Citigroup (NYSE:C) had its target price raised by stock analysts at Keefe, Bruyette & Woods from $80.00 to $87.00 in a research note issued on Thursday. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 15.78% from the company’s previous close.
A number of other equities research analysts also recently commented on the company. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Societe Generale upgraded Citigroup from a “sell” rating to a “hold” rating and increased their price objective for the company from $63.00 to $70.00 in a research report on Monday, September 11th. Credit Suisse Group reiterated a “buy” rating and set a $73.00 price objective on shares of Citigroup in a research report on Wednesday, September 13th. BidaskClub upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Finally, Atlantic Securities reiterated an “overweight” rating and set a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $76.54.
Citigroup (C) opened at $75.14 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $201,340.75, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 1.49 and a beta of 1.55. Citigroup has a one year low of $55.23 and a one year high of $77.92.
Citigroup (NYSE:C) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The firm had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. equities research analysts predict that Citigroup will post 5.3 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in C. BlackRock Inc. raised its holdings in shares of Citigroup by 2,718.7% during the first 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. Janus Henderson Group PLC raised its holdings in shares of Citigroup by 227.4% during the third quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock worth $700,395,000 after acquiring an additional 6,688,305 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Citigroup by 109.5% during the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after acquiring an additional 4,856,866 shares in the last quarter. PointState Capital LP purchased a new stake in shares of Citigroup during the second quarter worth $321,322,000. Finally, Pioneer Investment Management Inc. raised its holdings in shares of Citigroup by 2,317.8% during the second quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock worth $334,536,000 after acquiring an additional 4,795,145 shares in the last quarter. Institutional investors own 78.59% of the company’s stock.
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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.