Citigroup Inc. (NYSE:C) Receives $73.00 Consensus Target Price from Analysts

Shares of Citigroup Inc. (NYSE:C) have been given a consensus rating of “Moderate Buy” by the seventeen ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $73.00.

Several equities analysts have weighed in on C shares. The Goldman Sachs Group cut their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Wells Fargo & Company boosted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Bank of America upped their price target on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley reduced their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Barclays increased their price target on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th.

Citigroup Stock Performance

NYSE C opened at $69.84 on Wednesday. The company’s 50-day simple moving average is $64.32 and its 200 day simple moving average is $62.84. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock has a market cap of $132.09 billion, a P/E ratio of 20.24, a PEG ratio of 0.77 and a beta of 1.44. Citigroup has a twelve month low of $44.56 and a twelve month high of $70.20.

Citigroup (NYSE:C) last posted 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. The company had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. During the same quarter in the previous year, the company posted $1.52 earnings per share. Citigroup’s quarterly revenue was up .9% compared to the same quarter last year. As a group, research analysts forecast that Citigroup will post 5.85 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.21%. Citigroup’s dividend payout ratio (DPR) is 64.93%.

Institutional Investors Weigh In On Citigroup

Several hedge funds have recently modified their holdings of C. Anchor Investment Management LLC lifted its holdings in shares of Citigroup by 24.4% during the 3rd quarter. Anchor Investment Management LLC now owns 2,557 shares of the company’s stock valued at $160,000 after purchasing an additional 501 shares during the last quarter. Te Ahumairangi Investment Management Ltd raised its stake in Citigroup by 6.7% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 202,691 shares of the company’s stock valued at $12,617,000 after buying an additional 12,810 shares during the last quarter. Advisory Resource Group boosted its holdings in Citigroup by 3.7% in the third quarter. Advisory Resource Group now owns 72,947 shares of the company’s stock worth $4,566,000 after acquiring an additional 2,590 shares in the last quarter. TCW Group Inc. grew its stake in shares of Citigroup by 8.6% during the third quarter. TCW Group Inc. now owns 338,816 shares of the company’s stock worth $21,210,000 after acquiring an additional 26,882 shares during the last quarter. Finally, Soltis Investment Advisors LLC raised its position in shares of Citigroup by 1.2% in the 3rd quarter. Soltis Investment Advisors LLC now owns 112,424 shares of the company’s stock valued at $7,038,000 after purchasing an additional 1,313 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.