup currently has a consensus rating of Buy and a consensus price target of $79.30.
Citigroup (NYSE C) traded up $0.91 during trading on Wednesday, hitting $78.30. 17,810,829 shares of the stock were exchanged, compared to its average volume of 16,460,000. The company has a market cap of $207,030.00, a P/E ratio of -27.09, a P/E/G ratio of 1.21 and a beta of 1.56. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup has a fifty-two week low of $55.23 and a fifty-two week high of $78.44.
Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. Citigroup’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS. equities research analysts anticipate that Citigroup will post 6.27 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. Citigroup’s payout ratio is -44.29%.
Several large investors have recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Citigroup during the 2nd quarter valued at about $1,034,000. Catamount Wealth Management acquired a new stake in shares of Citigroup during the 2nd quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,030 shares in the last quarter. Sawyer & Company Inc acquired a new stake in shares of Citigroup during the 4th quarter valued at about $117,000. Finally, Balentine LLC boosted its position in shares of Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.
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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