Citigroup (C) Downgraded by Keefe, Bruyette & Woods

Citigroup (NYSE:C) was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report issued on Tuesday, Marketbeat Ratings reports. They presently have a $82.00 price target on the financial services provider’s stock, down from their previous price target of $90.00. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 5.85% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Credit Suisse Group restated a “buy” rating and issued a $86.00 price objective on shares of Citigroup in a report on Thursday, January 4th. Barclays raised their price objective on Citigroup from $76.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Wells Fargo & Co set a $95.00 price objective on Citigroup and gave the stock a “buy” rating in a report on Wednesday, December 20th. Finally, Nomura raised their price objective on Citigroup to $84.00 and gave the stock a “buy” rating in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Citigroup presently has a consensus rating of “Buy” and an average target price of $79.30.

Citigroup (C) traded up $0.36 during midday trading on Tuesday, reaching $77.47. The company had a trading volume of 20,958,300 shares, compared to its average volume of 16,783,809. Citigroup has a 1 year low of $55.23 and a 1 year high of $78.44. The stock has a market capitalization of $204,670.00, a P/E ratio of -26.81, a PEG ratio of 1.23 and a beta of 1.56. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.36% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. sell-side analysts predict that Citigroup will post 6.16 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Catamount Wealth Management acquired a new stake in Citigroup during the 2nd quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,030 shares in the last quarter. Balentine LLC grew its stake in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 272 shares in the last quarter. Acrospire Investment Management LLC grew its stake in Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 300 shares in the last quarter. Finally, Sawyer & Company Inc acquired a new stake in Citigroup during the 4th quarter valued at approximately $117,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

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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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