Citigroup (NYSE:C) Price Target Lowered to $102.00 at Oppenheimer

Citigroup (NYSE:C) had its target price trimmed by Oppenheimer from $110.00 to $102.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. The Goldman Sachs Group upped their target price on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a report on Friday, December 6th. Barclays boosted their price objective on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Piper Sandler raised their price target on Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Finally, Bank of America boosted their price objective on shares of Citigroup from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.64.

Citigroup Trading Up 1.5 %

Shares of NYSE C opened at $71.00 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $134.28 billion, a PE ratio of 20.58, a PEG ratio of 0.80 and a beta of 1.45. Citigroup has a twelve month low of $50.51 and a twelve month high of $73.38. The stock has a fifty day simple moving average of $69.33 and a 200-day simple moving average of $64.60.

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

Citigroup Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in C. Financial Counselors Inc. acquired a new position in shares of Citigroup during the second quarter worth $209,000. Larson Financial Group LLC grew its position in shares of Citigroup by 71.4% during the second quarter. Larson Financial Group LLC now owns 4,576 shares of the company’s stock worth $290,000 after buying an additional 1,907 shares in the last quarter. Stablepoint Partners LLC increased its stake in shares of Citigroup by 66.7% in the second quarter. Stablepoint Partners LLC now owns 6,249 shares of the company’s stock worth $402,000 after buying an additional 2,500 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in Citigroup by 40.8% in the second quarter. Kornitzer Capital Management Inc. KS now owns 50,545 shares of the company’s stock valued at $3,208,000 after acquiring an additional 14,650 shares in the last quarter. Finally, Denver PWM LLC bought a new position in Citigroup during the 2nd quarter valued at $129,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

About Citigroup

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.