Analysts Set Citigroup Inc. (NYSE:C) Target Price at $71.06

Citigroup Inc. (NYSE:C) has been assigned an average rating of “Moderate Buy” from the seventeen research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $71.06.

Several equities research analysts recently commented 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 report on Wednesday, September 11th. Barclays upped their target price on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Piper Sandler upped their target price on Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Morgan Stanley cut their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, BMO Capital Markets increased their price target on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th.

Citigroup Trading Up 3.9 %

NYSE C opened at $64.20 on Friday. The business’s 50-day moving average price is $61.72 and its two-hundred day moving average price is $61.99. Citigroup has a 12 month low of $38.41 and a 12 month high of $67.81. The firm has a market capitalization of $122.45 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect that Citigroup will post 5.76 EPS for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 62.75%.

Institutional Trading of Citigroup

A number of institutional investors and hedge funds have recently modified their holdings of the business. Roanoke Asset Management Corp NY increased its position in shares of Citigroup by 9.4% during the third quarter. Roanoke Asset Management Corp NY now owns 55,614 shares of the company’s stock valued at $3,481,000 after acquiring an additional 4,769 shares during the last quarter. Americana Partners LLC increased its position in shares of Citigroup by 4.4% during the third quarter. Americana Partners LLC now owns 173,154 shares of the company’s stock valued at $10,839,000 after acquiring an additional 7,333 shares during the last quarter. Gladstone Institutional Advisory LLC increased its position in shares of Citigroup by 17.0% during the third quarter. Gladstone Institutional Advisory LLC now owns 13,637 shares of the company’s stock valued at $854,000 after acquiring an additional 1,984 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of Citigroup by 4.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 38,413 shares of the company’s stock valued at $2,405,000 after acquiring an additional 1,643 shares during the last quarter. Finally, Principal Securities Inc. increased its position in shares of Citigroup by 7.0% during the third quarter. Principal Securities Inc. now owns 39,730 shares of the company’s stock valued at $2,487,000 after acquiring an additional 2,589 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

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.