Keefe, Bruyette & Woods Reiterates “Market Perform” Rating for Citigroup (NYSE:C)

Keefe, Bruyette & Woods restated their market perform rating on shares of Citigroup (NYSE:C) in a research note published on Wednesday, January 17th.

C has been the subject of a number of other reports. ValuEngine upgraded shares of Citigroup from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Deutsche Bank set a $74.00 target price on shares of Citigroup and gave the stock a neutral rating in a research report on Wednesday, January 17th. Raymond James Financial assumed coverage on shares of Citigroup in a research note on Tuesday, October 31st. They set a hold rating on the stock. Morgan Stanley upped their price target on shares of Citigroup from $73.00 to $79.00 and gave the company an overweight rating in a research note on Friday, October 13th. Finally, Wells Fargo & Co set a $100.00 target price on shares of Citigroup and gave the company a buy rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Citigroup presently has a consensus rating of Buy and a consensus price target of $79.44.

Citigroup (NYSE:C) traded up $1.81 during trading hours on Wednesday, reaching $73.68. 26,472,242 shares of the company traded hands, compared to its average volume of 17,230,000. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $194,810.00, a price-to-earnings ratio of 13.28, a P/E/G ratio of 1.07 and a beta of 1.54. Citigroup has a 1-year low of $56.55 and a 1-year high of $80.70.

Citigroup (NYSE:C) last issued its earnings results 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. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. analysts anticipate that Citigroup will post 6.4 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is 23.06%.

Institutional investors have recently added to or reduced their stakes in the stock. Catamount Wealth Management acquired a new stake in Citigroup during the 2nd quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares during the last quarter. Balentine LLC boosted its stake in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new stake in Citigroup during the 4th quarter worth $117,000. 80.94% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Citigroup (NYSE:C)

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