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.
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.
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.
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.