Citigroup Inc. (NYSE:C) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Citigroup Inc. (NYSE:C) have been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $80.13.

A number of research firms recently commented on C. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $70.00 to $95.00 in a report on Monday. Evercore ISI upped their price target on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Piper Sandler raised their price objective on Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Truist Financial assumed coverage on shares of Citigroup in a research note on Tuesday. They set a “buy” rating and a $85.00 target price for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new position in shares of Citigroup in the 3rd quarter valued at about $31,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup in the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in Citigroup in the second quarter valued at approximately $31,000. GHP Investment Advisors Inc. lifted its stake in Citigroup by 184.0% in the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after acquiring an additional 368 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its holdings in Citigroup by 69.3% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock worth $39,000 after acquiring an additional 260 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Down 0.6 %

C opened at $73.23 on Thursday. The firm has a market capitalization of $138.50 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. The company’s 50 day simple moving average is $69.85 and its two-hundred day simple moving average is $64.89. Citigroup has a 1-year low of $50.51 and a 1-year high of $74.29. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS 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 firm had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter last year, the business posted $1.52 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. Analysts expect that Citigroup will post 5.86 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared 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 was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.06%. Citigroup’s dividend payout ratio is presently 64.93%.

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.