Citigroup (NYSE:C) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Monday. The brokerage currently has a $80.92 target price on the financial services provider’s stock. Vetr‘s price target would suggest a potential upside of 4.95% from the stock’s previous close.
C has been the topic of several other research reports. Wells Fargo & Company assumed coverage on shares of Citigroup in a report on Wednesday, August 9th. They set an “outperform” rating and a $90.00 price objective on the stock. Raymond James Financial started coverage on shares of Citigroup in a report on Tuesday, October 31st. They set a “hold” rating on the stock. set a $74.00 target price on shares of Citigroup and gave the company a “hold” rating in a report on Friday, August 11th. Morgan Stanley increased their target price on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, BidaskClub upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Citigroup presently has an average rating of “Buy” and an average price target of $75.83.
Citigroup (C) traded up $1.59 on Monday, reaching $77.10. 23,126,984 shares of the company’s stock traded hands, compared to its average volume of 16,894,850. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup has a 1 year low of $55.23 and a 1 year high of $77.92. The firm has a market capitalization of $204,170.00, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55.
A number of hedge funds and other institutional investors have recently bought and sold shares of C. Catamount Wealth Management purchased a new stake in Citigroup during the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares during the last quarter. Patten Group Inc. increased its holdings in Citigroup by 6.6% during the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after buying an additional 110 shares during the last quarter. Balentine LLC increased its holdings in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its holdings in Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.
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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