Wells Fargo & Co Reiterates $100.00 Price Target for Citigroup (C)

Wells Fargo & Co set a $100.00 price target on Citigroup (NYSE:C) in a research report report published on Wednesday morning. The brokerage currently has a buy rating on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on C. Deutsche Bank set a $74.00 price objective on shares of Citigroup and gave the company a neutral rating in a research report on Wednesday. Jefferies Group reaffirmed a hold rating and set a $83.00 price objective on shares of Citigroup in a research report on Tuesday. Raymond James Financial reaffirmed an underperform rating on shares of Citigroup in a research report on Wednesday, September 27th. 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 downgraded shares of Citigroup from an outperform rating to a market perform rating and lowered their price objective for the company from $90.00 to $82.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $79.30.

Citigroup (NYSE:C) traded up $0.91 on Wednesday, hitting $78.30. 17,810,829 shares of the stock traded hands, compared to its average volume of 16,460,000. The company has a market cap of $207,030.00, a P/E ratio of -27.09, a P/E/G ratio of 1.47 and a beta of 1.56. Citigroup has a one year low of $55.23 and a one year high of $78.44. 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 (NYSE:C) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. sell-side analysts expect that Citigroup will post 6.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.63%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is -44.29%.

Several large investors have recently modified their holdings of C. Catamount Wealth Management acquired a new stake in shares of Citigroup in the 2nd quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,030 shares during the period. Balentine LLC lifted its stake in shares of Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares during the period. Acrospire Investment Management LLC lifted its stake in shares of Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares during the period. Finally, Sawyer & Company Inc acquired a new stake in shares of Citigroup in the 4th quarter worth approximately $117,000. 78.53% of the stock is owned by 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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