UBS Group Reaffirms Neutral Rating for Citigroup (NYSE:C)

UBS Group reaffirmed their neutral rating on shares of Citigroup (NYSE:C - Free Report) in a report issued on Tuesday,Benzinga reports. The firm currently has a $89.00 price objective on the stock.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group upped their price target on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. decreased their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Morgan Stanley boosted their price objective on Citigroup from $94.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Wall Street Zen lowered Citigroup from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Finally, Royal Bank Of Canada decreased their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $87.97.

Citigroup Stock Up 3.5%

Citigroup stock traded up $3.05 during trading on Tuesday, hitting $90.55. 39,252,658 shares of the company were exchanged, compared to its average volume of 14,636,560. The business's 50 day moving average is $79.16 and its 200 day moving average is $75.03. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. Citigroup has a 52 week low of $53.51 and a 52 week high of $91.79. The company has a market capitalization of $169.12 billion, a P/E ratio of 14.31, a PEG ratio of 0.69 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.35. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The business had revenue of $21.67 billion for the quarter, compared to analysts' expectations of $20.75 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The business's revenue was up 8.2% on a year-over-year basis. Analysts predict that Citigroup will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be given a $0.60 dividend. This is an increase from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Monday, August 4th. Citigroup's payout ratio is currently 35.39%.

Insider Activity at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director directly owned 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company's stock.

Institutional Investors Weigh In On Citigroup

A number of hedge funds have recently made changes to their positions in C. Orion Capital Management LLC purchased a new stake in Citigroup during the fourth quarter valued at approximately $28,000. MorganRosel Wealth Management LLC purchased a new stake in Citigroup during the first quarter valued at approximately $28,000. American National Bank & Trust purchased a new stake in Citigroup during the first quarter valued at approximately $29,000. Accent Capital Management LLC raised its position in Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after purchasing an additional 212 shares during the period. Finally, Truvestments Capital LLC raised its holdings in shares of Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after buying an additional 246 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.