Somewhat Favorable News Coverage Somewhat Unlikely to Impact Citigroup (C) Stock Price

Headlines about Citigroup (NYSE:C) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Citigroup earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.7671385305656 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news articles that may have effected Accern Sentiment’s analysis:

C has been the subject of a number of analyst reports. Morgan Stanley lowered their price target on Citigroup from $93.00 to $88.00 and set an “overweight” rating for the company in a research report on Monday, April 30th. ValuEngine lowered Citigroup from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Daiwa Capital Markets lowered Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 price target for the company. in a research report on Thursday, May 17th. Deutsche Bank raised Citigroup from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Wednesday, June 20th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $85.00 price target on shares of Citigroup in a research report on Monday, July 16th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $81.65.

Shares of Citigroup stock opened at $72.39 on Tuesday. Citigroup has a 1 year low of $64.38 and a 1 year high of $80.70. The firm has a market cap of $181.63 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 0.96 and a beta of 1.49. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.30.

Citigroup (NYSE:C) last announced its earnings results on Friday, July 13th. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.08. Citigroup had a positive return on equity of 8.78% and a negative net margin of 5.45%. The firm had revenue of $18.47 billion during the quarter, compared to analyst estimates of $18.43 billion. equities analysts expect that Citigroup will post 6.58 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Monday, August 6th were given a dividend of $0.45 per share. The ex-dividend date was Friday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.32. This represents a $1.80 annualized dividend and a dividend yield of 2.49%. Citigroup’s dividend payout ratio (DPR) is currently 33.77%.

In other news, insider Raja Akram sold 500 shares of the stock in a transaction on Thursday, July 19th. The stock was sold at an average price of $69.21, for a total transaction of $34,605.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Francisco Aristeguieta sold 15,000 shares of the stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $72.36, for a total value of $1,085,400.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Citigroup Company Profile

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.

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