Citigroup (C) Stock Rating Reaffirmed by Jefferies Group

Citigroup (NYSE:C)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group in a research note issued to investors on Tuesday. They presently have a $83.00 price objective on the financial services provider’s stock. Jefferies Group’s price target indicates a potential upside of 7.64% from the stock’s current price.

A number of other brokerages also recently commented on C. Keefe, Bruyette & Woods downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Vetr raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price on the stock in a research note on Monday, December 4th. Credit Suisse Group reissued a “buy” rating and issued a $83.00 target price on shares of Citigroup in a research note on Tuesday, December 12th. Nomura raised their target price on shares of Citigroup to $84.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Citigroup in a research note on Monday, October 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $78.02.

Citigroup (NYSE:C) traded up $0.27 during trading hours on Tuesday, reaching $77.11. 26,181,356 shares of the company’s stock were exchanged, compared to its average volume of 16,530,000. Citigroup has a 12 month low of $55.23 and a 12 month high of $78.44. 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 stock has a market capitalization of $203,880.00, a P/E ratio of 14.86, a P/E/G ratio of 1.23 and a beta of 1.56.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter last year, the firm posted $1.14 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. research analysts anticipate that Citigroup will post 5.25 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in C. Janus Henderson Group PLC increased its stake in Citigroup by 227.4% during the 3rd quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock worth $700,395,000 after buying an additional 6,688,305 shares during the period. Lazard Asset Management LLC grew its holdings in Citigroup by 109.5% during the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after acquiring an additional 4,856,866 shares in the last quarter. PointState Capital LP acquired a new position in Citigroup during the 2nd quarter worth $321,322,000. Pioneer Investment Management Inc. grew its holdings in Citigroup by 2,317.8% during the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock worth $334,536,000 after acquiring an additional 4,795,145 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Citigroup by 42.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after acquiring an additional 4,413,329 shares in the last quarter. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Citigroup (NYSE:C)

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