The BMO Capital Markets Reiterates “Buy” Rating for Citigroup Inc (C)

The BMO Capital Markets Reiterates “Buy” Rating for Citigroup Inc (C)

Several other research firms have also recently commented on C. Vetr raised Citigroup from a “buy” rating to a “strong-buy” rating and set a $66.78 target price for the company in a research note on Monday, April 10th. Rafferty Capital Markets reaffirmed a “buy” rating and set a $66.00 price objective on shares of Citigroup in a research report on Monday, April 3rd. Nomura reaffirmed a “buy” rating and set a $69.00 price objective on shares of Citigroup in a research report on Monday, April 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $68.00 price objective on shares of Citigroup in a research report on Monday, May 15th. Finally, Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $53.00 to $69.00 in a research report on Wednesday, April 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $64.23.

Citigroup Inc (NYSE:C)‘s stock had its “buy” rating reiterated by equities researchers at BMO Capital Markets in a research report issued on Thursday. They presently have a $64.00 target price on the financial services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 4.73% from the stock’s current price.

Shares of Citigroup (C) opened at 61.11 on Thursday. Citigroup has a 1-year low of $38.31 and a 1-year high of $62.69. The firm has a 50-day moving average price of $60.32 and a 200-day moving average price of $59.22. The stock has a market capitalization of $168.25 billion, a PE ratio of 12.32 and a beta of 1.68.

Citigroup (NYSE:C) last released its 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 7.09% and a net margin of 18.10%. 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 firm posted $1.10 EPS. Citigroup’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 $5.20 earnings per share for the current year. The business also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Monday, May 1st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, April 27th. Citigroup’s dividend payout ratio is presently 13.56%.

Citigroup (NYSE:C) last released its 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 7.09% and a net margin of 18.10%. 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 firm posted $1.10 EPS. Citigroup’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 $5.20 earnings per share for the current year. A number of hedge funds have recently bought and sold shares of C. PICTET BANK & TRUST Ltd increased its position in shares of Citigroup by 14.1% in the third quarter. PICTET BANK & TRUST Ltd now owns 71,010 shares of the financial services provider’s stock worth $3,354,000 after buying an additional 8,790 shares during the period. ICM Asset Management Inc. WA increased its position in shares of Citigroup by 2.0% in the third quarter. ICM Asset Management Inc. WA now owns 10,150 shares of the financial services provider’s stock worth $479,000 after buying an additional 195 shares during the period. ARGA Investment Management LP increased its position in shares of Citigroup by 49.3% in the third quarter. ARGA Investment Management LP now owns 61,202 shares of the financial services provider’s stock worth $2,891,000 after buying an additional 20,200 shares during the period. ProVise Management Group LLC increased its position in shares of Citigroup by 17.0% in the third quarter. ProVise Management Group LLC now owns 49,141 shares of the financial services provider’s stock worth $2,321,000 after buying an additional 7,156 shares during the period. Finally, LSV Asset Management increased its position in shares of Citigroup by 1.9% in the third quarter. LSV Asset Management now owns 13,067,828 shares of the financial services provider’s stock worth $617,193,000 after buying an additional 249,744 shares during the period. 73.82% of the stock is 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “C”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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