Citigroup (NYSE:C) Hits New 1-Year High at $64.93

Citigroup Inc. (NYSE:C - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $64.93 and last traded at $64.85, with a volume of 478172 shares. The stock had previously closed at $64.74.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on C shares. Oppenheimer decreased their price objective on Citigroup from $87.00 to $86.00 and set an "outperform" rating for the company in a research note on Tuesday, April 30th. Wells Fargo & Company reissued an "overweight" rating and issued a $80.00 price objective on shares of Citigroup in a research report on Monday, April 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Citigroup in a research report on Monday, April 1st. Jefferies Financial Group increased their price objective on shares of Citigroup from $56.00 to $65.00 and gave the company a "hold" rating in a research report on Monday, April 8th. Finally, StockNews.com raised shares of Citigroup from a "sell" rating to a "hold" rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $62.85.

Citigroup Price Performance

The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The company's 50 day moving average is $61.52 and its 200 day moving average is $54.87. The stock has a market cap of $121.75 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 0.95 and a beta of 1.49.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same period last year, the firm posted $1.86 EPS. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. Research analysts forecast that Citigroup Inc. will post 5.98 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.32%. Citigroup's dividend payout ratio (DPR) is presently 62.72%.

Institutional Investors Weigh In On Citigroup

A number of hedge funds and other institutional investors have recently modified their holdings of C. Atria Investments Inc grew its holdings in Citigroup by 4.9% in the first quarter. Atria Investments Inc now owns 251,385 shares of the company's stock valued at $15,898,000 after purchasing an additional 11,667 shares during the period. Swedbank AB purchased a new stake in Citigroup in the first quarter valued at approximately $253,286,000. LRI Investments LLC purchased a new stake in Citigroup in the first quarter valued at approximately $124,000. Bluefin Capital Management LLC grew its holdings in Citigroup by 103.3% in the first quarter. Bluefin Capital Management LLC now owns 5,691 shares of the company's stock valued at $360,000 after purchasing an additional 2,891 shares during the period. Finally, Rokos Capital Management LLP purchased a new stake in Citigroup in the first quarter valued at approximately $45,100,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

About Citigroup

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.