Citigroup (NYSE:C) Price Target Increased to $70.00 by Analysts at Piper Sandler

Citigroup (NYSE:C) had its price objective boosted by Piper Sandler from $67.00 to $70.00 in a report released on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also recently issued reports on C. The Goldman Sachs Group reiterated a buy rating on shares of Citigroup in a report on Monday, April 1st. Jefferies Financial Group increased their target price on shares of Citigroup from $56.00 to $65.00 and gave the stock a hold rating in a report on Monday, April 8th. Wells Fargo & Company reiterated an overweight rating and set a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $54.00 to $66.00 and gave the stock a market perform rating in a report on Friday, April 5th. Finally, Morgan Stanley upgraded shares of Citigroup from an underweight rating to an overweight rating and increased their target price for the stock from $46.00 to $65.00 in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Citigroup presently has an average rating of Moderate Buy and an average target price of $62.91.

Citigroup Trading Down 1.9 %

NYSE C opened at $58.56 on Monday. The company’s 50-day moving average price is $57.99 and its 200-day moving average price is $50.81. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock has a market cap of $112.15 billion, a PE ratio of 17.32, a PEG ratio of 0.93 and a beta of 1.52. Citigroup has a 12 month low of $38.17 and a 12 month high of $63.90.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The firm had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 earnings per share. Equities research analysts forecast that Citigroup will post 5.73 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Friday, May 3rd. Citigroup’s payout ratio is currently 62.72%.

Hedge Funds Weigh In On Citigroup

Several hedge funds and other institutional investors have recently bought and sold shares of C. Carmel Capital Partners LLC acquired a new stake in shares of Citigroup during the 3rd quarter worth approximately $25,000. Orion Capital Management LLC acquired a new stake in shares of Citigroup during the 4th quarter worth approximately $26,000. GHP Investment Advisors Inc. grew its stake in Citigroup by 73.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after acquiring an additional 290 shares during the period. SkyView Investment Advisors LLC acquired a new stake in Citigroup in the 1st quarter valued at $28,000. Finally, AlphaMark Advisors LLC lifted its holdings in Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

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.