Jefferies Group LLC Reiterates “Hold” Rating for Citigroup Inc. (C)

Citigroup Inc. (NYSE:C)‘s stock had its “hold” rating restated by research analysts at Jefferies Group LLC in a research note issued to investors on Friday. They currently have a $68.00 price target on the financial services provider’s stock. Jefferies Group LLC’s target price would suggest a potential upside of 0.52% from the company’s previous close.

C has been the subject of several other reports. Vetr cut Citigroup from a “strong-buy” rating to a “buy” rating and set a $66.90 price target for the company. in a research report on Tuesday, April 25th. Zacks Investment Research upgraded Citigroup from a “sell” rating to a “hold” rating in a research report on Friday. BMO Capital Markets reiterated a “buy” rating and set a $64.00 price target on shares of Citigroup in a research report on Thursday, June 1st. Keefe, Bruyette & Woods upgraded Citigroup from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $53.00 to $69.00 in a research report on Wednesday, April 5th. Finally, Rafferty Capital Markets reiterated a “buy” rating and set a $66.00 price target on shares of Citigroup in a research report on Monday, April 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $65.68.

Citigroup (NYSE:C) opened at 67.65 on Friday. The stock has a market capitalization of $186.26 billion, a price-to-earnings ratio of 13.63 and a beta of 1.48. Citigroup has a 12-month low of $41.62 and a 12-month high of $68.91. The company has a 50 day moving average of $62.66 and a 200-day moving average of $60.18.

Citigroup (NYSE:C) last issued its quarterly earnings results on Thursday, April 13th. The financial services provider reported $1.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.11. Citigroup had a return on equity of 7.38% and a net margin of 18.55%. The firm had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.75 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities research analysts forecast that Citigroup will post $5.18 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new position in Citigroup during the first quarter valued at about $877,000. Advisor Partners LLC raised its position in Citigroup by 10.6% in the first quarter. Advisor Partners LLC now owns 48,936 shares of the financial services provider’s stock valued at $2,927,000 after buying an additional 4,685 shares during the last quarter. Capital Advisors Inc. OK raised its position in Citigroup by 2.1% in the first quarter. Capital Advisors Inc. OK now owns 393,431 shares of the financial services provider’s stock valued at $23,535,000 after buying an additional 8,070 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in Citigroup by 0.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 552,604 shares of the financial services provider’s stock valued at $32,841,000 after buying an additional 2,217 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its position in Citigroup by 7.5% in the first quarter. Diamond Hill Capital Management Inc. now owns 9,680,474 shares of the financial services provider’s stock valued at $579,086,000 after buying an additional 672,933 shares during the last quarter. 74.24% of the stock is currently owned by hedge funds and other institutional investors.

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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