Citigroup (NYSE:C) Stock Rating Lowered by Vertical Group

Citigroup (NYSE:C) was downgraded by equities research analysts at Vertical Group from a “buy” rating to a “hold” rating in a report released on Wednesday, January 17th.

C has been the topic of a number of other research reports. BidaskClub upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Atlantic Securities reiterated an “overweight” rating and issued a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Deutsche Bank reiterated a “hold” rating and issued a $67.00 target price (up previously from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Raymond James Financial reiterated an “underperform” rating on shares of Citigroup in a research report on Wednesday, September 27th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $75.00 target price on shares of Citigroup in a research report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $79.44.

Citigroup (C) traded up $1.81 during midday trading on Wednesday, hitting $73.68. 26,472,242 shares of the stock were exchanged, compared to its average volume of 17,230,000. Citigroup has a 52 week low of $56.55 and a 52 week high of $80.70. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $194,810.00, a P/E ratio of 13.28, a P/E/G ratio of 1.07 and a beta of 1.54.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping 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 company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the previous year, the firm posted $1.14 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. sell-side analysts predict that Citigroup will post 6.4 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after buying an additional 4,061,637 shares during the period. Bank of New York Mellon Corp increased its position in shares of Citigroup by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock valued at $3,083,874,000 after buying an additional 2,943,282 shares during the period. Harris Associates L P increased its position in shares of Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after buying an additional 221,171 shares during the period. Northern Trust Corp increased its position in shares of Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after buying an additional 1,011,532 shares during the period. Finally, Boston Partners increased its position in shares of Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after buying an additional 817,162 shares during the period. Institutional investors own 80.94% of the company’s stock.

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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.

Analyst Recommendations for Citigroup (NYSE:C)

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