Royal Bank of Canada restated their outperform rating on shares of Citigroup (NYSE:C) in a research report sent to investors on Wednesday morning, The Fly reports. The brokerage currently has a $85.00 price objective on the financial services provider’s stock.

A number of other research firms have also issued reports on C. Keefe, Bruyette & Woods lowered shares of Citigroup from an outperform rating to a market perform rating and dropped their target price for the stock from $90.00 to $82.00 in a report on Tuesday, January 16th. Jefferies Group reissued a hold rating and set a $83.00 price target on shares of Citigroup in a research report on Tuesday, January 16th. Deutsche Bank set a $74.00 price target on shares of Citigroup and gave the company a neutral rating in a research report on Wednesday. Wells Fargo & Co set a $100.00 price target on shares of Citigroup and gave the company a buy rating in a research report on Wednesday. Finally, Vetr raised shares of Citigroup from a hold rating to a buy rating and set a $80.92 price target on the stock in a research report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $79.30.

Citigroup (NYSE C) traded up $0.91 during trading on Wednesday, hitting $78.30. 17,728,961 shares of the stock were exchanged, compared to its average volume of 12,630,125. Citigroup has a fifty-two week low of $55.23 and a fifty-two week high of $78.44. The stock has a market capitalization of $201,231.02, a price-to-earnings ratio of -25.26, a price-to-earnings-growth ratio of 1.49 and a beta of 1.56. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The business had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities analysts expect that Citigroup will post 6.33 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%. Citigroup’s payout ratio is currently -41.29%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC lifted its position in Citigroup by 3.8% in 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 buying an additional 4,061,637 shares during the last quarter. Bank of New York Mellon Corp increased its stake in 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 worth $3,083,874,000 after purchasing an additional 2,943,282 shares during the period. Harris Associates L P increased its stake in 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 worth $2,765,551,000 after purchasing an additional 221,171 shares during the period. Northern Trust Corp increased its stake in Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock worth $2,280,461,000 after purchasing an additional 1,011,532 shares during the period. Finally, Boston Partners increased its stake in Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock worth $1,788,752,000 after purchasing an additional 817,162 shares during the period. 78.53% of the stock is currently owned by institutional investors.

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About Citigroup

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.

The Fly

Analyst Recommendations for Citigroup (NYSE:C)

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