Citigroup Inc. (NYSE:C) Receives Average Recommendation of “Moderate Buy” from Analysts

by · The Cerbat Gem

Citigroup Inc. (NYSE:C – Get Free Report) has earned a consensus rating of “Moderate Buy” from the seventeen research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $73.00.

Several research firms recently weighed in on C. Wells Fargo & Company upped their price target on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Evercore ISI upped their target price on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Barclays raised their price target on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. The Goldman Sachs Group dropped their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Finally, Morgan Stanley decreased their target price on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th.

Read Our Latest Report on C

Hedge Funds Weigh In On Citigroup

Institutional investors have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its stake in shares of Citigroup by 13.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after purchasing an additional 8,593 shares during the period. Lazard Asset Management LLC increased its position in Citigroup by 13.4% in the 1st quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock worth $12,739,000 after buying an additional 23,774 shares during the period. BDF Gestion acquired a new position in shares of Citigroup during the second quarter worth approximately $3,861,000. KBC Group NV boosted its position in shares of Citigroup by 1.8% in the third quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock valued at $71,270,000 after acquiring an additional 20,291 shares during the period. Finally, Summit Global Investments grew its stake in shares of Citigroup by 289.5% in the third quarter. Summit Global Investments now owns 30,640 shares of the company’s stock worth $1,918,000 after acquiring an additional 22,774 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Citigroup stock opened at $69.84 on Wednesday. Citigroup has a fifty-two week low of $44.56 and a fifty-two week high of $70.20. The firm’s 50 day simple moving average is $64.32 and its 200-day simple moving average is $62.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $132.09 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44.

Citigroup (NYSE:C – Get Free Report) last announced its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS. As a group, equities research analysts predict that Citigroup will post 5.85 EPS for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is 64.93%.

Citigroup Company Profile

(Get Free Report

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

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