Citigroup Inc (NYSE:C) has been assigned a consensus recommendation of “Hold” from the thirty brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $81.30.

Several brokerages recently issued reports on C. Daiwa Capital Markets cut Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 target price on the stock. in a research report on Thursday, May 17th. Deutsche Bank raised Citigroup from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Wednesday, June 20th. ValuEngine cut Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $85.00 target price on shares of Citigroup in a research report on Monday, July 16th. Finally, Morgan Stanley cut their target price on Citigroup from $88.00 to $84.00 and set an “overweight” rating on the stock in a research report on Monday, July 16th.

Citigroup stock traded up $0.16 during mid-day trading on Tuesday, reaching $71.40. The stock had a trading volume of 10,106,700 shares, compared to its average volume of 16,424,951. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.00. Citigroup has a fifty-two week low of $64.38 and a fifty-two week high of $80.70. The stock has a market capitalization of $183.09 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, July 13th. The financial services provider reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.08. Citigroup had a positive return on equity of 8.78% and a negative net margin of 5.45%. The firm had revenue of $18.47 billion during the quarter, compared to analysts’ expectations of $18.43 billion. research analysts forecast that Citigroup will post 6.58 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Monday, August 6th were paid a $0.45 dividend. The ex-dividend date was Friday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.32. This represents a $1.80 annualized dividend and a dividend yield of 2.52%. Citigroup’s payout ratio is presently 33.77%.

In other Citigroup news, insider Raja Akram sold 500 shares of the business’s stock in a transaction on Thursday, July 19th. The stock was sold at an average price of $69.21, for a total value of $34,605.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Francisco Aristeguieta sold 15,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total value of $1,085,400.00. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. Global X Management Co. LLC increased its stake in Citigroup by 5.8% in the 1st quarter. Global X Management Co. LLC now owns 18,940 shares of the financial services provider’s stock worth $1,278,000 after acquiring an additional 1,042 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Citigroup by 3.8% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 8,844,327 shares of the financial services provider’s stock worth $596,992,000 after acquiring an additional 324,152 shares during the last quarter. HL Financial Services LLC increased its stake in Citigroup by 13.0% in the 1st quarter. HL Financial Services LLC now owns 82,683 shares of the financial services provider’s stock worth $5,581,000 after acquiring an additional 9,512 shares during the last quarter. FDx Advisors Inc. increased its stake in Citigroup by 22.7% in the 1st quarter. FDx Advisors Inc. now owns 79,574 shares of the financial services provider’s stock worth $5,371,000 after acquiring an additional 14,743 shares during the last quarter. Finally, Hennessy Advisors Inc. increased its stake in Citigroup by 48.9% in the 1st quarter. Hennessy Advisors Inc. now owns 33,500 shares of the financial services provider’s stock worth $2,261,000 after acquiring an additional 11,000 shares during the last quarter. Hedge funds and other institutional investors own 74.83% of the company’s stock.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Analyst Recommendations for Citigroup (NYSE:C)

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