Citigroup Inc. (NYSE:C) Receives New Coverage from Analysts at Raymond James Financial, Inc.

Raymond James Financial, Inc. initiated coverage on shares of Citigroup Inc. (NYSE:C) in a research note released on Tuesday, October 31st. The brokerage issued a hold rating on the stock.

Other research analysts also recently issued reports about the stock. Vetr downgraded shares of Citigroup from a strong-buy rating to a buy rating and set a $73.42 target price on the stock. in a research report on Monday, July 3rd. Deutsche Bank AG reaffirmed a hold rating on shares of Citigroup in a research report on Monday, July 3rd. Zacks Investment Research raised shares of Citigroup from a sell rating to a hold rating in a research report on Friday, July 7th. Jefferies Group LLC reiterated a hold rating and issued a $68.00 target price on shares of Citigroup in a research note on Friday, July 7th. Finally, Buckingham Research restated a buy rating and issued a $81.00 price objective (up from $70.00) on shares of Citigroup in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of C$74.77.

Citigroup (C) opened at C$72.25 on Tuesday. The company has a market cap of $191,029.14, a price-to-earnings ratio of 13.92, a PEG ratio of 1.42 and a beta of 1.57. Citigroup has a one year low of C$51.60 and a one year high of C$76.14. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11.

Citigroup (NYSE:C) last posted its quarterly earnings results on Thursday, October 12th. The company reported C$1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.32 by C$0.10. The business had revenue of C$18.17 billion during the quarter, compared to analyst estimates of C$17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 EPS. sell-side analysts forecast that Citigroup will post 5.29 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.77%. Citigroup’s payout ratio is 24.66%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Citigroup by 2,718.7% during the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the company’s stock worth $11,749,573,000 after acquiring an additional 189,447,104 shares in the last quarter. FMR LLC grew its stake in shares of Citigroup by 18.2% during the 1st quarter. FMR LLC now owns 105,742,815 shares of the company’s stock worth $6,325,535,000 after acquiring an additional 16,257,931 shares in the last quarter. Harris Associates L P grew its stake in shares of Citigroup by 25.9% during the 1st quarter. Harris Associates L P now owns 41,129,780 shares of the company’s stock worth $2,460,384,000 after acquiring an additional 8,464,257 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Citigroup by 109.5% during the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the company’s stock worth $621,497,000 after acquiring an additional 4,856,866 shares in the last quarter. Finally, PointState Capital LP bought a new position in shares of Citigroup during the 2nd quarter worth approximately $321,322,000. 78.15% of the stock is owned by institutional investors and hedge funds.

Citigroup Company Profile

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)

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