Keefe, Bruyette & Woods Increases Citigroup (NYSE:C) Price Target to $69.00

Citigroup (NYSE:C) had its price objective lifted by analysts at Keefe, Bruyette & Woods from $66.00 to $69.00 in a report released on Thursday, Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 13.52% from the company’s current price.

Other equities research analysts have also issued reports about the company. HSBC raised their price objective on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Jefferies Financial Group lifted their target price on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $80.00 price target on shares of Citigroup in a research note on Monday, April 1st. Finally, Piper Sandler boosted their target price on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $65.03.

Citigroup Price Performance

C stock opened at $60.78 on Thursday. The firm has a 50-day moving average of $61.68 and a two-hundred day moving average of $57.24. The firm has a market capitalization of $115.93 billion, a PE ratio of 17.98, a P/E/G ratio of 0.91 and a beta of 1.48. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup has a one year low of $38.17 and a one year high of $64.98.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same quarter last year, the business posted $1.86 EPS. The company’s revenue was down 1.6% on a year-over-year basis. On average, analysts forecast that Citigroup will post 5.96 earnings per share for the current year.

Institutional Investors Weigh In On Citigroup

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Orion Capital Management LLC acquired a new stake in Citigroup in the 4th quarter worth $26,000. Frazier Financial Advisors LLC acquired a new stake in Citigroup during the fourth quarter worth about $29,000. Beacon Capital Management LLC increased its stake in Citigroup by 85.5% during the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the period. Beaird Harris Wealth Management LLC raised its holdings in Citigroup by 1,962.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock valued at $31,000 after acquiring an additional 569 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new stake in shares of Citigroup in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds 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.