Citigroup (C) Sets New 12-Month High at $77.32

Citigroup Inc. (NYSE:C) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $77.32 and last traded at $77.57, with a volume of 10690095 shares changing hands. The stock had previously closed at $75.51.

Several research firms have recently issued reports on C. Wells Fargo & Company began coverage on shares of Citigroup in a research report on Wednesday, August 9th. They set an “outperform” rating and a $90.00 price objective on the stock. Raymond James Financial began coverage on shares of Citigroup in a research report on Tuesday, October 31st. They set a “hold” rating on the stock. set a $74.00 price objective on shares of Citigroup and gave the company a “hold” rating in a research report on Friday, August 11th. Morgan Stanley lifted their price objective on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Finally, BidaskClub upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $75.61.

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. The firm has a market cap of $199,648.59, a P/E ratio of 14.55, a P/E/G ratio of 1.48 and a beta of 1.55.

Citigroup (NYSE:C) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. During the same period last year, the company earned $1.24 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. sell-side analysts predict that Citigroup Inc. will post 5.31 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 annualized dividend and a dividend yield of 1.70%. Citigroup’s dividend payout ratio (DPR) is 24.66%.

Several hedge funds have recently added to or reduced their stakes in C. BlackRock Inc. raised its holdings in Citigroup by 2,718.7% in the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after purchasing an additional 189,447,104 shares in the last quarter. Vanguard Group Inc. raised its holdings in Citigroup by 2.5% in the first quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after purchasing an additional 4,391,347 shares in the last quarter. FMR LLC raised its holdings in Citigroup by 3.8% in the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after purchasing an additional 4,061,637 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Citigroup by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after purchasing an additional 2,943,282 shares in the last quarter. Finally, Harris Associates L P raised its holdings in Citigroup by 0.5% in the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after purchasing an additional 221,171 shares in the last quarter. Hedge funds and other institutional investors own 78.59% of the company’s stock.

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About Citigroup

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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