Vetr downgraded shares of Citigroup (NYSE:C) from a sell rating to a strong sell rating in a report issued on Monday morning. Vetr currently has $61.20 price objective on the financial services provider’s stock.

A number of other research firms have also recently commented on C. Bank of America reiterated a neutral rating on shares of Citigroup in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods lifted their target price on shares of Citigroup from $80.00 to $87.00 and gave the stock an outperform rating in a research note on Thursday, December 14th. Nomura set a $87.00 target price on shares of Citigroup and gave the stock a buy rating in a research note on Wednesday, January 17th. BMO Capital Markets lifted their target price on shares of Citigroup from $65.00 to $67.00 and gave the stock a market perform rating in a research note on Friday, October 13th. Finally, BidaskClub cut shares of Citigroup from a strong-buy rating to a buy rating in a research note on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Citigroup has an average rating of Buy and an average target price of $79.44.

Shares of Citigroup (NYSE:C) opened at $71.87 on Monday. Citigroup has a 1-year low of $56.37 and a 1-year high of $80.70. The firm has a market cap of $190,020.00, a PE ratio of 12.95, a PEG ratio of 1.09 and a beta of 1.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The company had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. Citigroup’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the business earned $1.14 EPS. sell-side analysts predict that Citigroup will post 6.4 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio is presently 23.06%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Analysts LLC increased its holdings in shares of Citigroup by 5.4% during the 2nd quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after purchasing an additional 2,367 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Citigroup by 5.2% during the 2nd quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock valued at $277,705,000 after purchasing an additional 205,298 shares in the last quarter. Bank of Hawaii increased its holdings in shares of Citigroup by 52.2% during the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 2,242 shares in the last quarter. Norinchukin Bank The increased its holdings in shares of Citigroup by 41.0% during the 2nd quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock valued at $9,181,000 after purchasing an additional 39,898 shares in the last quarter. Finally, Advisors Capital Management LLC increased its holdings in shares of Citigroup by 2.8% during the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock valued at $13,560,000 after purchasing an additional 5,125 shares in the last quarter. 80.94% of the stock is owned by institutional investors.

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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.

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

Analyst Recommendations for Citigroup (NYSE:C)

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