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.

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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.

About Citigroup

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.

5 Day Chart for NYSE:C

To view Vetr’s full report, visit Vetr’s official website.

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