Citigroup (C) Sets New 12-Month High at $77.32

Shares of Citigroup Inc. (NYSE:C) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $77.32 and last traded at $77.57, with a volume of 10690095 shares trading hands. The stock had previously closed at $75.51.

A number of analysts have recently issued reports on C shares. Wells Fargo & Company reaffirmed a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Citigroup in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods set a $75.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Sunday, August 13th. BidaskClub raised Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Citigroup in a research report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $75.83.

The stock has a market cap of $203,852.55, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 1.51 and a beta of 1.55. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The firm had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 EPS. analysts predict that Citigroup Inc. will post 5.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were issued a $0.32 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.28 annualized dividend and a yield of 1.67%. Citigroup’s dividend payout ratio is presently 24.66%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. AXA increased its stake in shares of Citigroup by 28.1% in the 3rd quarter. AXA now owns 1,012,216 shares of the financial services provider’s stock valued at $73,629,000 after purchasing an additional 222,340 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Citigroup in the 3rd quarter valued at $6,018,000. Optimum Investment Advisors increased its stake in shares of Citigroup by 224.1% in the 3rd quarter. Optimum Investment Advisors now owns 12,865 shares of the financial services provider’s stock valued at $936,000 after purchasing an additional 8,895 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Citigroup by 7.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,328,184 shares of the financial services provider’s stock valued at $169,352,000 after purchasing an additional 162,845 shares during the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of Citigroup in the 3rd quarter valued at $487,000. 78.59% of the stock is 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.

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