Citigroup (NYSE:C) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Citigroup (NYSE:C) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday, Marketbeat reports. They currently have $82.00 price target on the stock, up from their prior price target of $70.00.

C has been the subject of several other reports. Morgan Stanley lowered their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. The Goldman Sachs Group dropped their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Barclays lifted their price target on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Oppenheimer increased their price objective on Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Evercore ISI lifted their target price on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $75.00.

Citigroup Trading Up 1.0 %

Shares of C stock opened at $72.23 on Tuesday. The business has a 50-day moving average price of $65.89 and a two-hundred day moving average price of $63.25. Citigroup has a 12-month low of $47.71 and a 12-month high of $72.85. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The firm has a market cap of $136.61 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter in the previous year, the company posted $1.52 EPS. Citigroup’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts anticipate that Citigroup will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.10%. Citigroup’s dividend payout ratio is presently 64.93%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of C. Envestnet Portfolio Solutions Inc. grew its stake in shares of Citigroup by 13.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after acquiring an additional 8,593 shares during the last quarter. BDF Gestion purchased a new stake in Citigroup during the 2nd quarter valued at about $3,861,000. KBC Group NV increased its stake in Citigroup by 1.8% during the 3rd quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock valued at $71,270,000 after purchasing an additional 20,291 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Citigroup by 4.9% in the third quarter. Crossmark Global Holdings Inc. now owns 394,738 shares of the company’s stock worth $24,710,000 after buying an additional 18,278 shares during the last quarter. Finally, Summit Global Investments lifted its stake in shares of Citigroup by 289.5% in the third quarter. Summit Global Investments now owns 30,640 shares of the company’s stock worth $1,918,000 after buying an additional 22,774 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.