Citigroup (NYSE:C) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Citigroup (NYSE:C – Get Rating) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the stock.

Several other equities research analysts have also commented on C. TheStreet upgraded shares of Citigroup from a c+ rating to a b- rating in a research report on Monday, March 6th. Bank of America lifted their price target on Citigroup from $52.00 to $60.00 and gave the stock a buy rating in a research note on Monday, January 16th. Morgan Stanley cut their price target on Citigroup from $45.00 to $41.00 and set an underweight rating for the company in a research note on Friday, January 6th. Deutsche Bank Aktiengesellschaft cut their price target on Citigroup from $52.00 to $46.00 in a research note on Friday, January 6th. Finally, Barclays lifted their price target on Citigroup from $57.00 to $61.00 and gave the stock an equal weight rating in a research note on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $56.47.

Citigroup Price Performance

Shares of NYSE C opened at $44.82 on Thursday. The firm has a market capitalization of $87.12 billion, a P/E ratio of 6.40, a PEG ratio of 1.63 and a beta of 1.59. Citigroup has a one year low of $40.01 and a one year high of $58.25. The company’s fifty day moving average is $50.26 and its two-hundred day moving average is $47.45. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.94 and a current ratio of 0.94.

Citigroup (NYSE:C – Get Rating) last issued its earnings results on Friday, January 13th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.08). The company had revenue of $18.01 billion for the quarter, compared to analysts’ expectations of $17.91 billion. Citigroup had a return on equity of 8.14% and a net margin of 14.73%. Analysts forecast that Citigroup will post 5.94 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Monday, February 6th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Friday, February 3rd. Citigroup’s dividend payout ratio is currently 29.14%.

Insider Activity

In other news, insider Sara Wechter sold 2,950 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $50.77, for a total transaction of $149,771.50. Following the completion of the transaction, the insider now owns 82,779 shares of the company’s stock, valued at approximately $4,202,689.83. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Titilope Cole sold 11,903 shares of the business’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $51.10, for a total transaction of $608,243.30. Following the completion of the sale, the chief executive officer now owns 65,764 shares in the company, valued at approximately $3,360,540.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sara Wechter sold 2,950 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $50.77, for a total value of $149,771.50. Following the sale, the insider now owns 82,779 shares of the company’s stock, valued at approximately $4,202,689.83. The disclosure for this sale can be found here. Insiders sold a total of 27,353 shares of company stock valued at $1,403,390 in the last 90 days. 0.08% of the stock is currently owned by insiders.

Institutional Trading of Citigroup

A number of institutional investors have recently modified their holdings of C. Snider Financial Group boosted its holdings in Citigroup by 96,645.9% in the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after acquiring an additional 84,407,589 shares during the period. Norges Bank purchased a new position in Citigroup in the 4th quarter worth approximately $631,922,000. Price T Rowe Associates Inc. MD boosted its holdings in Citigroup by 67.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,411,429 shares of the company’s stock worth $923,209,000 after acquiring an additional 8,217,942 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in Citigroup by 87,332.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,511,342 shares of the company’s stock worth $339,738,000 after acquiring an additional 7,502,751 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Citigroup by 314.2% in the 4th quarter. Franklin Resources Inc. now owns 8,842,059 shares of the company’s stock worth $399,926,000 after acquiring an additional 6,707,169 shares during the period. Hedge funds and other institutional investors own 70.90% of the company’s stock.

Citigroup Company Profile

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Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.