Citigroup (NYSE:C – Free Report) had its price objective hoisted by Evercore ISI from $60.00 to $62.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has an in-line rating on the stock.
C has been the topic of several other research reports. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $66.00 to $69.00 and gave the stock a market perform rating in a research report on Thursday, June 20th. Wells Fargo & Company reiterated an overweight rating and set a $80.00 price target on shares of Citigroup in a research report on Monday, April 1st. Jefferies Financial Group upped their price target on shares of Citigroup from $56.00 to $65.00 and gave the stock a hold rating in a research report on Monday, April 8th. StockNews.com upgraded shares of Citigroup from a sell rating to a hold rating in a research report on Tuesday, March 19th. Finally, The Goldman Sachs Group reiterated a buy rating on shares of Citigroup in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $65.16.
Read Our Latest Stock Analysis on C
Citigroup Stock Down 0.3 %
Citigroup (NYSE:C – Get Free Report) last posted its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 EPS. Equities research analysts anticipate that Citigroup will post 5.85 EPS for the current fiscal year.
Institutional Trading of Citigroup
A number of hedge funds have recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in Citigroup during the 4th quarter worth approximately $26,000. Frazier Financial Advisors LLC bought a new stake in Citigroup during the 4th quarter worth approximately $29,000. Beacon Capital Management LLC increased its stake in Citigroup by 85.5% during the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares in the last quarter. Beaird Harris Wealth Management LLC increased its stake in Citigroup by 1,962.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after purchasing an additional 569 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new stake in Citigroup during the 4th quarter worth approximately $35,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
- Five stocks we like better than Citigroup
- What is the Dogs of the Dow Strategy? Overview and Examples
- AbbVie Stock: A Perfect Dip for Investors to Buy
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
- How to Start Investing in Real Estate
- GitLab Stock Rebounds: The Inside Story of Its Comeback
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.