Citigroup Inc. (NYSE:C - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eighteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $150.87.
A number of analysts have recently issued reports on the stock. Evercore set a $135.00 price objective on shares of Citigroup in a research note on Wednesday, October 14th. Zacks Research cut shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. UBS Group set a $148.00 target price on shares of Citigroup in a research note on Wednesday, October 14th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Citigroup in a report on Wednesday, October 14th. Finally, Wall Street Zen raised shares of Citigroup from a "hold" rating to a "buy" rating in a research note on Saturday, November 7th.
Check Out Our Latest Stock Report on Citigroup
Latest Citigroup News
Investors following C have been watching these news items:
- Positive Sentiment: Commentary highlighted Citi’s discount to industry peers, improving earnings outlook and ongoing transformation as potential reasons the stock could be attractive. Another report noted shares were up 1.6% since the latest earnings release, though that past performance does not guarantee further gains. Article: C Trades at a Discount to Industry Article: Citigroup Up Since Last Earnings Report
- Positive Sentiment: Citi is redesigning about 100 processes, amid broader banking-sector efforts to adopt AI. If the work improves efficiency, it could support the bank’s transformation goals, although the report did not quantify expected savings. Article: Citi Is Redesigning 100 Processes
- Neutral Sentiment: Citigroup plans to redeem $1 billion of its 4.150% Series Y preferred stock, ending dividend accrual on November 15. The move simplifies its capital structure and may reduce preferred-dividend costs, but the redemption itself does not establish a material benefit to common shareholders. Article: Citigroup Redeems Preferred Stock
Citigroup Trading Down 0.0%
Shares of C traded down $0.02 during mid-day trading on Friday, reaching $124.04. The company had a trading volume of 7,625,348 shares, compared to its average volume of 9,236,826. Citigroup has a fifty-two week low of $95.83 and a fifty-two week high of $147.96. The firm has a fifty day simple moving average of $127.87 and a 200-day simple moving average of $126.82. The stock has a market cap of $211.56 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 0.54 and a beta of 1.18. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.78.
Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.66 by $0.19. The firm had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. Citigroup's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.86 EPS. On average, sell-side analysts anticipate that Citigroup will post 11.44 EPS for the current fiscal year.
Citigroup Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.67 per share. The ex-dividend date is Monday, November 2nd. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. Citigroup's dividend payout ratio (DPR) is currently 26.15%.
Institutional Trading of Citigroup
A number of hedge funds and other institutional investors have recently modified their holdings of C. Russell Investments Group Ltd. boosted its stake in Citigroup by 8.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,912,171 shares of the company's stock valued at $507,417,000 after purchasing an additional 298,981 shares in the last quarter. Compass Financial Management LLC acquired a new position in shares of Citigroup during the 2nd quarter valued at $898,000. Andra AP fonden raised its stake in shares of Citigroup by 22.3% in the 2nd quarter. Andra AP fonden now owns 274,600 shares of the company's stock worth $38,433,000 after buying an additional 50,100 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Citigroup by 30.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 131,946 shares of the company's stock worth $18,467,000 after buying an additional 31,007 shares in the last quarter. Finally, Saudi Central Bank raised its stake in shares of Citigroup by 80.8% in the 2nd quarter. Saudi Central Bank now owns 119,392 shares of the company's stock worth $16,710,000 after buying an additional 53,348 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.
About Citigroup
(
Get Free Report)
Citigroup Inc. is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions. The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.
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