Citigroup (NYSE:C) Price Target Raised to $95.00

Citigroup (NYSE:C) had its price objective lifted by Wells Fargo & Company from $85.00 to $95.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also weighed in on C. Bank of America increased their price objective on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Evercore ISI raised their price objective on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group decreased 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. Oppenheimer lifted their price target on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley lowered their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Citigroup Stock Performance

C opened at $68.76 on Friday. The company has a market capitalization of $130.04 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 0.77 and a beta of 1.44. The business’s 50-day moving average price is $63.21 and its two-hundred day moving average price is $62.61. Citigroup has a 1 year low of $44.32 and a 1 year high of $70.20. 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 issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 EPS. Equities analysts expect that Citigroup will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is currently 64.93%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. POM Investment Strategies LLC purchased a new position in Citigroup during the second quarter worth about $25,000. Legacy Investment Solutions LLC bought a new position in shares of Citigroup in the third quarter valued at approximately $31,000. Northwest Investment Counselors LLC purchased a new stake in shares of Citigroup during the third quarter valued at approximately $28,000. Beacon Capital Management LLC lifted its holdings in Citigroup by 85.5% during the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in Citigroup in the 2nd quarter valued at $31,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

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.