Citigroup (NYSE:C) had its target price boosted by equities researchers at BMO Capital Markets to $75.00 in a note issued to investors on Wednesday, The Fly reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective suggests a potential downside of 2.01% from the company’s current price. The analysts noted that the move was a valuation call.
C has been the subject of a number of other reports. BidaskClub upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Atlantic Securities reissued an “overweight” rating and set a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Deutsche Bank reissued a “hold” rating and set a $67.00 target price (up previously from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. Raymond James Financial reiterated an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $75.00 price objective on shares of Citigroup in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Citigroup currently has an average rating of “Buy” and a consensus target price of $79.07.
Shares of Citigroup (C) opened at $76.54 on Wednesday. Citigroup has a one year low of $55.23 and a one year high of $78.44. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The company has a market cap of $202,370.00, a price-to-earnings ratio of 14.75, a PEG ratio of 1.23 and a beta of 1.56.
Hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC increased its position in shares of Citigroup by 227.4% during the third quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock worth $700,395,000 after acquiring an additional 6,688,305 shares during the period. Lazard Asset Management LLC increased its position in shares of Citigroup by 109.5% during the second 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 during the period. PointState Capital LP purchased a new position in Citigroup during the second quarter valued at approximately $321,322,000. Pioneer Investment Management Inc. increased its holdings in Citigroup by 2,317.8% during the second quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock valued at $334,536,000 after buying an additional 4,795,145 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Citigroup by 42.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock valued at $990,836,000 after buying an additional 4,413,329 shares during the period. Institutional investors and hedge funds 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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