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.

Citigroup (NYSE:C) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. During the same period last year, the business earned $1.24 EPS. The business’s revenue was up 2.3% on a year-over-year basis. equities research analysts forecast that Citigroup will post 5.3 earnings per share for the current year.

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.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/21/citigroup-inc-c-receives-consensus-rating-of-buy-from-brokerages.html.

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)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.