Citigroup (C) Given a $80.00 Price Target by JPMorgan Chase & Co. Analysts
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.
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.
TRADEMARK VIOLATION WARNING: “Citigroup (C) Given a $80.00 Price Target by JPMorgan Chase & Co. Analysts” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2018/01/20/citigroup-c-given-a-80-00-price-target-by-jpmorgan-chase-co-analysts.html.
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.
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.