Citigroup’s (C) “Buy” Rating Reiterated at Credit Suisse Group
Credit Suisse Group reissued their buy rating on shares of Citigroup (NYSE:C) in a research report sent to investors on Tuesday. Credit Suisse Group currently has a $83.00 price objective on the financial services provider’s stock.
Several other brokerages also recently issued reports on C. Vetr upgraded shares of Citigroup from a hold rating to a buy rating and set a $80.92 price objective for the company in a research report on Monday, December 4th. Nomura raised their target price on shares of Citigroup to $84.00 and gave the stock a buy rating in a report on Monday. Stifel Nicolaus reaffirmed a hold rating on shares of Citigroup in a report on Monday, October 9th. BMO Capital Markets reaffirmed a hold rating and set a $65.00 target price on shares of Citigroup in a report on Friday, October 6th. Finally, J P Morgan Chase & Co reaffirmed an overweight rating and set a $78.50 target price (up from $77.50) on shares of Citigroup in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup has a consensus rating of Buy and a consensus price target of $76.54.
Shares of Citigroup (NYSE:C) traded down $1.22 during mid-day trading on Tuesday, reaching $73.92. 24,778,400 shares of the company’s stock traded hands, compared to its average volume of 16,907,383. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $198,670.31, a P/E ratio of 14.48, a PEG ratio of 1.47 and a beta of 1.55. Citigroup has a 1 year low of $55.23 and a 1 year high of $77.92.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were paid a $0.32 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.73%. Citigroup’s dividend payout ratio (DPR) is 24.66%.
Large investors have recently made changes to their positions in the stock. Vantage Financial Partners Ltd. Inc. bought a new position in Citigroup in the second quarter valued at approximately $1,034,000. Catamount Wealth Management bought a new stake in shares of Citigroup during the second quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares during the last quarter. Balentine LLC grew its stake in shares of Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares during the last quarter. Finally, Acrospire Investment Management LLC grew its stake in shares of Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the last quarter. 78.59% 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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