Citigroup Inc. (C) Upgraded to “Hold” at Vetr Inc.
Vetr upgraded shares of Citigroup Inc. (NYSE:C) from a sell rating to a hold rating in a report released on Wednesday morning. The brokerage currently has $56.21 price objective on the financial services provider’s stock.
Several other research analysts have also recently issued reports on C. Jefferies Group set a $36.00 target price on shares of Citigroup and gave the stock a buy rating in a report on Saturday, November 19th. Morgan Stanley raised shares of Citigroup from an equal weight rating to an overweight rating and set a $70.00 target price for the company in a report on Wednesday. Deutsche Bank AG raised their target price on shares of Citigroup from $49.00 to $61.00 and gave the stock a hold rating in a report on Wednesday. Compass Point assumed coverage on shares of Citigroup in a report on Tuesday, October 11th. They set a sell rating and a $39.00 target price for the company. Finally, raised their target price on shares of Citigroup from $61.00 to $63.00 and gave the stock a buy rating in a report on Friday, September 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $56.72.
Citigroup (NYSE:C) opened at 56.39 on Wednesday. Citigroup has a 12-month low of $34.52 and a 12-month high of $56.83. The company has a market cap of $160.70 billion, a P/E ratio of 12.26 and a beta of 1.74. The firm’s 50 day moving average is $51.32 and its 200 day moving average is $46.71.
Citigroup (NYSE:C) last issued its earnings results on Friday, October 14th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.08. Citigroup had a net margin of 17.58% and a return on equity of 7.04%. The firm earned $17.80 billion during the quarter, compared to analysts’ expectations of $17.32 billion. During the same quarter last year, the company posted $1.31 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts anticipate that Citigroup will post $4.70 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This article was first reported by Daily Political and is the propert of of Daily Political. If you are reading this article on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be read at http://www.dailypolitical.com/2016/12/01/citigroup-inc-c-upgraded-to-hold-at-vetr-inc.html.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Monday, November 7th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, November 3rd. Citigroup’s payout ratio is currently 13.91%.
A number of large investors have recently made changes to their positions in the company. Creative Planning increased its stake in shares of Citigroup by 15.4% in the second quarter. Creative Planning now owns 101,328 shares of the financial services provider’s stock worth $4,295,000 after buying an additional 13,519 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in shares of Citigroup by 7.2% in the second quarter. Gateway Investment Advisers LLC now owns 2,190,532 shares of the financial services provider’s stock worth $92,857,000 after buying an additional 147,289 shares in the last quarter. Atria Investments LLC purchased a new stake in shares of Citigroup during the second quarter worth approximately $534,000. Stillwater Capital Advisors LLC increased its stake in shares of Citigroup by 2.5% in the second quarter. Stillwater Capital Advisors LLC now owns 16,518 shares of the financial services provider’s stock worth $700,000 after buying an additional 408 shares in the last quarter. Finally, Webster Bank N. A. increased its stake in shares of Citigroup by 48.8% in the second quarter. Webster Bank N. A. now owns 10,030 shares of the financial services provider’s stock worth $425,000 after buying an additional 3,290 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.
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.