Media coverage about Citigroup (NYSE:C) has trended somewhat positive on Friday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Citigroup earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 44.8884922599181 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Daiwa Capital Markets Downgrades Citigroup (C) to Buy (americanbankingnews.com)
- BofA, Citi Saw Institutional Investors Cash Out (bloomberg.com)
- Citigroup Fined More Than $7 Million by Hong Kong Regulator (wsj.com)
- CoinGeek.com Offers Tax Optimized Citizenship in Antigua for Bitcoin BCH Today (prnewswire.com)
- Duane Morris Opts for Smaller Miami Office in Move to Citigroup Center (law.com)
A number of research firms have recently issued reports on C. Vining Sparks upgraded shares of Citigroup to a “buy” rating and set a $80.00 price objective on the stock in a research note on Friday, April 6th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Morgan Stanley lifted their price objective on shares of Citigroup from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, March 15th. Vetr cut shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 target price for the company. in a report on Monday, January 29th. Finally, HSBC raised shares of Citigroup from a “hold” rating to a “buy” rating and lifted their price objective for the company from $82.00 to $85.00 in a report on Wednesday, April 11th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $80.92.
Shares of Citigroup opened at $71.56 on Friday, according to MarketBeat.com. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30. Citigroup has a 52-week low of $71.96 and a 52-week high of $72.75. The stock has a market capitalization of $184.92 billion, a PE ratio of 13.43, a P/E/G ratio of 1.04 and a beta of 1.55.
Citigroup (NYSE:C) last posted its earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.07. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same period last year, the firm posted $1.35 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. equities research analysts forecast that Citigroup will post 6.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Monday, May 7th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.28 annualized dividend and a dividend yield of 1.79%. Citigroup’s dividend payout ratio is currently 24.02%.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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