JPMorgan Chase & Co. set a $80.00 price target on Citigroup (NYSE:C) in a research note published on Wednesday morning. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on C. BidaskClub upgraded shares of Citigroup from a hold rating to a buy rating in a research note on Thursday, September 21st. Atlantic Securities reiterated an overweight rating and set a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Deutsche Bank reiterated a hold rating and set a $67.00 target price (up previously from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. Raymond James Financial reiterated an underperform rating on shares of Citigroup in a research note on Wednesday, September 27th. Finally, Royal Bank of Canada reiterated a buy rating and set a $75.00 target price on shares of Citigroup in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Citigroup presently has an average rating of Buy and a consensus target price of $79.30.

Shares of Citigroup (C) traded up $0.91 during mid-day trading on Wednesday, hitting $78.30. The company’s stock had a trading volume of 17,810,829 shares, compared to its average volume of 16,460,000. The stock has a market capitalization of $207,030.00, a price-to-earnings ratio of -27.09, a price-to-earnings-growth ratio of 1.47 and a beta of 1.56. Citigroup has a 12 month low of $55.23 and a 12 month high of $78.44. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. research analysts forecast that Citigroup will post 6.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%. Citigroup’s payout ratio is currently -44.29%.

Hedge funds have recently bought and sold shares of the company. Catamount Wealth Management acquired a new stake in shares of Citigroup during the 2nd quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of 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 purchasing an additional 1,030 shares in the last quarter. Balentine LLC increased its stake in shares of 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 purchasing an additional 272 shares in the last quarter. Acrospire Investment Management LLC increased its stake in shares of 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 purchasing an additional 300 shares in the last quarter. Finally, Sawyer & Company Inc purchased a new position in shares of Citigroup during the 4th quarter worth approximately $117,000. Institutional investors own 78.53% of the company’s stock.

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About Citigroup

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)

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