Analysts at Raymond James Financial, Inc. initiated coverage on shares of Citigroup Inc. (NYSE:C) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

A number of other equities analysts have also recently commented on the stock. BidaskClub cut shares of Citigroup from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. Societe Generale cut shares of Citigroup from a “hold” rating to a “sell” rating and set a $65.00 price target for the company. in a research note on Monday, October 16th. Nomura lifted their price target on shares of Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Morgan Stanley lifted their price target on shares of Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Finally, Royal Bank Of Canada lifted their price target on shares of Citigroup from $75.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Citigroup currently has a consensus rating of “Buy” and a consensus target price of $74.77.

Citigroup (NYSE C) traded down 0.49% during mid-day trading on Tuesday, reaching $73.42. 1,324,398 shares of the company’s stock traded hands. Citigroup has a one year low of $47.70 and a one year high of $76.14. The firm has a market cap of $194.12 billion, a price-to-earnings ratio of 14.17 and a beta of 1.45. The firm’s 50-day moving average price is $72.49 and its 200 day moving average price is $66.53.

Citigroup (NYSE:C) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same period last year, the company posted $1.24 EPS. The business’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts forecast that Citigroup will post $5.32 EPS for the current year.

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In related news, CEO Francisco Aristeguieta sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $67.55, for a total transaction of $2,702,000.00. Following the completion of the transaction, the chief executive officer now owns 77,570 shares in the company, valued at approximately $5,239,853.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey R. Walsh sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $68.97, for a total transaction of $344,850.00. Following the transaction, the insider now owns 56,394 shares of the company’s stock, valued at approximately $3,889,494.18. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Citigroup by 2,718.7% during the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after acquiring an additional 189,447,104 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Citigroup by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after acquiring an additional 4,391,347 shares in the last quarter. State Street Corp raised its stake in shares of Citigroup by 7.7% during the 4th quarter. State Street Corp now owns 133,941,548 shares of the financial services provider’s stock worth $7,960,137,000 after acquiring an additional 9,581,819 shares in the last quarter. FMR LLC raised its stake in shares of Citigroup by 3.8% during the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Citigroup by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after purchasing an additional 2,943,282 shares during the last quarter. Hedge funds and other institutional investors own 72.31% of the company’s stock.

About Citigroup

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.

Analyst Recommendations for Citigroup (NYSE:C)

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