Citigroup Inc (NYSE:C) has been assigned an average rating of “Hold” from the thirty ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $81.01.
Several equities analysts have recently issued reports on C shares. ValuEngine lowered Citigroup from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 1st. Morgan Stanley lifted their price target on Citigroup from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Thursday, March 15th. Zacks Investment Research lowered Citigroup from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. TheStreet lowered Citigroup from a “b-” rating to a “c+” rating in a research note on Tuesday, March 27th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $74.00 price target on shares of Citigroup in a research note on Thursday, April 5th.
Citigroup stock traded down $1.13 during mid-day trading on Thursday, reaching $66.16. 23,990,104 shares of the company were exchanged, compared to its average volume of 17,088,480. Citigroup has a 12 month low of $63.16 and a 12 month high of $80.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $175.05 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 0.99 and a beta of 1.51.
Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.07. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The firm had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same quarter last year, the company earned $1.35 EPS. The company’s revenue was up 2.8% on a year-over-year basis. sell-side analysts expect that Citigroup will post 6.47 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Monday, May 7th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, May 4th. This represents a $1.28 dividend on an annualized basis and a yield of 1.93%. Citigroup’s dividend payout ratio is currently 24.02%.
In related news, CFO John C. Gerspach sold 12,966 shares of the business’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $72.31, for a total transaction of $937,571.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in C. Lourd Capital LLC lifted its holdings in Citigroup by 65.2% during the 4th quarter. Lourd Capital LLC now owns 9,501 shares of the financial services provider’s stock worth $707,000 after buying an additional 3,750 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Citigroup by 30.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,143,602 shares of the financial services provider’s stock worth $233,917,000 after buying an additional 729,368 shares during the period. Shine Investment Advisory Services Inc. lifted its holdings in Citigroup by 50.2% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 2,926 shares of the financial services provider’s stock worth $218,000 after buying an additional 978 shares during the period. FTB Advisors Inc. lifted its holdings in Citigroup by 9.5% during the 4th quarter. FTB Advisors Inc. now owns 20,299 shares of the financial services provider’s stock worth $1,518,000 after buying an additional 1,755 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Citigroup by 2.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 540,178 shares of the financial services provider’s stock worth $40,195,000 after buying an additional 13,475 shares during the period. 76.67% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Citigroup Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Citigroup and related companies with MarketBeat.com’s FREE daily email newsletter.