Citigroup (C) Price Target Increased to $75.00 by Analysts at BMO Capital Markets

Citigroup (NYSE:C) had its price objective hoisted by BMO Capital Markets from $75.00 to $75.00 in a report released on Wednesday morning. The brokerage currently has a market perform rating on the financial services provider’s stock. The analysts noted that the move was a valuation call.

C has been the subject of several other reports. ValuEngine raised Citigroup from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Deutsche Bank set a $74.00 price target on Citigroup and gave the stock a neutral rating in a report on Wednesday. Raymond James Financial assumed coverage on Citigroup in a report on Tuesday, October 31st. They set a hold rating for the company. Morgan Stanley increased their price target on Citigroup from $73.00 to $79.00 and gave the stock an overweight rating in a report on Friday, October 13th. Finally, Wells Fargo & Co set a $100.00 price target on Citigroup and gave the stock a buy rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $79.30.

Citigroup (NYSE C) traded up $0.91 during mid-day trading on Wednesday, hitting $78.30. The stock had a trading volume of 17,728,961 shares, compared to its average volume of 12,630,125. The firm has a market capitalization of $201,231.02, a P/E ratio of -25.26, a P/E/G ratio of 1.49 and a beta of 1.56. Citigroup has a 1-year low of $55.23 and a 1-year high of $78.44. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is currently -41.29%.

Institutional investors have recently added to or reduced their stakes in the business. Catamount Wealth Management acquired a new stake in Citigroup in the second quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,030 shares during the period. Balentine LLC increased its position in shares of Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares in the last quarter. Finally, Sawyer & Company Inc purchased a new position in shares of Citigroup in the fourth quarter valued at $117,000. 78.53% of the stock is owned by institutional investors.

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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.

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