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

Citigroup Inc (NYSE:C) has received an average rating of “Buy” from the twenty-five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $82.66.

A number of brokerages have recently commented on C. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Thursday, November 29th. BMO Capital Markets upped their price target on Citigroup to $92.00 and gave the company a “market perform” rating in a research note on Monday, October 15th. Vining Sparks reaffirmed a “buy” rating and issued a $77.00 price target on shares of Citigroup in a research note on Tuesday, October 9th. ValuEngine cut Citigroup from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, Deutsche Bank upped their price target on Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, September 27th.

NYSE C traded down $2.20 on Thursday, hitting $60.06. 37,744,656 shares of the company were exchanged, compared to its average volume of 16,726,947. The company has a market cap of $160.01 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.32. Citigroup has a 1-year low of $58.36 and a 1-year high of $80.70.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.07. The firm had revenue of $18.39 billion during the quarter, compared to analysts’ expectations of $18.43 billion. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. During the same period in the previous year, the business posted $1.42 EPS. On average, equities analysts expect that Citigroup will post 6.69 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Monday, November 5th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Friday, November 2nd. Citigroup’s dividend payout ratio (DPR) is presently 33.77%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC increased its position in shares of Citigroup by 2.1% in the second quarter. FMR LLC now owns 107,588,759 shares of the financial services provider’s stock worth $7,199,839,000 after purchasing an additional 2,247,392 shares during the period. Bank of New York Mellon Corp boosted its stake in Citigroup by 96,369.8% in the third quarter. Bank of New York Mellon Corp now owns 41,578,475 shares of the financial services provider’s stock valued at $2,982,839,000 after buying an additional 41,535,375 shares in the last quarter. ValueAct Holdings L.P. boosted its stake in Citigroup by 4.2% in the third quarter. ValueAct Holdings L.P. now owns 26,225,500 shares of the financial services provider’s stock valued at $1,881,417,000 after buying an additional 1,050,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Citigroup by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 17,152,945 shares of the financial services provider’s stock valued at $1,230,679,000 after buying an additional 350,881 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Citigroup by 0.5% in the third quarter. Morgan Stanley now owns 16,607,640 shares of the financial services provider’s stock valued at $1,191,430,000 after buying an additional 79,843 shares in the last quarter. Institutional investors and hedge funds own 72.79% of the company’s stock.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Analyst Recommendations for Citigroup (NYSE:C)

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