Citigroup Inc (C) Given Average Rating of “Buy” by Brokerages

Citigroup Inc (NYSE:C) has been assigned an average rating of “Buy” from the twenty-seven brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $79.91.

Several brokerages have recently weighed in on C. Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 price target on shares of Citigroup in a report on Wednesday, January 17th. DZ Bank raised Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday. Deutsche Bank set a $74.00 price objective on Citigroup and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. set a $80.00 price objective on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective on the stock. in a research note on Monday, January 29th.

Shares of Citigroup (NYSE:C) traded up $1.81 during mid-day trading on Friday, reaching $73.68. The company’s stock had a trading volume of 26,504,140 shares, compared to its average volume of 17,779,820. Citigroup has a fifty-two week low of $56.55 and a fifty-two week high of $80.70. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $194,810.00, a P/E ratio of 13.28, a PEG ratio of 1.09 and a beta of 1.54.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. equities research analysts expect that Citigroup will post 6.4 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be given a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.74%. Citigroup’s payout ratio is 23.06%.

A number of hedge funds have recently modified their holdings of C. Beach Investment Management LLC. raised its stake in Citigroup by 895.5% in the 2nd quarter. Beach Investment Management LLC. now owns 349,614 shares of the financial services provider’s stock worth $23,382,000 after acquiring an additional 314,494 shares during the last quarter. Catamount Wealth Management purchased a new position in shares of Citigroup during the 2nd quarter valued at about $100,000. Halbert Hargrove Russell LLC raised its stake in shares of Citigroup by 1.6% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock valued at $317,000 after buying an additional 74 shares during the last quarter. ALGEBRIS UK Ltd purchased a new position in shares of Citigroup during the 2nd quarter valued at about $29,432,000. Finally, Everence Capital Management Inc. raised its stake in shares of Citigroup by 5.1% during the 2nd quarter. Everence Capital Management Inc. now owns 55,866 shares of the financial services provider’s stock valued at $3,736,000 after buying an additional 2,700 shares during the last quarter. Institutional investors own 80.94% 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.

Analyst Recommendations for Citigroup (NYSE:C)

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