Citigroup (C) Given a $74.00 Price Target by Deutsche Bank Analysts

Deutsche Bank set a $74.00 price objective on Citigroup (NYSE:C) in a research note published on Wednesday. The brokerage currently has a neutral rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Co reaffirmed a buy rating on shares of Citigroup in a research note on Monday, October 2nd. Royal Bank of Canada reaffirmed a buy rating and issued a $75.00 price objective on shares of Citigroup in a research note on Wednesday, September 27th. BidaskClub raised shares of Citigroup from a hold rating to a buy rating in a research note on Thursday, September 21st. Credit Suisse Group reaffirmed a buy rating and issued a $83.00 price objective (up previously from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. Finally, Nomura lifted their price objective on shares of Citigroup from $80.00 to $81.00 and gave the company a buy rating in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $79.30.

Shares of Citigroup (NYSE:C) opened at $78.30 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup has a 52 week low of $55.23 and a 52 week high of $78.44. The stock has a market cap of $201,231.02, a price-to-earnings ratio of -25.26, a P/E/G ratio of 1.49 and a beta of 1.56.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The business had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the previous year, the business earned $1.14 EPS. Citigroup’s quarterly revenue was up 1.4% compared to the same quarter last year. research analysts forecast that Citigroup will post 6.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio is -41.29%.

A number of institutional investors have recently added to or reduced their stakes in C. Catamount Wealth Management acquired a new position in shares of Citigroup during the second quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of 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 valued at $102,000 after buying an additional 1,030 shares during the last quarter. Balentine LLC raised its position in shares of Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new position in shares of Citigroup during the fourth quarter valued at about $117,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Citigroup (NYSE:C)

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