Citigroup (NYSE:C) Shares Down 1.8%

Citigroup Inc. (NYSE:C) shares dropped 1.8% during trading on Friday . The stock traded as low as $63.97 and last traded at $64.54. Approximately 3,703,821 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 14,827,146 shares. The stock had previously closed at $65.71.

Analyst Upgrades and Downgrades

C has been the topic of a number of recent research reports. Jefferies Financial Group boosted their price objective on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Royal Bank of Canada lifted their target price on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Finally, BMO Capital Markets boosted their price objective on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus target price of $65.66.

Citigroup Stock Down 1.9 %

The firm has a 50 day moving average of $62.62 and a two-hundred day moving average of $58.80. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $122.90 billion, a PE ratio of 19.12, a P/E/G ratio of 0.95 and a beta of 1.46.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, July 12th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.39 by $0.13. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $20.14 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same period last year, the company posted $1.37 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that Citigroup Inc. will post 5.86 earnings per share for the current year.

Hedge Funds Weigh In On Citigroup

A number of hedge funds have recently bought and sold shares of C. Orion Capital Management LLC acquired a new position in Citigroup in the fourth quarter worth about $26,000. Frazier Financial Advisors LLC acquired a new position in Citigroup in the fourth quarter valued at approximately $29,000. Beacon Capital Management LLC boosted its stake in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the period. Beaird Harris Wealth Management LLC boosted its stake in Citigroup by 1,962.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock valued at $31,000 after acquiring an additional 569 shares during the period. Finally, Rakuten Securities Inc. acquired a new position in Citigroup in the fourth quarter valued at approximately $35,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

About Citigroup

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.