Shares of Citigroup Inc (NYSE:C) have been assigned a consensus recommendation of “Buy” from the twenty-five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and eighteen have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $74.34.
C has been the subject of several recent research reports. Bank of America boosted their price objective on Citigroup from $73.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Standpoint Research downgraded Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. Oppenheimer decreased their target price on Citigroup from $106.00 to $101.00 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Royal Bank of Canada restated a “buy” rating and set a $58.00 target price on shares of Citigroup in a report on Friday, July 3rd. Finally, Societe Generale upgraded Citigroup from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th.
Institutional investors have recently added to or reduced their stakes in the stock. Lenox Wealth Advisors LLC purchased a new stake in shares of Citigroup during the second quarter valued at $27,000. Rocky Mountain Advisers LLC bought a new position in Citigroup in the second quarter valued at about $36,000. Arlington Partners LLC lifted its holdings in Citigroup by 1,171.2% in the second quarter. Arlington Partners LLC now owns 750 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 691 shares during the period. CVA Family Office LLC bought a new position in Citigroup in the first quarter valued at about $37,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in Citigroup by 363.1% in the second quarter. Creative Financial Designs Inc. ADV now owns 940 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 737 shares during the period. 75.57% of the stock is currently owned by institutional investors.
C stock traded up $1.32 during midday trading on Wednesday, hitting $46.13. The company had a trading volume of 2,694,988 shares, compared to its average volume of 20,366,542. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.60. Citigroup has a 52 week low of $32.00 and a 52 week high of $83.11. The stock’s 50 day moving average price is $51.37 and its 200 day moving average price is $49.66. The stock has a market cap of $93.29 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 1.43 and a beta of 1.75.
Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Citigroup had a return on equity of 7.40% and a net margin of 13.64%. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.06 billion. During the same quarter in the previous year, the company posted $1.95 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. Analysts predict that Citigroup will post 3.22 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.42%. Citigroup’s dividend payout ratio is currently 26.91%.
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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