Brokerages Set Citigroup Inc. (NYSE:C) PT at $75.63

by · The Markets Daily

Shares of Citigroup Inc. (NYSE:C – Get Free Report) have earned an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $76.47.

A number of equities analysts have issued reports on C shares. Oppenheimer raised their price objective on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Bank of America increased their price target on shares of Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Evercore ISI boosted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Piper Sandler upped their target price on shares of Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Barclays lifted their price target on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th.

Check Out Our Latest Stock Analysis on C

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. POM Investment Strategies LLC acquired a new position in shares of Citigroup during the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup in the third quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Citigroup in the 2nd quarter valued at about $31,000. Legacy Investment Solutions LLC acquired a new position in shares of Citigroup during the 3rd quarter worth about $31,000. Finally, Strategic Financial Concepts LLC raised its holdings in shares of Citigroup by 1,139.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock valued at $33,000 after purchasing an additional 48,484 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 1.1 %

Shares of C opened at $69.19 on Friday. The stock’s fifty day simple moving average is $67.86 and its 200-day simple moving average is $63.91. The firm has a market capitalization of $130.86 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45. Citigroup has a 12-month low of $49.97 and a 12-month high of $73.38. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C – Get Free Report) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. During the same period in the prior year, the company posted $1.52 EPS. The company’s revenue was up .9% compared to the same quarter last year. As a group, research analysts predict that Citigroup will post 5.86 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is presently 64.93%.

About Citigroup

(Get Free Report

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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