Citigroup (C) Receives Average Recommendation of “Hold” from Brokerages

Citigroup (NYSE:C) has been given a consensus recommendation of “Hold” by the thirty research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $81.16.

A number of equities research analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Citigroup from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, March 15th. ValuEngine lowered Citigroup from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 1st. Vining Sparks raised Citigroup to a “buy” rating and set a $80.00 price objective on the stock in a report on Friday, April 6th. HSBC raised Citigroup from a “hold” rating to a “buy” rating and upped their price objective for the company from $82.00 to $85.00 in a report on Wednesday, April 11th. Finally, Daiwa Capital Markets lowered Citigroup from a “strong-buy” rating to a “buy” rating in a report on Thursday.

Shares of NYSE C traded down $1.60 during midday trading on Friday, reaching $69.96. 16,160,712 shares of the company traded hands, compared to its average volume of 13,991,435. The stock has a market cap of $179.80 billion, a PE ratio of 13.13, a PEG ratio of 1.01 and a beta of 1.55. Citigroup has a 12 month low of $59.87 and a 12 month high of $80.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.07. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The business had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.89 billion. During the same period in the previous year, the business posted $1.35 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. analysts predict that Citigroup will post 6.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Monday, May 7th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, May 4th. This represents a $1.28 annualized dividend and a dividend yield of 1.83%. Citigroup’s dividend payout ratio (DPR) is presently 24.02%.

In related news, CFO John C. Gerspach sold 12,966 shares of the company’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $72.31, for a total transaction of $937,571.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. ValueAct Holdings L.P. acquired a new position in Citigroup during the fourth quarter worth approximately $81,851,000. MetLife Investment Advisors LLC acquired a new stake in shares of Citigroup during the fourth quarter worth $60,873,000. Graticule Asia Macro Advisors LLC raised its holdings in shares of Citigroup by 86.0% during the third quarter. Graticule Asia Macro Advisors LLC now owns 120,000 shares of the financial services provider’s stock worth $8,729,000 after purchasing an additional 55,500 shares during the period. Personal Capital Advisors Corp acquired a new stake in shares of Citigroup during the fourth quarter worth $314,000. Finally, CapWealth Advisors LLC raised its holdings in shares of Citigroup by 2.2% during the third quarter. CapWealth Advisors LLC now owns 218,910 shares of the financial services provider’s stock worth $15,924,000 after purchasing an additional 4,665 shares during the period. Institutional investors own 79.74% of the company’s stock.

About Citigroup

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.

Analyst Recommendations for Citigroup (NYSE:C)

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