A number of other brokerages have also recently commented on C. Keefe, Bruyette & Woods cut Citigroup from an outperform rating to a market perform rating and decreased their price target for the stock from $90.00 to $82.00 in a research note on Tuesday. Jefferies Group reaffirmed a hold rating and issued a $83.00 price target on shares of Citigroup in a research note on Tuesday. Vetr raised Citigroup from a hold rating to a buy rating and set a $80.92 price target on the stock in a research note on Monday, December 4th. Credit Suisse Group reaffirmed a buy rating and issued a $83.00 price target on shares of Citigroup in a research note on Tuesday, December 12th. Finally, Nomura lifted their price target on Citigroup to $84.00 and gave the stock a buy rating in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $79.30.
Shares of Citigroup (NYSE:C) traded up $0.91 during trading on Wednesday, reaching $78.30. The company’s stock had a trading volume of 17,810,829 shares, compared to its average volume of 16,460,000. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. The stock has a market cap of $207,030.00, a PE ratio of -27.09, a P/E/G ratio of 1.47 and a beta of 1.56. Citigroup has a 1-year low of $55.23 and a 1-year high of $78.44.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. Citigroup’s dividend payout ratio (DPR) is presently -44.29%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. V Wealth Management LLC grew its stake in Citigroup by 29.1% in the fourth 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 during the period. Personal Capital Advisors Corp purchased a new stake in Citigroup in the fourth quarter worth $314,000. Cibc Bank USA grew its stake in Citigroup by 7.0% in the fourth quarter. Cibc Bank USA now owns 31,586 shares of the financial services provider’s stock worth $2,350,000 after purchasing an additional 2,080 shares during the period. Diversified Trust Co grew its stake in Citigroup by 50.9% in the fourth quarter. Diversified Trust Co now owns 36,431 shares of the financial services provider’s stock worth $2,711,000 after purchasing an additional 12,294 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in Citigroup by 1,044.8% in the fourth quarter. State of Alaska Department of Revenue now owns 230,536 shares of the financial services provider’s stock worth $17,151,000 after purchasing an additional 210,398 shares during the period. 78.53% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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