Citigroup Inc (C) Receives $79.91 Consensus Target Price from Analysts
Citigroup Inc (NYSE:C) has been given an average rating of “Buy” by the twenty-eight ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $80.11.
C has been the topic of a number of recent research reports. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 9th. Keefe, Bruyette & Woods boosted their price objective on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. DZ Bank raised Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Nomura set a $87.00 price objective on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Vetr lowered Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective on the stock. in a research note on Monday, January 29th.
Shares of Citigroup (NYSE:C) traded up $1.54 during trading hours on Friday, hitting $76.72. The stock had a trading volume of 12,694,595 shares, compared to its average volume of 17,287,867. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $201,950.00, a price-to-earnings ratio of 13.81, a PEG ratio of 1.09 and a beta of 1.54. Citigroup has a 12-month low of $56.55 and a 12-month high of $80.70.
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 issued a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.67%. Citigroup’s dividend payout ratio is presently 23.06%.
Hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its position 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 acquiring an additional 6,688,305 shares in the last quarter. Lazard Asset Management LLC boosted its position 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 acquiring an additional 4,856,866 shares in the last quarter. PointState Capital LP acquired a new position in shares of Citigroup during the 2nd quarter worth about $321,322,000. The Manufacturers Life Insurance Company boosted its position in shares of Citigroup by 42.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock valued at $990,836,000 after purchasing an additional 4,413,329 shares during the period. Finally, FMR LLC boosted its position in shares of Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after purchasing an additional 4,061,637 shares during the period. Hedge funds and other institutional investors own 80.71% of the company’s stock.
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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