Citigroup (C) Price Target Raised to $87.00 at Keefe, Bruyette & Woods
Citigroup (NYSE:C) had its price target lifted by Keefe, Bruyette & Woods from $80.00 to $87.00 in a report issued on Thursday. The firm currently has an outperform rating on the financial services provider’s stock.
A number of other equities analysts also recently issued reports on C. ValuEngine upgraded Citigroup from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Societe Generale upgraded Citigroup from a sell rating to a hold rating and raised their target price for the company from $63.00 to $70.00 in a research report on Monday, September 11th. Credit Suisse Group restated a buy rating and issued a $73.00 target price on shares of Citigroup in a research report on Wednesday, September 13th. BidaskClub upgraded Citigroup from a hold rating to a buy rating in a research report on Thursday, September 21st. Finally, Atlantic Securities restated an overweight rating and issued a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $76.54.
Citigroup (NYSE C) opened at $74.77 on Thursday. The stock has a market capitalization of $197,692.02, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 1.47 and a beta of 1.55. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup has a 1 year low of $55.23 and a 1 year high of $77.92.
Citigroup (NYSE:C) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The company had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. Citigroup’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 earnings per share. equities analysts forecast that Citigroup will post 5.3 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.71%. Citigroup’s payout ratio is 24.66%.
A number of institutional investors have recently made changes to their positions in C. Catamount Wealth Management purchased a new position in Citigroup during the second quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,030 shares during the last quarter. Balentine LLC increased its stake in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new stake in Citigroup during the second quarter worth $123,000. Hedge funds and other institutional investors own 78.59% of the company’s stock.
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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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