Somewhat Positive News Coverage Somewhat Unlikely to Affect Citigroup (C) Share Price

News articles about Citigroup (NYSE:C) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Citigroup earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.8708784030723 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have effected Accern Sentiment’s analysis:

Shares of Citigroup (NYSE C) traded up $0.22 during mid-day trading on Tuesday, hitting $72.92. 13,113,191 shares of the stock traded hands, compared to its average volume of 16,955,236. Citigroup has a one year low of $56.55 and a one year high of $80.70. The firm has a market cap of $188,822.75, a price-to-earnings ratio of -23.52, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating 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 7.61%. The company had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the previous year, the business earned $1.14 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. sell-side analysts predict that Citigroup will post 6.41 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.76%. Citigroup’s dividend payout ratio is currently -41.29%.

C has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $85.00 target price on shares of Citigroup in a report on Wednesday, January 17th. DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Macquarie lifted their target price on shares of Citigroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. set a $80.00 target price on shares of Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company. Citigroup presently has a consensus rating of “Hold” and a consensus price target of $79.69.

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Citigroup Company Profile

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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