Citigroup Inc. (C) Raised to “Hold” at Vetr Inc.
Citigroup Inc. (NYSE:C) was upgraded by stock analysts at Vetr from a “sell” rating to a “hold” rating in a report issued on Monday. The brokerage presently has a $47.03 price target on the financial services provider’s stock. Vetr‘s price target would suggest a potential downside of 3.25% from the stock’s current price.
C has been the topic of several other research reports. Jefferies Group upped their price target on Citigroup from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, October 10th. Credit Agricole SA increased their price objective on Citigroup from $61.00 to $63.00 and gave the company a “buy” rating in a report on Friday, September 23rd. Nomura dropped their price objective on Citigroup from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, September 7th. Goldman Sachs Group Inc. downgraded Citigroup from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $52.00 to $50.00 in a report on Friday, September 16th. Finally, TheStreet upgraded Citigroup from a “hold” rating to a “buy” rating in a report on Tuesday, August 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $54.76.
Citigroup (NYSE:C) opened at 48.61 on Monday. The stock has a market capitalization of $141.23 billion, a PE ratio of 10.29 and a beta of 1.86. Citigroup has a 12 month low of $34.52 and a 12 month high of $56.46. The company’s 50-day moving average price is $47.49 and its 200 day moving average price is $45.05.
Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.08. Citigroup had a return on equity of 7.24% and a net margin of 17.97%. The company had revenue of $17.80 billion for the quarter, compared to the consensus estimate of $17.32 billion. During the same quarter in the prior year, the business earned $1.31 EPS. Citigroup’s revenue was down 4.8% on a year-over-year basis. On average, analysts forecast that Citigroup will post $4.61 earnings per share for the current fiscal year.
In other news, insider Joseph Michael Murray sold 8,122 shares of Citigroup stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total value of $360,210.70. Following the completion of the sale, the insider now owns 35,042 shares of the company’s stock, valued at $1,554,112.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Citigroup by 3.5% in the second quarter. Vanguard Group Inc. now owns 175,049,494 shares of the financial services provider’s stock worth $7,420,348,000 after buying an additional 5,872,249 shares in the last quarter. FMR LLC boosted its position in shares of Citigroup by 3.7% in the second quarter. FMR LLC now owns 92,973,398 shares of the financial services provider’s stock worth $3,941,143,000 after buying an additional 3,339,340 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Citigroup by 1.2% in the second quarter. Franklin Resources Inc. now owns 36,139,625 shares of the financial services provider’s stock worth $1,531,980,000 after buying an additional 436,566 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Citigroup by 1.4% in the second quarter. BlackRock Fund Advisors now owns 34,452,658 shares of the financial services provider’s stock worth $1,460,448,000 after buying an additional 476,584 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Citigroup by 0.7% in the first quarter. Geode Capital Management LLC now owns 24,657,570 shares of the financial services provider’s stock worth $1,027,425,000 after buying an additional 176,548 shares during the last quarter. 71.41% of the stock is owned by institutional investors and hedge funds.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s 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.
Receive News & Ratings for Citigroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.