Citigroup (NYSE:C) had its target price decreased by Credit Suisse Group from $75.00 to $65.00 in a research note issued to investors on Wednesday, The Fly reports. Credit Suisse Group currently has an outperform rating on the financial services provider’s stock.
Other analysts have also issued reports about the company. Wells Fargo & Company dropped their target price on Citigroup from $72.00 to $66.00 and set an overweight rating on the stock in a report on Tuesday, September 15th. They noted that the move was a valuation call. JPMorgan Chase & Co. downgraded Citigroup from an overweight rating to a neutral rating and set a $57.50 price target on the stock. in a research report on Thursday, October 8th. Royal Bank of Canada reiterated a buy rating and set a $58.00 price target on shares of Citigroup in a research report on Friday, July 3rd. Berenberg Bank increased their price target on Citigroup from $50.00 to $65.00 and gave the stock a buy rating in a research report on Monday, July 20th. Finally, Societe Generale upgraded Citigroup from a hold rating to a buy rating in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $69.40.
Citigroup stock opened at $43.19 on Wednesday. The firm has a market cap of $89.92 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 1.24 and a beta of 1.78. Citigroup has a 52 week low of $32.00 and a 52 week high of $83.11. The business’s 50-day moving average price is $46.81 and its 200 day moving average price is $48.19. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.60.
Citigroup (NYSE:C) last posted its earnings results on Monday, October 19th. The financial services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.01 by $0.39. The firm had revenue of $17.30 billion for the quarter, compared to analyst estimates of $17.18 billion. Citigroup had a return on equity of 7.40% and a net margin of 13.64%. Citigroup’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period last year, the company earned $1.97 earnings per share. Equities analysts expect that Citigroup will post 3.52 EPS for the current year.
In other Citigroup news, Director Gary M. Reiner sold 485 shares of the firm’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $102.74, for a total transaction of $49,828.90. Following the completion of the sale, the director now owns 4,462 shares of the company’s stock, valued at $458,425.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Hoylecohen LLC increased its stake in Citigroup by 0.8% during the second quarter. Hoylecohen LLC now owns 28,207 shares of the financial services provider’s stock worth $1,441,000 after acquiring an additional 210 shares during the last quarter. Washington Trust Bank grew its stake in shares of Citigroup by 1.4% in the second quarter. Washington Trust Bank now owns 15,565 shares of the financial services provider’s stock valued at $795,000 after buying an additional 222 shares in the last quarter. MV Capital Management Inc. grew its stake in shares of Citigroup by 12.2% in the second quarter. MV Capital Management Inc. now owns 2,069 shares of the financial services provider’s stock valued at $106,000 after buying an additional 225 shares in the last quarter. Analyst IMS Investment Management Services Ltd. grew its stake in shares of Citigroup by 0.8% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 28,845 shares of the financial services provider’s stock valued at $1,474,000 after buying an additional 231 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of Citigroup by 5.4% in the second quarter. Allworth Financial LP now owns 4,578 shares of the financial services provider’s stock valued at $234,000 after buying an additional 236 shares in the last quarter. 75.57% of the stock is owned by institutional investors.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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