Citigroup Inc. (NYSE:C) Receives $73.16 Average Target Price from Brokerages

Shares of Citigroup Inc. (NYSE:C – Get Rating) have received a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $70.48.

Several analysts recently weighed in on the company. Credit Suisse Group decreased their target price on Citigroup from $72.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, March 7th. BMO Capital Markets decreased their target price on Citigroup from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, April 18th. Jefferies Financial Group downgraded Citigroup from a “buy” rating to a “hold” rating and decreased their target price for the company from $79.00 to $60.00 in a research note on Monday, March 7th. Piper Sandler cut their price target on Citigroup from $80.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, April 5th. Finally, JPMorgan Chase & Co. cut their price target on Citigroup from $80.50 to $76.00 and set a “neutral” rating for the company in a report on Thursday, January 6th.

In related news, insider Sara Wechter sold 14,800 shares of the stock in a transaction that occurred on Friday, February 11th. The stock was sold at an average price of $68.56, for a total transaction of $1,014,688.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.08% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in C. Poehling Capital Management LLC boosted its position in shares of Citigroup by 8.6% in the 4th quarter. Poehling Capital Management LLC now owns 60,638 shares of the company’s stock worth $3,662,000 after purchasing an additional 4,817 shares during the last quarter. D Orazio & Associates Inc. boosted its position in shares of Citigroup by 40.9% in the 3rd quarter. D Orazio & Associates Inc. now owns 4,412 shares of the company’s stock worth $310,000 after purchasing an additional 1,281 shares during the last quarter. Peapack Gladstone Financial Corp boosted its position in shares of Citigroup by 33.3% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 56,364 shares of the company’s stock worth $3,955,000 after purchasing an additional 14,068 shares during the last quarter. Sompo Asset Management Co. Ltd. bought a new position in shares of Citigroup in the 3rd quarter worth $1,117,000. Finally, Griffin Asset Management Inc. boosted its position in shares of Citigroup by 48.3% in the 4th quarter. Griffin Asset Management Inc. now owns 5,607 shares of the company’s stock worth $339,000 after purchasing an additional 1,827 shares during the last quarter. Hedge funds and other institutional investors own 74.91% of the company’s stock.

NYSE C traded up $2.13 on Friday, reaching $52.23. The stock had a trading volume of 26,463,356 shares, compared to its average volume of 27,364,852. The business has a 50 day moving average price of $53.91 and a 200 day moving average price of $61.37. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. Citigroup has a 1 year low of $47.78 and a 1 year high of $80.29. The company has a market capitalization of $103.46 billion, a price-to-earnings ratio of 6.16, a P/E/G ratio of 0.63 and a beta of 1.61.

Citigroup (NYSE:C – Get Rating) last released its quarterly earnings results on Thursday, April 14th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.47. The company had revenue of $19.16 billion during the quarter, compared to the consensus estimate of $18.12 billion. Citigroup had a return on equity of 10.96% and a net margin of 22.95%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.62 EPS. On average, analysts anticipate that Citigroup will post 6.86 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Monday, May 2nd will be issued a $0.51 dividend. The ex-dividend date is Friday, April 29th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.91%. Citigroup’s payout ratio is presently 24.06%.

About Citigroup (Get Rating)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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