Citigroup (NYSE:C) had its price target hoisted by Morgan Stanley from $88.00 to $92.00 in a note issued to investors on Friday. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price target indicates a potential upside of 19.45% from the company’s current price.
Several other research analysts have also issued reports on C. Jefferies Group reiterated a “hold” rating and set a $83.00 price objective on shares of Citigroup in a research note on Tuesday, January 16th. Deutsche Bank set a $74.00 target price on Citigroup and gave the company a “neutral” rating in a research note on Wednesday, January 17th. BMO Capital Markets raised their target price on Citigroup from $75.00 to $75.00 and gave the company a “market perform” rating in a research note on Wednesday, January 17th. They noted that the move was a valuation call. Wells Fargo & Co set a $100.00 target price on Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating on shares of Citigroup in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $79.90.
Citigroup (NYSE:C) traded down $1.85 during trading on Friday, reaching $77.02. The company’s stock had a trading volume of 18,553,590 shares, compared to its average volume of 14,920,000. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup has a 1 year low of $55.23 and a 1 year high of $80.70. The firm has a market capitalization of $203,640.00, a price-to-earnings ratio of 13.88, a P/E/G ratio of 1.49 and a beta of 1.54.
A number of institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its holdings in 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 buying an additional 6,688,305 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in 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 buying an additional 4,856,866 shares during the last quarter. PointState Capital LP bought a new position in Citigroup during the second quarter worth about $321,322,000. The Manufacturers Life Insurance Company boosted its holdings in Citigroup by 42.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after buying an additional 4,413,329 shares during the last quarter. Finally, FMR LLC boosted its holdings in 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 buying an additional 4,061,637 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.
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Citigroup Company Profile
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.
