Citigroup (C) Price Target Increased to $84.00 by Analysts at Nomura
A number of other research firms have also weighed in on C. Keefe, Bruyette & Woods set a $75.00 price target on shares of Citigroup and gave the stock a buy rating in a research report on Sunday, August 13th. Wells Fargo & Company restated a buy rating on shares of Citigroup in a research report on Monday, October 2nd. Vetr lowered shares of Citigroup from a buy rating to a hold rating and set a $76.38 price target on the stock. in a research report on Wednesday, November 29th. Raymond James Financial restated an underperform rating on shares of Citigroup in a research report on Wednesday, September 27th. Finally, Deutsche Bank restated a hold rating and set a $67.00 price target (up from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $75.97.
Citigroup (C) traded up $0.14 on Monday, reaching $75.85. 10,461,600 shares of the company’s stock were exchanged, compared to its average volume of 16,854,146. Citigroup has a one year low of $55.23 and a one year high of $77.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $200,177.39, a PE ratio of 14.59, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is 24.66%.
A number of institutional investors and hedge funds have recently made changes to their positions in C. Catamount Wealth Management purchased a new stake in Citigroup during the 2nd quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,030 shares in the last quarter. Patten Group Inc. grew its holdings in Citigroup by 6.6% during the 1st quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 110 shares in the last quarter. Balentine LLC grew its holdings in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares in the last quarter. Finally, Acrospire Investment Management LLC grew its holdings in Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares in the last quarter. 78.59% of the stock is currently owned by hedge funds and other institutional investors.
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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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