Citigroup (NYSE:C) Receives Coverage From Raymond James. What Is The Stock’s Upside?

January 21, 2018 - By marketbeat

 Citigroup (NYSE:C) Receives Coverage From Raymond James. What Is The Stock’s Upside?

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. It improved, as 56 investors sold Citigroup Inc. shares while 400 reduced holdings. 125 funds opened positions while 492 raised stakes. 2.04 billion shares or 0.42% more from 2.03 billion shares in 2017Q2 were reported.

Vaughan David Il holds 1.7% or 1.03M shares. Pennsylvania-based Nationwide Fund Advisors has invested 0.59% in Citigroup Inc. (NYSE:C). Sii Wi has 5,951 shares for 0.02% of their portfolio. Eagle Asset Management stated it has 704,924 shares. Community & Invest Com holds 2.94% or 376,430 shares in its portfolio. 48,811 were accumulated by Da Davidson And. Hennessy has invested 0.05% in Citigroup Inc. (NYSE:C). Jolley Asset Mgmt Ltd Liability invested in 0.02% or 325 shares. Montag A & Associates reported 0.96% in Citigroup Inc. (NYSE:C). Shikiar Asset Mgmt Inc has invested 3.62% in Citigroup Inc. (NYSE:C). Lmr Prtn Llp holds 0.04% or 5,500 shares in its portfolio. Pring Turner Group Incorporated has invested 3.01% of its portfolio in Citigroup Inc. (NYSE:C). Ifc Fl reported 10,244 shares or 0.05% of all its holdings. 2,946 were accumulated by Bbr Prns Ltd Company. Silver Cap Mngmt Ltd Co invested in 1.82% or 6,200 shares.

Since August 4, 2017, it had 0 insider buys, and 2 insider sales for $3.05 million activity. On Thursday, August 10 the insider Aristeguieta Francisco sold $2.70M.

How Raymond James Currently Rates Citigroup (NYSE:C)

In analysts note sent to investors and clients on Tuesday, 31 October, Raymond James analyst just initiated coverage of Citigroup (NYSE:C) with “Hold” rating.

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. It improved, as 56 investors sold Citigroup Inc. shares while 400 reduced holdings. 125 funds opened positions while 492 raised stakes. 2.04 billion shares or 0.42% more from 2.03 billion shares in 2017Q2 were reported.

Vaughan David Il holds 1.7% or 1.03M shares. Pennsylvania-based Nationwide Fund Advisors has invested 0.59% in Citigroup Inc. (NYSE:C). Sii Wi has 5,951 shares for 0.02% of their portfolio. Eagle Asset Management stated it has 704,924 shares. Community & Invest Com holds 2.94% or 376,430 shares in its portfolio. 48,811 were accumulated by Da Davidson And. Hennessy has invested 0.05% in Citigroup Inc. (NYSE:C). Jolley Asset Mgmt Ltd Liability invested in 0.02% or 325 shares. Montag A & Associates reported 0.96% in Citigroup Inc. (NYSE:C). Shikiar Asset Mgmt Inc has invested 3.62% in Citigroup Inc. (NYSE:C). Lmr Prtn Llp holds 0.04% or 5,500 shares in its portfolio. Pring Turner Group Incorporated has invested 3.01% of its portfolio in Citigroup Inc. (NYSE:C). Ifc Fl reported 10,244 shares or 0.05% of all its holdings. 2,946 were accumulated by Bbr Prns Ltd Company. Silver Cap Mngmt Ltd Co invested in 1.82% or 6,200 shares.

Since August 4, 2017, it had 0 insider buys, and 2 insider sales for $3.05 million activity. On Thursday, August 10 the insider Aristeguieta Francisco sold $2.70M.

Citigroup Inc. (NYSE:C) Ratings Coverage

Among 39 analysts covering Citigroup Inc. (NYSE:C), 18 have Buy rating, 3 Sell and 18 Hold. Therefore 46% are positive. Citigroup Inc. has $215 highest and $4.0 lowest target. $73.01’s average target is -6.76% below currents $78.3 stock price. Citigroup Inc. had 114 analyst reports since July 21, 2015 according to SRatingsIntel. UBS reinitiated it with “Sell” rating and $58 target in Wednesday, January 11 report. The firm has “Buy” rating by RBC Capital Markets given on Monday, September 25. Sandler O’Neill maintained it with “Buy” rating and $89.0 target in Tuesday, January 16 report. Deutsche Bank maintained the shares of C in report on Tuesday, January 26 with “Hold” rating. Barclays Capital maintained the shares of C in report on Tuesday, January 3 with “Overweight” rating. The stock of Citigroup Inc. (NYSE:C) earned “Buy” rating by RBC Capital Markets on Friday, August 18. The stock has “Hold” rating by Stifel Nicolaus on Monday, October 9. The company was initiated on Tuesday, October 6 by Susquehanna. The stock of Citigroup Inc. (NYSE:C) has “Equal-Weight” rating given on Monday, October 26 by Morgan Stanley. Bank of America downgraded the stock to “Neutral” rating in Wednesday, October 11 report.

The stock increased 1.18% or $0.91 during the last trading session, reaching $78.3. About 17.81M shares traded or 16.52% up from the average. Citigroup Inc. (NYSE:C) has risen 35.60% since January 21, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Citigroup Inc., a diversified financial services holding company, provides various financial services and products for consumers, firms, governments, and institutions worldwide. The company has market cap of $207.03 billion. The firm operates through two divisions, Citicorp and Citi Holdings. It currently has negative earnings. The Citicorp segment offers traditional banking services to retail clients through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

More notable recent Citigroup Inc. (NYSE:C) news were published by: Seekingalpha.com which released: “Citigroup: The Hit That Everyone Saw Coming” on January 17, 2018, also Seekingalpha.com with their article: “Citigroup: Still Cheap, And Now It’s Growing” published on January 18, 2018, Bloomberg.com published: “Citigroup Doesn’t See Tax Boon Fading Anytime Soon” on January 16, 2018. More interesting news about Citigroup Inc. (NYSE:C) were released by: Investorplace.com and their article: “Conditions Are Perfect for Citigroup Inc Stock to Continue Its Rally” published on January 17, 2018 as well as Bloomberg.com‘s news article titled: “Citigroup’s Promise to Close Its Pay Gap Will Only Go So Far” with publication date: January 18, 2018.

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