Trading Report: Today: Jefferies Group Downgrade Citigroup Inc. (C) to Hold

Today: Jefferies Group Downgrade Citigroup Inc. (C) to Hold

Citigroup Inc. (NYSE:C) was downgraded by equities research analysts at Jefferies Group from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

A number of other brokerages have also recently weighed in on C. Vetr cut shares of Citigroup from a “hold” rating to a “sell” rating and set a $48.96 target price for the company. in a report on Wednesday, November 9th. Compass Point began coverage on shares of Citigroup in a report on Tuesday, October 11th. They set a “sell” rating and a $39.00 target price for the company. upped their price target on shares of Citigroup from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, September 23rd. Argus restated a “hold” rating on shares of Citigroup in a research report on Tuesday, October 18th. Finally, Goldman Sachs Group Inc. downgraded shares of Citigroup from a “buy” rating to a “neutral” rating and reduced their price target for the company from $52.00 to $50.00 in a research report on Friday, September 16th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $53.47.

Shares of Citigroup (NYSE:C) traded down 2.31% on Monday, hitting $55.47. The company had a trading volume of 22,429,688 shares. The stock has a market cap of $158.07 billion, a PE ratio of 12.06 and a beta of 1.74. The company has a 50-day moving average of $51.14 and a 200 day moving average of $46.59. Citigroup has a 12 month low of $34.52 and a 12 month high of $56.83.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.08. The business earned $17.80 billion during the quarter, compared to analysts’ expectations of $17.32 billion. Citigroup had a net margin of 17.58% and a return on equity of 7.04%. The business’s revenue was down 4.8% on a year-over-year basis. During the same period last year, the firm posted $1.31 earnings per share. Analysts anticipate that Citigroup will post $4.70 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Monday, November 7th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, November 3rd. Citigroup’s dividend payout ratio is currently 13.91%.

A number of institutional investors have recently made changes to their positions in C. Webster Bank N. A. increased its position in shares of Citigroup by 48.8% in the second quarter. Webster Bank N. A. now owns 10,030 shares of the financial services provider’s stock valued at $425,000 after buying an additional 3,290 shares in the last quarter. Trust Co increased its position in shares of Citigroup by 12.9% in the first quarter. Trust Co now owns 40,375 shares of the financial services provider’s stock valued at $1,685,000 after buying an additional 4,620 shares in the last quarter. Stillwater Investment Management LLC increased its position in shares of Citigroup by 2.9% in the second quarter. Stillwater Investment Management LLC now owns 30,496 shares of the financial services provider’s stock valued at $1,293,000 after buying an additional 846 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased its position in shares of Citigroup by 5.8% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 759,707 shares of the financial services provider’s stock valued at $32,204,000 after buying an additional 41,912 shares in the last quarter. Finally, CHICAGO TRUST Co NA increased its position in shares of Citigroup by 5.0% in the second quarter. CHICAGO TRUST Co NA now owns 36,334 shares of the financial services provider’s stock valued at $1,540,000 after buying an additional 1,744 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Citigroup Company Profile

Related posts

Leave a Comment