Several other equities analysts have also issued reports on the company. StockNews.com began coverage on Citigroup in a research note on Wednesday, October 12th. They issued a hold rating on the stock. BMO Capital Markets lowered their price target on Citigroup from $76.00 to $71.00 and set an outperform rating on the stock in a report on Monday, October 17th. The Goldman Sachs Group lowered Citigroup from a buy rating to a neutral rating and reduced their price target for the stock from $54.00 to $47.00 in a research report on Monday, October 3rd. Oppenheimer lowered their target price on Citigroup from $90.00 to $87.00 and set an outperform rating for the company in a research note on Wednesday, December 28th. Finally, Morgan Stanley lowered their price objective on Citigroup from $45.00 to $41.00 and set an underweight rating for the company in a research note on Friday, January 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average price target of $57.42.
Citigroup Price Performance
NYSE:C opened at $50.31 on Tuesday. The firm has a fifty day simple moving average of $46.73 and a 200 day simple moving average of $47.45. Citigroup has a 1-year low of $40.01 and a 1-year high of $69.11. The stock has a market capitalization of $97.44 billion, a PE ratio of 7.19, a P/E/G ratio of 1.61 and a beta of 1.56. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.49.
Citigroup Announces Dividend
Institutional Investors Weigh In On Citigroup
Several institutional investors and hedge funds have recently bought and sold shares of the business. McClarren Financial Advisors Inc. acquired a new stake in Citigroup during the 3rd quarter worth approximately $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Citigroup in the third quarter valued at about $28,000. EWG Elevate Inc. bought a new position in Citigroup in the fourth quarter valued at about $29,000. Corsicana & Co. grew its holdings in shares of Citigroup by 314.5% during the second quarter. Corsicana & Co. now owns 659 shares of the company’s stock worth $30,000 after purchasing an additional 500 shares during the last quarter. Finally, McIlrath & Eck LLC boosted its holdings in Citigroup by 96.6% in the third quarter. McIlrath & Eck LLC now owns 814 shares of the company’s stock valued at $34,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 70.90% of the company’s stock.
Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.
- Get a free copy of the StockNews.com research report on Citigroup (C)
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