BMO Capital Markets reiterated their hold rating on shares of Citigroup (NYSE:C) in a research note published on Friday. They currently have a $76.00 price objective on the financial services provider’s stock.
C has been the topic of several other research reports. ValuEngine upgraded Citigroup from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. Barclays boosted their target price on Citigroup from $76.00 to $93.00 and gave the company an overweight rating in a research note on Tuesday, January 2nd. Vertical Group cut Citigroup from a buy rating to a hold rating in a research note on Wednesday, January 17th. Jefferies Group restated a hold rating and issued a $83.00 target price on shares of Citigroup in a research note on Tuesday, January 16th. Finally, UBS upgraded Citigroup from a neutral rating to a buy rating and boosted their target price for the company from $78.00 to $80.00 in a research note on Thursday, April 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $80.92.
NYSE:C opened at $71.01 on Friday. Citigroup has a fifty-two week low of $57.55 and a fifty-two week high of $80.70. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. The stock has a market cap of $185,378.84, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.03 and a beta of 1.56.
Citigroup (NYSE:C) last released its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.07. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The business had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.89 billion. During the same quarter in the previous year, the business posted $1.35 EPS. Citigroup’s revenue for the quarter was up 2.8% on a year-over-year basis. equities analysts expect that Citigroup will post 6.4 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of Citigroup by 17.3% during the 3rd quarter. Principal Financial Group Inc. now owns 4,869,619 shares of the financial services provider’s stock worth $354,216,000 after acquiring an additional 717,320 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Citigroup by 17.0% during the 3rd quarter. Prudential Financial Inc. now owns 7,514,341 shares of the financial services provider’s stock worth $546,594,000 after acquiring an additional 1,092,980 shares during the last quarter. C WorldWide Group Holding A S increased its holdings in shares of Citigroup by 13.1% during the 3rd quarter. C WorldWide Group Holding A S now owns 6,603,267 shares of the financial services provider’s stock worth $480,322,000 after acquiring an additional 764,249 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Citigroup by 3.7% during the 3rd quarter. Macquarie Group Ltd. now owns 363,594 shares of the financial services provider’s stock worth $26,448,000 after acquiring an additional 13,019 shares during the last quarter. Finally, Harvey Capital Management Inc. increased its holdings in shares of Citigroup by 47.6% during the 3rd quarter. Harvey Capital Management Inc. now owns 124,635 shares of the financial services provider’s stock worth $9,065,000 after acquiring an additional 40,195 shares during the last quarter. Institutional investors own 80.16% of the company’s stock.
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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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