Citigroup Inc. Announces Quarterly Dividend of $0.01 (C)
Citigroup (NYSE:C) announced a quarterly dividend on Thursday, October 17th, Analyst Ratings.Net reports. Investors of record on Monday, November 4th will be paid a dividend of $0.01 per share on Friday, November 22nd. This represents a $0.04 annualized dividend and a dividend yield of 0.08%.
A number of research firms have recently commented on C. Analysts at Sandler O’Neill cut their price target on shares of Citigroup from $57.00 to $56.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. On a related note, analysts at SunTrust cut their price target on shares of Citigroup from $58.00 to $56.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Societe Generale cut their price target on shares of Citigroup from $59.00 to $58.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $56.45.
Citigroup (NYSE:C) traded up 0.55% during mid-day trading on Thursday, hitting $51.12. 27,980,000 shares of the company’s stock traded hands. Citigroup has a 52-week low of $34.04 and a 52-week high of $53.56. The stock has a 50-day moving average of $49.54 and a 200-day moving average of $49.27. The company has a market cap of $155.5 billion and a price-to-earnings ratio of 16.33.
Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.11 by $0.09. The company had revenue of $18.20 million for the quarter, compared to the consensus estimate of $18.73 billion. During the same quarter last year, the company posted $1.06 earnings per share. Citigroup’s revenue was down 7.8% compared to the same quarter last year. On average, analysts predict that Citigroup will post $4.77 earnings per share for the current fiscal year.
Citigroup Inc (NYSE:C) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.
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