Nomura set a $87.00 price objective on Citigroup (NYSE:C) in a research note issued to investors on Wednesday. The brokerage currently has a buy rating on the financial services provider’s stock.

C has been the topic of a number of other research reports. Atlantic Securities reissued an overweight rating and set a $85.00 price target (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Bank of America reissued a neutral rating on shares of Citigroup in a research report on Wednesday, October 11th. ValuEngine raised Citigroup from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Barclays boosted their price target on Citigroup from $76.00 to $93.00 and gave the stock an overweight rating in a research report on Tuesday, January 2nd. Finally, Raymond James Financial initiated coverage on Citigroup in a research report on Tuesday, October 31st. They set a hold rating on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Citigroup has a consensus rating of Buy and an average price target of $79.30.

Citigroup (NYSE C) traded up $0.91 during trading hours on Wednesday, hitting $78.30. The company had a trading volume of 17,728,961 shares, compared to its average volume of 12,630,125. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $201,231.02, a P/E ratio of -25.26, a P/E/G ratio of 1.49 and a beta of 1.56. Citigroup has a twelve month low of $55.23 and a twelve month high of $78.44.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio is presently -41.29%.

Large investors have recently modified their holdings of the company. Catamount Wealth Management bought a new stake in shares of Citigroup in the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,030 shares during the period. Balentine LLC boosted its stake in shares of Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares during the period. Finally, Sawyer & Company Inc bought a new stake in shares of Citigroup in the fourth quarter valued at 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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