Keefe, Bruyette & Woods Reiterates Market Perform Rating for Citigroup (C)

Keefe, Bruyette & Woods reissued their market perform rating on shares of Citigroup (NYSE:C) in a report issued on Wednesday morning.

Other analysts also recently issued reports about the stock. Royal Bank of Canada reissued a buy rating and issued a $75.00 price target on shares of Citigroup in a report on Wednesday, September 27th. Deutsche Bank set a $74.00 price objective on shares of Citigroup and gave the stock a neutral rating in a report on Wednesday. Jefferies Group set a $81.00 price objective on shares of Citigroup and gave the stock a neutral rating in a report on Thursday, October 12th. BidaskClub downgraded shares of Citigroup from a strong-buy rating to a buy rating in a report on Tuesday, October 17th. Finally, Raymond James Financial reaffirmed an underperform rating on shares of Citigroup in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $79.30.

Shares of Citigroup (C) traded up $0.91 during trading on Wednesday, reaching $78.30. 17,810,829 shares of the company’s stock were exchanged, compared to its average volume of 16,460,000. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup has a 12-month low of $55.23 and a 12-month high of $78.44. The company has a market cap of $207,030.00, a P/E ratio of -27.09, a PEG ratio of 1.47 and a beta of 1.56.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the prior year, the firm earned $1.14 EPS. The business’s revenue was up 1.4% on a year-over-year basis. analysts forecast that Citigroup will post 6.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is currently -44.29%.

Several institutional investors have recently made changes to their positions in the stock. V Wealth Management LLC increased its position in shares of Citigroup by 29.1% during the 4th quarter. V Wealth Management LLC now owns 4,181 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 942 shares in the last quarter. Personal Capital Advisors Corp acquired a new stake in Citigroup in the 4th quarter valued at about $314,000. Cibc Bank USA increased its position in Citigroup by 7.0% in the 4th quarter. Cibc Bank USA now owns 31,586 shares of the financial services provider’s stock valued at $2,350,000 after acquiring an additional 2,080 shares in the last quarter. Diversified Trust Co increased its position in Citigroup by 50.9% in the 4th quarter. Diversified Trust Co now owns 36,431 shares of the financial services provider’s stock valued at $2,711,000 after acquiring an additional 12,294 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in Citigroup by 1,044.8% in the 4th quarter. State of Alaska Department of Revenue now owns 230,536 shares of the financial services provider’s stock valued at $17,151,000 after acquiring an additional 210,398 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was published by BBNS and is the property of of BBNS. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://baseballnewssource.com/markets/keefe-bruyette-woods-reiterates-market-perform-rating-for-citigroup-c/1848536.html.

About Citigroup

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.

Analyst Recommendations for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.