Citigroup Inc. (C) Receives Hold Rating from Argus
Several other equities analysts have also recently weighed in on the company. Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $63.00 target price (down previously from $70.00) on shares of Citigroup in a research note on Wednesday, July 6th. Vetr cut Citigroup from a strong-buy rating to a buy rating and set a $48.04 target price on the stock. in a research note on Monday, June 27th. Societe Generale cut Citigroup from a hold rating to a sell rating in a research note on Tuesday, September 13th. Jefferies Group reissued a buy rating on shares of Citigroup in a research note on Monday, August 1st. Finally, Drexel Hamilton reissued a buy rating and issued a $65.00 price target on shares of Citigroup in a research note on Monday, July 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $54.76.
Shares of Citigroup (NYSE:C) traded up 0.806% during mid-day trading on Tuesday, hitting $49.385. 3,528,226 shares of the company were exchanged. The stock has a market cap of $143.48 billion, a PE ratio of 10.452 and a beta of 1.86. Citigroup has a 12-month low of $34.52 and a 12-month high of $56.46. The stock’s 50-day moving average price is $47.58 and its 200 day moving average price is $45.20.
Citigroup (NYSE:C) last released its earnings results on Friday, October 14th. The financial services provider reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.08. Citigroup had a return on equity of 7.04% and a net margin of 17.58%. The company had revenue of $17.80 billion for the quarter, compared to analysts’ expectations of $17.32 billion. During the same quarter in the previous year, the business posted $1.31 EPS. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, equities analysts anticipate that Citigroup will post $4.61 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in C. BNP Paribas Arbitrage SA boosted its stake in Citigroup by 6.5% in the second quarter. BNP Paribas Arbitrage SA now owns 12,083,668 shares of the financial services provider’s stock valued at $206,341,000 after buying an additional 738,298 shares during the last quarter. Boston Advisors LLC purchased a new stake in Citigroup during the second quarter valued at $10,755,000. Sanders Capital LLC boosted its stake in Citigroup by 0.6% in the second quarter. Sanders Capital LLC now owns 16,006,239 shares of the financial services provider’s stock valued at $693,526,000 after buying an additional 89,414 shares during the last quarter. Legal & General Group Plc boosted its stake in Citigroup by 2.1% in the first quarter. Legal & General Group Plc now owns 14,126,657 shares of the financial services provider’s stock valued at $589,847,000 after buying an additional 289,283 shares during the last quarter. Finally, Orbis Allan Gray Ltd purchased a new stake in Citigroup during the first quarter valued at $181,532,000. 71.26% 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.
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