Citigroup (NYSE:C) had its price target hoisted by Nomura to $84.00 in a research note published on Monday. They currently have a buy rating on the financial services provider’s stock.

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.

Citigroup (NYSE:C) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. During the same quarter last year, the business earned $1.24 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. analysts predict that Citigroup will post 5.31 earnings per share for the current year.

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.

TRADEMARK VIOLATION NOTICE: “Citigroup (C) Price Target Increased to $84.00 by Analysts at Nomura” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/12/12/citigroup-c-price-target-increased-to-84-00-by-analysts-at-nomura.html.

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.

Analyst Recommendations for Citigroup (NYSE:C)

Receive News & Stock Ratings for Citigroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup Inc. and related stocks with our FREE daily email newsletter.