Citigroup Inc. (NYSE:C) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday. The brokerage currently has a $63.15 target price on the financial services provider’s stock. Vetr‘s price target would indicate a potential upside of 12.13% from the stock’s current price.
A number of other equities research analysts have also commented on C. Compass Point initiated coverage on Citigroup in a research report on Tuesday, October 11th. They issued a “sell” rating and a $39.00 price target on the stock. Argus reiterated a “hold” rating on shares of Citigroup in a research report on Tuesday, October 18th. Morgan Stanley upgraded Citigroup from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 14th. Macquarie lowered Citigroup from an “outperform” rating to a “neutral” rating and upped their price target for the company from $55.45 to $57.00 in a research report on Friday, November 18th. Finally, Jefferies Group LLC set a $36.00 price target on Citigroup and gave the company a “buy” rating in a research report on Saturday, November 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $59.55.
Citigroup (NYSE:C) traded down 1.52% during trading on Wednesday, reaching $56.32. The company had a trading volume of 18,626,642 shares. Citigroup has a 12-month low of $34.52 and a 12-month high of $61.63. The firm has a market capitalization of $156.14 billion, a PE ratio of 11.93 and a beta of 1.68. The firm’s 50 day moving average price is $58.51 and its 200 day moving average price is $51.97.
Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, January 18th. The financial services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. Citigroup had a return on equity of 7.09% and a net margin of 18.10%. The firm had revenue of $17 billion for the quarter, compared to analyst estimates of $17.26 billion. During the same quarter in the previous year, the company posted $1.06 EPS. The business’s revenue was down 7.8% on a year-over-year basis. Analysts anticipate that Citigroup will post $5.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Monday, February 6th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, February 2nd. Citigroup’s dividend payout ratio (DPR) is 13.56%.
In other Citigroup news, insider W. Bradford Hu sold 10,109 shares of the stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of $55.96, for a total transaction of $565,699.64. Following the completion of the transaction, the insider now directly owns 37,137 shares of the company’s stock, valued at $2,078,186.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Gemmer Asset Management LLC raised its position in shares of Citigroup by 3.2% in the third quarter. Gemmer Asset Management LLC now owns 2,234 shares of the financial services provider’s stock valued at $106,000 after buying an additional 69 shares during the period. City Holding Co. raised its position in shares of Citigroup by 26.6% in the third quarter. City Holding Co. now owns 2,305 shares of the financial services provider’s stock valued at $109,000 after buying an additional 485 shares during the period. Enterprise Financial Services Corp raised its position in shares of Citigroup by 44.5% in the third quarter. Enterprise Financial Services Corp now owns 2,447 shares of the financial services provider’s stock valued at $116,000 after buying an additional 753 shares during the period. Patten Group Inc. raised its position in shares of Citigroup by 12.3% in the third quarter. Patten Group Inc. now owns 2,426 shares of the financial services provider’s stock valued at $118,000 after buying an additional 265 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Citigroup during the fourth quarter valued at $126,000. 74.15% of the stock is owned by institutional investors and hedge funds.
Citigroup Inc (Citi) is a financial services holding company. The Company’s 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.
To view Vetr’s full report, visit Vetr’s official website.