Citigroup Inc. (NYSE:C) Given Consensus Rating of “Moderate Buy” by Brokerages

Citigroup Inc. (NYSE:C) has received a consensus recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $75.63.

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Barclays boosted their price target on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Bank of America upped their target price on shares of Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. The Goldman Sachs Group boosted their target price on Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Oppenheimer increased their target price on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of C. POM Investment Strategies LLC acquired a new position in Citigroup in the 2nd quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in Citigroup during the third quarter worth about $31,000. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup in the 3rd quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup during the 2nd quarter worth approximately $31,000. Finally, GHP Investment Advisors Inc. boosted its position in shares of Citigroup by 184.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after acquiring an additional 368 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Down 0.6 %

C stock opened at $71.01 on Friday. The business has a fifty day moving average price of $67.28 and a 200 day moving average price of $63.66. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup has a fifty-two week low of $49.17 and a fifty-two week high of $73.38. The stock has a market capitalization of $134.30 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 0.80 and a beta of 1.45.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter last year, the company posted $1.52 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. Analysts expect that Citigroup will post 5.86 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

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.