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.
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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