Citigroup (NYSE:C) Sets New 52-Week High at $63.58

Citigroup Inc. (NYSE:CGet Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $63.58 and last traded at $63.58, with a volume of 55691 shares changing hands. The stock had previously closed at $63.24.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Oppenheimer decreased their price target on shares of Citigroup from $95.00 to $88.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 price objective on shares of Citigroup in a report on Monday. Barclays increased their price objective on shares of Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Daiwa Capital Markets upgraded shares of Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Monday, December 18th. Finally, HSBC increased their target price on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.56.

Read Our Latest Research Report on Citigroup

Citigroup Stock Down 1.0 %

The firm’s 50 day simple moving average is $56.94 and its two-hundred day simple moving average is $49.59. The firm has a market cap of $120.34 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.76 and a beta of 1.52. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.52.

Citigroup (NYSE:CGet Free Report) last issued its earnings results on Friday, January 12th. The company reported ($1.16) EPS for the quarter, missing the consensus estimate of $0.73 by ($1.89). The firm had revenue of $17.44 billion during the quarter, compared to analyst estimates of $18.71 billion. Citigroup had a net margin of 5.88% and a return on equity of 6.49%. Citigroup’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 earnings per share. On average, equities analysts forecast that Citigroup Inc. will post 5.83 EPS for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is presently 53.13%.

Institutional Investors Weigh In On Citigroup

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Carmel Capital Partners LLC bought a new stake in Citigroup during the 3rd quarter worth approximately $25,000. Orion Capital Management LLC bought a new stake in Citigroup during the 4th quarter worth approximately $26,000. GHP Investment Advisors Inc. grew its holdings in Citigroup by 73.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after acquiring an additional 290 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in Citigroup during the 1st quarter worth approximately $28,000. Finally, AlphaMark Advisors LLC grew its holdings in Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after acquiring an additional 300 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

About Citigroup

(Get Free Report)

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

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