Citigroup (C) Stock Rating Reaffirmed by Jefferies Group
Jefferies Group reaffirmed their hold rating on shares of Citigroup (NYSE:C) in a research report released on Tuesday morning. The brokerage currently has a $83.00 price target on the financial services provider’s stock.
C has been the subject of several other research reports. ValuEngine raised shares of Citigroup from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Raymond James Financial assumed coverage on shares of Citigroup in a research note on Tuesday, October 31st. They issued a hold rating for the company. Morgan Stanley upped their target price on shares of Citigroup from $73.00 to $79.00 and gave the company an overweight rating in a research note on Friday, October 13th. BidaskClub upgraded shares of Citigroup from a buy rating to a strong-buy rating in a research note on Tuesday, October 10th. Finally, Deutsche Bank restated a hold rating and issued a $67.00 target price (up from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $79.30.
Citigroup (C) traded up $0.45 during trading on Tuesday, hitting $77.56. 15,450,904 shares of the stock traded hands, compared to its average volume of 16,365,630. Citigroup has a 52 week low of $55.23 and a 52 week high of $78.44. The firm has a market capitalization of $204,760.00, a price-to-earnings ratio of 14.94, a P/E/G ratio of 1.23 and a beta of 1.56. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11.
Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.09. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company 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 business earned $1.14 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. sell-side analysts forecast that Citigroup will post 5.25 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC raised its holdings in shares of Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after purchasing an additional 4,061,637 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of 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 raised its holdings in shares of 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 raised its holdings in shares of 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 raised its holdings in shares of 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. Hedge funds and other institutional investors own 78.53% 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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