Citigroup (C) Earns “Hold” Rating from Jefferies Group

Jefferies Group reiterated their hold rating on shares of Citigroup (NYSE:C) in a research note released on Tuesday morning. The firm currently has a $83.00 price target 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.

A number of other research analysts have also commented on the stock. Wells Fargo & Co reaffirmed a buy rating on shares of Citigroup in a research report on Monday, October 2nd. Raymond James Financial reaffirmed an underperform rating on shares of Citigroup in a research report on Wednesday, September 27th. Deutsche Bank reaffirmed a hold rating and set a $67.00 price objective (up previously from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Atlantic Securities reaffirmed an overweight rating and set a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, Keefe, Bruyette & Woods lowered shares of Citigroup from an outperform rating to a market perform rating and cut their price objective for the company from $90.00 to $82.00 in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $79.30.

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. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup has a one year low of $55.23 and a one year high of $78.44. The company has a market capitalization of $205,990.00, a PE ratio of -26.95, a price-to-earnings-growth ratio of 1.21 and a beta of 1.56.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same period in the prior year, the company earned $1.14 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. equities analysts forecast that Citigroup will post 6.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.64%. Citigroup’s dividend payout ratio (DPR) is presently -44.29%.

A number of institutional investors have recently modified their holdings of C. FMR LLC grew its stake in shares of Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after purchasing an additional 4,061,637 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Citigroup by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock valued at $3,083,874,000 after purchasing an additional 2,943,282 shares during the last quarter. Harris Associates L P grew its stake in shares of Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after purchasing an additional 221,171 shares during the last quarter. Northern Trust Corp grew its stake in shares of Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after purchasing an additional 1,011,532 shares during the last quarter. Finally, Boston Partners grew its stake in shares of Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after purchasing an additional 817,162 shares during the last quarter. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

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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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