Credit Suisse Group reissued their buy rating on shares of Citigroup (NYSE:C) in a research note issued to investors on Tuesday. The brokerage currently has a $83.00 price target on the financial services provider’s stock.
Several other research firms also recently weighed in on C. Nomura increased their target price on Citigroup to $84.00 and gave the stock a buy rating in a research report on Monday. Vetr upgraded Citigroup from a hold rating to a buy rating and set a $80.92 target price on the stock in a research report on Monday, December 4th. Raymond James Financial assumed coverage on Citigroup in a research report on Tuesday, October 31st. They set a hold rating on the stock. BidaskClub downgraded Citigroup from a strong-buy rating to a buy rating in a research report on Tuesday, October 17th. Finally, Societe Generale downgraded Citigroup from a hold rating to a sell rating and set a $65.00 price objective on the stock. in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Citigroup has an average rating of Buy and a consensus target price of $75.97.
Shares of Citigroup (NYSE:C) opened at $76.15 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $200,547.55, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 1.49 and a beta of 1.55. Citigroup has a twelve month low of $55.23 and a twelve month high of $77.92.
Citigroup (NYSE:C) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. During the same period in the prior year, the business earned $1.24 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. equities research analysts forecast that Citigroup will post 5.3 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were given a $0.32 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.28 annualized dividend and a dividend yield of 1.68%. Citigroup’s payout ratio is 24.66%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Citigroup by 2,718.7% during the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after acquiring an additional 189,447,104 shares in the last quarter. Janus Henderson Group PLC raised its stake in Citigroup by 227.4% during the 3rd quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock valued at $700,395,000 after acquiring an additional 6,688,305 shares in the last quarter. Lazard Asset Management LLC raised its stake in Citigroup by 109.5% during the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after acquiring an additional 4,856,866 shares in the last quarter. PointState Capital LP bought a new stake in Citigroup during the 2nd quarter valued at $321,322,000. Finally, Pioneer Investment Management Inc. raised its stake in Citigroup by 2,317.8% during the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock valued at $334,536,000 after acquiring an additional 4,795,145 shares in the last quarter. 78.59% of the stock is currently 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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