Citigroup (C) Rating Lowered to Hold at Vertical Group
A number of other equities analysts have also commented on the stock. BMO Capital Markets boosted their price target on shares of Citigroup from $75.00 to $75.00 and gave the company a market perform rating in a research report on Wednesday. They noted that the move was a valuation call. Keefe, Bruyette & Woods restated a market perform rating on shares of Citigroup in a research report on Wednesday. Royal Bank of Canada restated an outperform rating and issued a $85.00 price target on shares of Citigroup in a research report on Wednesday. Wells Fargo & Co set a $100.00 price target on shares of Citigroup and gave the company a buy rating in a research report on Wednesday. Finally, Deutsche Bank set a $74.00 price target on shares of Citigroup and gave the company a neutral rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $79.30.
Citigroup (NYSE C) traded up $0.91 during trading hours on Wednesday, reaching $78.30. 17,810,829 shares of the company’s stock were exchanged, compared to its average volume of 16,460,000. The firm has a market capitalization of $207,030.00, a price-to-earnings ratio of -27.09, a PEG ratio of 1.21 and a beta of 1.56. Citigroup has a 52-week low of $55.23 and a 52-week high of $78.44. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01.
Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 earnings per share. analysts expect that Citigroup will post 6.27 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is -44.29%.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. V Wealth Management LLC raised its stake in shares of Citigroup by 29.1% during the fourth quarter. V Wealth Management LLC now owns 4,181 shares of the financial services provider’s stock worth $315,000 after buying an additional 942 shares during the last quarter. Personal Capital Advisors Corp bought a new stake in shares of Citigroup during the fourth quarter worth approximately $314,000. Cibc Bank USA raised its stake in shares of Citigroup by 7.0% during the fourth quarter. Cibc Bank USA now owns 31,586 shares of the financial services provider’s stock worth $2,350,000 after buying an additional 2,080 shares during the last quarter. Diversified Trust Co raised its stake in shares of Citigroup by 50.9% during the fourth quarter. Diversified Trust Co now owns 36,431 shares of the financial services provider’s stock worth $2,711,000 after buying an additional 12,294 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Citigroup by 1,044.8% during the fourth quarter. State of Alaska Department of Revenue now owns 230,536 shares of the financial services provider’s stock worth $17,151,000 after buying an additional 210,398 shares during the last quarter. 78.53% of the stock is owned by institutional investors and hedge funds.
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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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