Citigroup Inc (NYSE:C) has been assigned an average rating of “Hold” from the twenty-eight research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $80.11.
Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Deutsche Bank set a $74.00 price objective on shares of Citigroup and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Wells Fargo & Co set a $100.00 price target on shares of Citigroup and gave the company a “buy” rating in a report on Wednesday, January 17th. Credit Suisse Group reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Citigroup in a research note on Thursday, January 4th. Finally, JPMorgan Chase & Co. set a $80.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th.
Citigroup (C) traded up $2.00 during trading on Tuesday, reaching $76.11. The company’s stock had a trading volume of 15,666,985 shares, compared to its average volume of 17,420,000. The stock has a market capitalization of $201,240.00, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.10 and a beta of 1.51. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup has a one year low of $56.55 and a one year high of $80.70.
The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s payout ratio is 23.53%.
A number of hedge funds have recently bought and sold shares of C. FMR LLC increased its position in shares of Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after purchasing an additional 4,061,637 shares in the last quarter. Harris Associates L P grew its holdings in Citigroup by 0.5% during the 2nd quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after purchasing an additional 221,171 shares in the last quarter. Northern Trust Corp boosted its stake in Citigroup by 3.1% during the 2nd quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after acquiring an additional 1,011,532 shares during the last quarter. Geode Capital Management LLC increased its stake in Citigroup by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 28,541,767 shares of the financial services provider’s stock valued at $2,119,402,000 after buying an additional 256,760 shares during the period. Finally, Boston Partners raised its holdings in Citigroup by 3.4% during the 3rd quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock worth $1,788,752,000 after purchasing an additional 817,162 shares during the last quarter. 79.06% of the stock is currently owned by institutional investors and hedge funds.
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Citigroup Company Profile
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.
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