Citigroup (NYSE:C) Price Target Raised to $100.00

by · The Markets Daily

Citigroup (NYSE:C – Free Report) had its target price boosted by Bank of America from $89.00 to $100.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 target price (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. TD Cowen began coverage on shares of Citigroup in a research note on Thursday, May 15th. They set a “hold” rating and a $83.00 target price for the company. Morgan Stanley lifted their target price on shares of Citigroup from $90.00 to $94.00 and gave the company an “overweight” rating in a research note on Monday, June 23rd. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research note on Tuesday. Finally, Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $84.03.

View Our Latest Report on C

Citigroup Trading Up 0.0%

NYSE C opened at $84.41 on Thursday. Citigroup has a twelve month low of $53.51 and a twelve month high of $84.79. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $157.66 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.65 and a beta of 1.33. The firm’s 50 day moving average price is $74.53 and its two-hundred day moving average price is $73.63.

Citigroup (NYSE:C – Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. Equities analysts anticipate that Citigroup will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup’s payout ratio is presently 35.39%.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director now owns 13,048 shares in the company, valued at $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of C. True Wealth Design LLC increased its holdings in shares of Citigroup by 11.1% during the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock worth $84,000 after purchasing an additional 119 shares during the period. Continuum Advisory LLC increased its holdings in shares of Citigroup by 1.9% during the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company’s stock worth $459,000 after purchasing an additional 120 shares during the period. Blake Schutter Theil Wealth Advisors LLC increased its holdings in shares of Citigroup by 1.6% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company’s stock worth $608,000 after purchasing an additional 135 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Citigroup by 3.4% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company’s stock worth $289,000 after purchasing an additional 137 shares during the period. Finally, Rakuten Securities Inc. increased its holdings in shares of Citigroup by 2.4% during the 4th quarter. Rakuten Securities Inc. now owns 5,953 shares of the company’s stock worth $419,000 after purchasing an additional 139 shares during the period. Institutional investors own 71.72% of the company’s stock.

About Citigroup

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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.

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