The Goldman Sachs Group Raises Citigroup (NYSE:C) Price Target to $81.00

Citigroup (NYSE:C) had its price objective upped by equities researchers at The Goldman Sachs Group from $72.00 to $81.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 12.27% from the company’s current price.

Several other equities analysts also recently weighed in on the stock. Bank of America lifted their price target on shares of Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Keefe, Bruyette & Woods upgraded shares of Citigroup from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $70.00 to $82.00 in a research note on Tuesday, December 3rd. Barclays upped their target price on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Oppenheimer boosted their price objective on Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company upped their price objective on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.63.

Citigroup Trading Down 0.1 %

NYSE:C opened at $72.15 on Friday. The company has a 50 day simple moving average of $66.31 and a two-hundred day simple moving average of $63.37. The company has a market cap of $136.46 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup has a 12 month low of $47.71 and a 12 month high of $72.85.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 EPS. Research analysts forecast that Citigroup will post 5.85 earnings per share for the current year.

Hedge Funds Weigh In On Citigroup

A number of institutional investors have recently modified their holdings of C. Oddo BHF Asset Management Sas purchased a new position in shares of Citigroup during the third quarter valued at $614,000. Inspire Trust Co. N.A. grew its holdings in Citigroup by 34.8% during the 3rd quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company’s stock worth $4,852,000 after acquiring an additional 20,000 shares in the last quarter. Beaird Harris Wealth Management LLC increased its position in Citigroup by 160.4% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 1,560 shares of the company’s stock valued at $98,000 after purchasing an additional 961 shares during the period. Old North State Trust LLC raised its holdings in shares of Citigroup by 10.9% in the 3rd quarter. Old North State Trust LLC now owns 4,835 shares of the company’s stock valued at $303,000 after purchasing an additional 474 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Citigroup by 18.5% in the 3rd quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company’s stock valued at $1,998,976,000 after purchasing an additional 4,680,713 shares in 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.