Citigroup (NYSE:C) was downgraded by equities research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday, The Fly reports.

A number of other equities analysts have also recently issued reports on C. Wells Fargo & Co reaffirmed a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Raymond James Financial reaffirmed an “underperform” rating on shares of Citigroup in a research note on Wednesday, September 27th. Deutsche Bank reaffirmed a “hold” rating and issued a $67.00 price objective (up from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. Atlantic Securities reaffirmed an “overweight” rating and issued a $85.00 price objective (up from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Finally, BidaskClub raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $78.02.

Citigroup (NYSE:C) traded up $0.27 on Tuesday, hitting $77.11. 26,181,356 shares of the stock traded hands, compared to its average volume of 16,530,000. Citigroup has a twelve month low of $55.23 and a twelve month high of $78.44. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $203,880.00, a PE ratio of 14.86, a P/E/G ratio of 1.23 and a beta of 1.56.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. Citigroup’s revenue was up 1.4% compared to the same quarter last year. sell-side analysts anticipate that Citigroup will post 5.25 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC raised its holdings in shares of Citigroup by 3.8% during the second 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 during the period. Bank of New York Mellon Corp raised its holdings in shares of Citigroup by 6.8% during the second 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 acquiring an additional 2,943,282 shares during the period. Harris Associates L P raised its holdings in shares of Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after acquiring an additional 221,171 shares during the period. Northern Trust Corp raised its holdings in shares of Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock worth $2,280,461,000 after acquiring an additional 1,011,532 shares during the period. Finally, Boston Partners raised its holdings in shares of Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock worth $1,788,752,000 after acquiring an additional 817,162 shares during the period. Institutional investors own 78.53% of the company’s stock.

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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.

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