Citigroup (C) Given “Hold” Rating at Jefferies Group

Jefferies Group reissued their hold rating on shares of Citigroup (NYSE:C) in a report released on Tuesday morning. Jefferies Group currently has a $83.00 target price on the financial services provider’s stock. Jefferies Group also issued estimates for Citigroup’s Q1 2018 earnings at $1.54 EPS, Q2 2018 earnings at $1.55 EPS, Q3 2018 earnings at $1.61 EPS, Q4 2018 earnings at $1.50 EPS, FY2018 earnings at $6.20 EPS and FY2019 earnings at $7.30 EPS.

C has been the topic of a number of other reports. ValuEngine raised shares of Citigroup from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. Raymond James Financial started coverage on shares of Citigroup in a report on Tuesday, October 31st. They issued a hold rating on the stock. Morgan Stanley increased their target price on shares of Citigroup from $73.00 to $79.00 and gave the stock an overweight rating in a report on Friday, October 13th. BidaskClub upgraded shares of Citigroup from a buy rating to a strong-buy rating in a report on Tuesday, October 10th. Finally, Deutsche Bank reiterated a hold rating and issued a $67.00 target price (up from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Citigroup presently has an average rating of Buy and an average target price of $79.30.

Shares of Citigroup (NYSE C) traded up $0.49 during mid-day trading on Tuesday, reaching $77.88. 7,093,008 shares of the company’s stock were exchanged, compared to its average volume of 16,460,000. Citigroup has a 1 year low of $55.23 and a 1 year high of $78.44. The company has a market capitalization of $205,990.00, a PE ratio of -26.95, a PEG ratio of 1.21 and a beta of 1.56. 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 (NYSE:C) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. During the same period last year, the firm earned $1.14 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. analysts forecast that Citigroup will post 6.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.64%. Citigroup’s payout ratio is -44.29%.

Large investors have recently modified their holdings of the stock. Capital Analysts LLC raised its holdings in shares of Citigroup by 5.4% during the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after acquiring an additional 2,367 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Citigroup by 5.2% during the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after acquiring an additional 205,298 shares during the period. Bank of Hawaii raised its holdings in shares of Citigroup by 52.2% during the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after acquiring an additional 2,242 shares during the period. Norinchukin Bank The raised its holdings in shares of Citigroup by 41.0% during the second quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock worth $9,181,000 after acquiring an additional 39,898 shares during the period. Finally, Advisors Capital Management LLC increased its stake in Citigroup by 2.8% in the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock valued at $13,560,000 after buying an additional 5,125 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

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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.

Analyst Recommendations for Citigroup (NYSE:C)

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