Citigroup (NYSE:C – Get Rating) was downgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Monday, The Fly reports.
C has been the topic of several other research reports. Credit Suisse Group dropped their price objective on Citigroup from $72.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, March 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Citigroup in a research note on Friday, December 17th. Piper Sandler lowered their target price on Citigroup from $88.00 to $85.00 in a report on Tuesday, January 18th. Jefferies Financial Group lowered Citigroup from a “buy” rating to a “hold” rating and decreased their price objective for the company from $79.00 to $60.00 in a report on Monday, March 7th. Finally, Odeon Capital Group upgraded Citigroup from a “hold” rating to a “buy” rating and set a $69.25 price objective for the company in a report on Wednesday, December 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $75.75.
NYSE C opened at $56.74 on Monday. The company has a market capitalization of $112.40 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of 0.71 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.92 and a current ratio of 0.92. The business’s fifty day moving average is $61.50 and its 200 day moving average is $65.00. Citigroup has a fifty-two week low of $53.83 and a fifty-two week high of $80.29.
Citigroup (NYSE:C – Get Rating) last announced its quarterly earnings data on Friday, January 14th. The company reported $1.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.89 by ($0.43). Citigroup had a net margin of 27.37% and a return on equity of 12.85%. The business had revenue of $17.02 billion during the quarter, compared to analysts’ expectations of $16.78 billion. During the same quarter in the previous year, the firm earned $2.07 earnings per share. Citigroup’s revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts forecast that Citigroup will post 7.18 EPS for the current year.
In other news, insider Sara Wechter sold 14,800 shares of Citigroup stock in a transaction that occurred on Friday, February 11th. The shares were sold at an average price of $68.56, for a total transaction of $1,014,688.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.08% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Syverson Strege & Co grew its stake in shares of Citigroup by 3,181.8% in the third quarter. Syverson Strege & Co now owns 361 shares of the company’s stock worth $25,000 after acquiring an additional 350 shares in the last quarter. Bell Investment Advisors Inc purchased a new stake in shares of Citigroup during the 3rd quarter worth $26,000. Clean Yield Group lifted its position in shares of Citigroup by 91.5% during the 3rd quarter. Clean Yield Group now owns 383 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of Citigroup during the 3rd quarter worth $27,000. Finally, IMA Wealth Inc. purchased a new stake in Citigroup in the third quarter valued at $28,000. Hedge funds and other institutional investors own 72.09% of the company’s stock.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).