Citigroup (C) Downgraded by Vertical Group

Citigroup (NYSE:C) was downgraded by equities researchers at Vertical Group from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other equities analysts have also commented on the stock. Atlantic Securities reaffirmed an “overweight” rating and set a $85.00 target price (up from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Bank of America reaffirmed a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Barclays upped their price objective on shares of Citigroup from $76.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Raymond James Financial initiated coverage on shares of Citigroup in a research note on Tuesday, October 31st. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $79.07.

Citigroup (C) opened at $76.54 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $202,370.00, a price-to-earnings ratio of 14.75, a PEG ratio of 1.23 and a beta of 1.56. Citigroup has a twelve month low of $55.23 and a twelve month high of $78.44.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. Citigroup’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 EPS. sell-side analysts predict that Citigroup will post 5.25 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of C. Catamount Wealth Management acquired a new position in Citigroup in the second quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased 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 worth $102,000 after buying an additional 1,030 shares during the last quarter. Balentine LLC increased its holdings in Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares during the last quarter. Acrospire Investment Management LLC increased its holdings in Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new position in Citigroup in the fourth quarter worth approximately $117,000. Institutional investors own 78.53% 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.

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