A number of other equities analysts have also weighed in on C. 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. Wells Fargo & Co set a $100.00 target price on shares of Citigroup and gave the stock a buy rating in a research report on Wednesday. Royal Bank of Canada restated an outperform rating and set a $85.00 target price on shares of Citigroup in a research report on Wednesday. Jefferies Group restated a hold rating and set a $83.00 target price on shares of Citigroup in a research report on Tuesday, January 16th. Finally, Raymond James Financial restated an underperform rating on shares of Citigroup in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $79.30.
Shares of Citigroup (C) traded up $0.91 during trading hours on Wednesday, hitting $78.30. 17,728,961 shares of the company were exchanged, compared to its average volume of 12,630,125. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup has a 12-month low of $55.23 and a 12-month high of $78.44. The company has a market capitalization of $201,231.02, a price-to-earnings ratio of -25.26, a price-to-earnings-growth ratio of 1.49 and a beta of 1.56.
Citigroup (NYSE:C) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. Citigroup’s revenue for the quarter was up 1.4% on a year-over-year basis. equities research analysts anticipate that Citigroup will post 6.33 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.63%. Citigroup’s dividend payout ratio (DPR) is currently -41.29%.
Institutional investors have recently added to or reduced their stakes in the company. Capital Analysts LLC lifted its holdings in shares of Citigroup by 5.4% in the 2nd quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after acquiring an additional 2,367 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Citigroup by 5.2% in the 2nd quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after acquiring an additional 205,298 shares during the last quarter. Bank of Hawaii lifted its holdings in shares of Citigroup by 52.2% in the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after acquiring an additional 2,242 shares during the last quarter. Norinchukin Bank The lifted its holdings in shares of Citigroup by 41.0% in the 2nd quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock worth $9,181,000 after acquiring an additional 39,898 shares during the last quarter. Finally, Advisors Capital Management LLC increased its stake in Citigroup by 2.8% in the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after buying an additional 5,125 shares during the period. Hedge funds and other institutional investors own 78.53% of the company’s stock.
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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.
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