Citigroup (C) Upgraded at ValuEngine
Citigroup (NYSE:C) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.
A number of other research analysts also recently weighed in on the company. Raymond James Financial initiated coverage on Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating on the stock. Morgan Stanley raised their price objective on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Jefferies Group set a $81.00 price objective on Citigroup and gave the company a “neutral” rating in a research note on Thursday, October 12th. Nomura raised their price objective on Citigroup to $84.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $83.00 price objective on shares of Citigroup in a research note on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $79.44.
Shares of Citigroup (NYSE C) traded up $1.81 during mid-day trading on Friday, hitting $73.68. The company had a trading volume of 26,620,000 shares, compared to its average volume of 16,700,000. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup has a 1-year low of $56.37 and a 1-year high of $80.70. The company has a market cap of $194,810.00, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 1.09 and a beta of 1.54.
A number of hedge funds and other institutional investors have recently modified their holdings of C. Janus Henderson Group PLC grew its holdings in shares of Citigroup by 227.4% during the 3rd quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock worth $700,395,000 after purchasing an additional 6,688,305 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Citigroup by 109.5% during the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after purchasing an additional 4,856,866 shares in the last quarter. PointState Capital LP acquired a new stake in shares of Citigroup during the 2nd quarter worth approximately $321,322,000. The Manufacturers Life Insurance Company grew its holdings in shares of Citigroup by 42.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after purchasing an additional 4,413,329 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Citigroup by 3.8% during the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after purchasing an additional 4,061,637 shares in the last quarter. 80.94% of the stock is currently owned by institutional investors.
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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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