Citigroup Inc. (NYSE:C) Receives $75.63 Average Price Target from Analysts

Citigroup Inc. (NYSE:C) has been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $76.47.

Several equities research analysts recently issued reports on C shares. The Goldman Sachs Group raised their price objective on shares of Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Oppenheimer lifted their price target on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $70.00 to $82.00 in a research note on Tuesday, December 3rd. Piper Sandler upped their price target on Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley lowered their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th.

Citigroup Trading Down 0.5 %

Shares of Citigroup stock opened at $71.15 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50 day simple moving average is $67.61 and its 200-day simple moving average is $63.80. The stock has a market cap of $134.56 billion, a P/E ratio of 20.62, a P/E/G ratio of 0.80 and a beta of 1.45. Citigroup has a 1-year low of $49.17 and a 1-year high of $73.38.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts predict that Citigroup will post 5.86 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is 64.93%.

Institutional Trading of Citigroup

A number of large investors have recently modified their holdings of C. Geode Capital Management LLC increased its position in shares of Citigroup by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 39,919,798 shares of the company’s stock valued at $2,492,238,000 after purchasing an additional 791,758 shares during the last quarter. Franklin Resources Inc. increased its holdings in Citigroup by 18.5% in the third quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company’s stock valued at $1,998,976,000 after buying an additional 4,680,713 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Citigroup by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company’s stock valued at $1,904,262,000 after buying an additional 250,716 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Citigroup by 3.2% during the 3rd quarter. Fisher Asset Management LLC now owns 28,970,357 shares of the company’s stock worth $1,813,544,000 after buying an additional 911,694 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Citigroup by 5.5% during the 2nd quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock worth $1,105,999,000 after buying an additional 913,231 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Company Profile

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.