Citigroup (C) Given a $74.00 Price Target by Deutsche Bank Analysts
Several other equities research analysts have also recently weighed in on the company. Jefferies Group reaffirmed a hold rating and issued a $83.00 price target on shares of Citigroup in a research note on Tuesday. Keefe, Bruyette & Woods cut Citigroup from an outperform rating to a market perform rating and reduced their price target for the stock from $90.00 to $82.00 in a research note on Tuesday. Credit Suisse Group reissued a buy rating and issued a $86.00 target price on shares of Citigroup in a report on Thursday, January 4th. Barclays boosted their target price on Citigroup from $76.00 to $93.00 and gave the stock an overweight rating in a report on Tuesday, January 2nd. Finally, ValuEngine raised Citigroup from a buy rating to a strong-buy rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $79.30.
Shares of Citigroup (NYSE C) traded up $0.91 during mid-day trading on Wednesday, reaching $78.30. The company had a trading volume of 17,810,829 shares, compared to its average volume of 16,460,000. The stock has a market capitalization of $207,030.00, a PE ratio of -27.09, a price-to-earnings-growth ratio of 1.47 and a beta of 1.56. Citigroup has a 12 month low of $55.23 and a 12 month high of $78.44. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01.
Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 earnings per share. equities research analysts predict that Citigroup will post 6.33 earnings per share for the current year.
The firm also recently declared 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s payout ratio is currently -44.29%.
Several large investors have recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after purchasing an additional 4,061,637 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Citigroup by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock valued at $3,083,874,000 after purchasing an additional 2,943,282 shares in the last quarter. Harris Associates L P lifted its holdings in shares of Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after purchasing an additional 221,171 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after purchasing an additional 1,011,532 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after purchasing an additional 817,162 shares in the last quarter. 78.53% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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