Citigroup Inc (NYSE:C) gapped up before the market opened on Wednesday . The stock had previously closed at $67.90, but opened at $69.43. Citigroup shares last traded at $70.51, with a volume of 17429725 shares trading hands.

C has been the subject of several research reports. Daiwa Capital Markets lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 price target for the company. in a research report on Thursday, May 17th. Deutsche Bank raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Wednesday, June 20th. ValuEngine lowered shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Royal Bank of Canada reissued a “buy” rating and issued a $85.00 target price on shares of Citigroup in a report on Monday, July 16th. Finally, Morgan Stanley reduced their target price on shares of Citigroup from $88.00 to $84.00 and set an “overweight” rating for the company in a report on Monday, July 16th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $81.65.

The company has a debt-to-equity ratio of 1.30, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $178.98 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 0.95 and a beta of 1.45.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, July 13th. The financial services provider reported $1.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.08. Citigroup had a positive return on equity of 8.78% and a negative net margin of 5.45%. The business had revenue of $18.47 billion during the quarter, compared to the consensus estimate of $18.43 billion. equities analysts forecast that Citigroup Inc will post 6.58 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Monday, August 6th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.55%. This is an increase from Citigroup’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, August 3rd. Citigroup’s dividend payout ratio is presently 33.77%.

In other news, insider Raja Akram sold 500 shares of the stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $69.21, for a total transaction of $34,605.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Francisco Aristeguieta sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total value of $1,085,400.00. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Elgethun Capital Management increased its stake in Citigroup by 2.7% in the first quarter. Elgethun Capital Management now owns 26,857 shares of the financial services provider’s stock worth $1,813,000 after purchasing an additional 694 shares during the period. Front Barnett Associates LLC increased its stake in Citigroup by 0.5% in the second quarter. Front Barnett Associates LLC now owns 134,048 shares of the financial services provider’s stock worth $8,970,000 after purchasing an additional 700 shares during the period. Derby & Company Inc. increased its stake in Citigroup by 6.7% in the first quarter. Derby & Company Inc. now owns 11,712 shares of the financial services provider’s stock worth $791,000 after purchasing an additional 731 shares during the period. Sunbelt Securities Inc. increased its stake in Citigroup by 6.2% in the first quarter. Sunbelt Securities Inc. now owns 12,738 shares of the financial services provider’s stock worth $860,000 after purchasing an additional 749 shares during the period. Finally, Arete Wealth Advisors LLC increased its stake in Citigroup by 6.8% in the first quarter. Arete Wealth Advisors LLC now owns 11,911 shares of the financial services provider’s stock worth $804,000 after purchasing an additional 759 shares during the period. Hedge funds and other institutional investors own 74.83% of the company’s stock.

Citigroup Company Profile (NYSE:C)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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