Citigroup Inc (C) Receives Average Rating of “Hold” from Brokerages

Citigroup Inc (NYSE:C) has earned an average recommendation of “Hold” from the thirty analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $81.01.

Several equities analysts have recently issued reports on the company. Vining Sparks raised Citigroup to a “buy” rating and set a $80.00 target price for the company in a report on Friday, April 6th. Morgan Stanley upped their target price on Citigroup from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday, March 15th. HSBC raised Citigroup from a “hold” rating to a “buy” rating and upped their target price for the company from $82.00 to $85.00 in a report on Wednesday, April 11th. TheStreet lowered Citigroup from a “b-” rating to a “c+” rating in a report on Tuesday, March 27th. Finally, Zacks Investment Research lowered Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th.

In other Citigroup news, CFO John C. Gerspach sold 12,966 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $72.31, for a total transaction of $937,571.46. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of C. Stelac Advisory Services LLC purchased a new stake in shares of Citigroup during the first quarter worth $116,000. Bedel Financial Consulting Inc. purchased a new stake in shares of Citigroup in the first quarter worth $133,000. Twin Tree Management LP raised its position in shares of Citigroup by 100.4% in the first quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock worth $136,000 after buying an additional 535,686 shares in the last quarter. Clearwater Capital Advisors LLC purchased a new stake in shares of Citigroup in the first quarter worth $143,000. Finally, Risk Paradigm Group LLC raised its position in shares of Citigroup by 829.2% in the fourth quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock worth $145,000 after buying an additional 1,733 shares in the last quarter. Hedge funds and other institutional investors own 76.67% of the company’s stock.

C traded down $1.13 during midday trading on Thursday, reaching $66.16. 23,990,104 shares of the company were exchanged, compared to its average volume of 17,088,480. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $175.05 billion, a P/E ratio of 12.41, a P/E/G ratio of 0.99 and a beta of 1.51. Citigroup has a one year low of $63.16 and a one year high of $80.70.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.07. The firm had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.89 billion. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 EPS. equities analysts forecast that Citigroup will post 6.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Monday, May 7th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 4th. This represents a $1.28 annualized dividend and a yield of 1.93%. Citigroup’s payout ratio is 24.02%.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

Analyst Recommendations for Citigroup (NYSE:C)

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