Citigroup Inc. (NYSE:C) has been given an average rating of “Buy” by the twenty-seven ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $77.22.
C has been the subject of several research analyst reports. Atlantic Securities reaffirmed an “overweight” rating and set a $85.00 target price (up from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Bank of America reaffirmed a “neutral” rating on shares of Citigroup in a research report on Wednesday, October 11th. Raymond James Financial initiated coverage on Citigroup in a research report on Tuesday, October 31st. They set a “hold” rating for the company. Vetr lowered Citigroup from a “buy” rating to a “hold” rating and set a $76.38 target price for the company. in a research report on Wednesday, November 29th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $65.00 target price on shares of Citigroup in a research report on Friday, October 6th.
Shares of Citigroup (NYSE C) traded up $1.16 during trading hours on Thursday, reaching $75.82. The company’s stock had a trading volume of 13,984,115 shares, compared to its average volume of 16,994,018. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup has a fifty-two week low of $55.23 and a fifty-two week high of $77.92. The company has a market cap of $201,000.00, a PE ratio of 14.39, a PEG ratio of 1.46 and a beta of 1.55.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.69%. Citigroup’s dividend payout ratio is currently 24.66%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Atlantic Trust Group LLC lifted its position in Citigroup by 22.0% in the 3rd quarter. Atlantic Trust Group LLC now owns 2,869,902 shares of the financial services provider’s stock worth $208,757,000 after buying an additional 517,651 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in Citigroup by 63.4% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,679,400 shares of the financial services provider’s stock worth $122,160,000 after buying an additional 651,400 shares during the last quarter. AXA lifted its position in Citigroup by 28.1% in the 3rd quarter. AXA now owns 1,012,216 shares of the financial services provider’s stock worth $73,629,000 after buying an additional 222,340 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Citigroup in the 3rd quarter worth approximately $6,018,000. Finally, Optimum Investment Advisors lifted its position in Citigroup by 224.1% in the 3rd quarter. Optimum Investment Advisors now owns 12,865 shares of the financial services provider’s stock worth $936,000 after buying an additional 8,895 shares during the last quarter. Hedge funds and other institutional investors own 78.47% of the company’s stock.
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.
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