Market Update (NYSE:C): MOVES- Citigroup, Raymond James, Marsh, Hiscox

[Reuters] – The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com. CITIGROUP INC Citigroup has hired Quentin Andre as … Read more on this. Citigroup Inc. (C) , with a current market cap of $124.69B, started the session at $41.24. Looking at today’s market, C one day range is $41.09 to $42.25 with its 52-week range being $34.52 to $60.95. C shares are currently priced at 7.91x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 12.48x earnings multiple for the same period. And for passive income investors, the company pays shareholders $0.20 per share annually in dividends, yielding 0.51%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $1.31 per share, which would be $0.20 worse than the year-ago quarter and a $0.19 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.22 would be a $0.13 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $18.42 Billion. If reported, that would be a 7.02% decrease over the year-ago quarter. Recently, Atlantic Equities downgraded C from Overweight to Neutral (Mar 1, 2016). Previously, Portales Partners upgraded C from Underperform to Sector Perform. Investors should keep in mind is that the average price target is $56.92, which is 38.02% above where the stock opened this morning. See more in (NYSE:C) Similar Articles: Market Update: Citigroup Inc (NYSE:C) – Citigroup reaches $23 mln ‘ice breaker’ yen Libor settlement Stock Update: Citigroup Inc (NYSE:C) – MOVES-Citigroup reshuffles CEEMEA debt capital markets coverage Stock Update: Citigroup Inc (NYSE:C) – Citigroup Declares Preferred Dividends
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