Press coverage about Citigroup (NYSE:C) has been trending somewhat positive on Monday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Citigroup earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.8568318324885 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Google Searches May Signal Trouble for Mexico Election Favorite (bloombergquint.com)
- Coincheck Hackers Have Already Laundered 40% of 500 Million Stolen NEM (ccn.com)
- The Family Office Association Published a White Paper Authored by Linda Mack of Mack International Citing Best Practices in Recruiting and Retaining Top Talent. (prweb.com)
- Kroger earnings: We're getting 'Amazoned' (finance.yahoo.com)
- Report Shows Egypt is Covertly Mining Cryptocurrency on Citizens’ Computers (news.bitcoin.com)
Several brokerages have recently issued reports on C. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays raised their target price on shares of Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Vetr lowered shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 target price on the stock. in a research note on Wednesday, November 29th. Vertical Group lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $83.00 target price on shares of Citigroup in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $79.65.
Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter last year, the firm earned $1.14 EPS. Citigroup’s quarterly revenue was up 1.4% compared to the same quarter last year. research analysts anticipate that Citigroup will post 6.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.68%. The ex-dividend date was Friday, February 2nd. Citigroup’s payout ratio is 23.53%.
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Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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