Analysts Set Citigroup Inc (C) Target Price at $79.91
Citigroup Inc (NYSE:C) has been assigned a consensus rating of “Buy” from the twenty-eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $80.11.
Several equities analysts recently issued reports on C shares. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday. Keefe, Bruyette & Woods lifted their price objective on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. DZ Bank raised Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Nomura set a $87.00 price objective on Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a report on Monday, January 29th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Catamount Wealth Management acquired a new position in Citigroup in the second quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position 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 valued at $102,000 after acquiring an additional 1,030 shares during the period. Balentine LLC grew its position in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the period. Acrospire Investment Management LLC grew its position 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 valued at $114,000 after acquiring an additional 300 shares during the period. Finally, Sawyer & Company Inc purchased a new stake in Citigroup during the fourth quarter valued at about $117,000. 80.71% of the stock is owned by institutional investors.
Citigroup (NYSE:C) last issued 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. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. Citigroup’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. research analysts expect that Citigroup will post 6.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.72%. Citigroup’s dividend payout ratio (DPR) is 23.06%.
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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