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SITE Centers (NYSE:SITC), a self-managed REIT, has seen its price target cut by Wells Fargo from $17.00 to $14.50, maintaining an "equal weight" rating. Analysts currently rate the stock as a "Hold," with a consensus target price of $35.25, while the company reported a quarterly EPS of $0.16, missing estimates. Institutional investors hold 88.70% of the stock, reflecting significant interest despite recent performance challenges.
Citigroup has a Moderate Buy rating from analysts, with a consensus price target of $83.53. The company reported a quarterly EPS of $1.34, exceeding estimates, and announced a $20 billion stock buyback program, indicating confidence in its stock value. Additionally, Citigroup declared a quarterly dividend of $0.56, yielding 3.01%.
Citigroup has lowered its price target for Wells Fargo & Company from $82 to $78, maintaining a "neutral" rating, while Royal Bank of Canada upgraded its rating to "outperform" with a target of $80. Other analysts have varied targets, with UBS setting it at $85 and Keefe, Bruyette & Woods at $86. Currently, the stock has a "Moderate Buy" rating and an average price target of $74.18, with institutional investors holding 75.90% of shares. Wells Fargo recently reported earnings of $1.43 per share, exceeding estimates, and announced a quarterly dividend of $0.40.
Wells Fargo, once a favorite of Warren Buffett's Berkshire Hathaway, has seen its stock rise over 50% since Berkshire exited in early 2022. Following a series of scandals and regulatory challenges, the bank is on the verge of removing a significant asset cap, potentially allowing for growth and expansion. Despite Buffett's early exit, the bank's recent performance suggests he may have sold too soon, although Berkshire's overall investment remains profitable.
Citigroup Inc. is projected to post an EPS of 7.53 for the current fiscal year. The company has initiated a $20 billion share buyback program, indicating confidence in its stock value, and recently declared a quarterly dividend of $0.56 per share, yielding 3.01%. Analysts maintain a "Moderate Buy" rating, with an average target price of $83.53, despite some institutional investors reducing their holdings.
Citigroup is expanding its investment banking team in Japan, anticipating a rebound in the country's deal fee pool after years of stagnation. The firm plans to increase its workforce by 15%, focusing on merger advisory and securities underwriting, as companies prioritize shareholder returns. With over $230 billion in mergers and acquisitions last year, Citigroup has climbed to sixth in Japan-related merger advisory for 2025, reflecting a growing optimism in the market.
Barclays' share price has surged 67% over the past year, driven by rising interest rates and a successful cost-saving initiative. Despite this rally, valuation metrics like a P/E ratio of 8.52 and a price-to-book ratio of 0.63 suggest the stock may still be undervalued compared to global peers. However, ongoing reputational risks could impact investor confidence.
Piper Sandler raised its price target on Citizens Financial Group to $53, maintaining an "overweight" rating, while Truist Financial lowered its target to $51 with a "hold" rating. The stock has a consensus rating of "Moderate Buy" and a price target of $48.67, with significant institutional investment, including KLP Kapitalforvaltning acquiring 140,760 shares. Citizens Financial recently reported earnings of $0.85 per share, exceeding estimates, and declared a quarterly dividend of $0.42 per share, yielding 3.98%.
Citigroup analysts report a slight recovery in March's gross gaming revenue (GGR), with a daily average of MOP643 million, up 3% from the previous week. However, the overall GGR for March is projected at MOP19.5 billion, remaining flat year-over-year and about 75% of pre-pandemic levels, as both VIP and mass market sectors face declines of 9% and 8%, respectively.
Truist Financial raised its price target on The PNC Financial Services Group to $216.00 with a "hold" rating, while Goldman Sachs lowered it to $188.00 with a "neutral" rating. Citigroup set a new target of $200.00 with a "buy" rating, and Compass Point increased its target to $233.00 with a "neutral" rating. The stock has an average target price of $201.65 and a "hold" rating from analysts, with recent insider selling by CEO William S. Demchak.
Citigroup Inc.
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