Citigroup Inc. (NYSE:C) Receives $65.03 Consensus PT from Analysts

Shares of Citigroup Inc. (NYSE:C) have been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $65.03.

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research note on Thursday, June 20th. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 price objective on shares of Citigroup in a research report on Monday, April 1st. HSBC increased their target price on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Royal Bank of Canada upped their price objective on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Finally, Jefferies Financial Group upped their price target on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th.

Citigroup Price Performance

C stock opened at $63.46 on Friday. 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 company has a market capitalization of $121.05 billion, a P/E ratio of 18.78, a PEG ratio of 0.94 and a beta of 1.48. The business has a 50 day simple moving average of $62.06 and a 200-day simple moving average of $57.93. Citigroup has a twelve month low of $38.17 and a twelve month high of $64.98.

Citigroup (NYSE:C) last announced its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same period last year, the business posted $1.86 EPS. The company’s revenue was down 1.6% on a year-over-year basis. As a group, equities analysts anticipate that Citigroup will post 5.86 EPS for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. boosted its position in shares of Citigroup by 4.0% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company’s stock valued at $272,000 after purchasing an additional 164 shares during the period. NorthRock Partners LLC lifted its stake in Citigroup by 2.7% during the first quarter. NorthRock Partners LLC now owns 6,288 shares of the company’s stock valued at $398,000 after buying an additional 165 shares in the last quarter. Family Legacy Inc. boosted its holdings in shares of Citigroup by 2.9% in the first quarter. Family Legacy Inc. now owns 6,330 shares of the company’s stock worth $400,000 after buying an additional 179 shares during the period. Accel Wealth Management increased its position in shares of Citigroup by 3.9% in the first quarter. Accel Wealth Management now owns 4,919 shares of the company’s stock worth $311,000 after acquiring an additional 185 shares in the last quarter. Finally, Massachusetts Wealth Management raised its holdings in shares of Citigroup by 0.5% during the fourth quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock valued at $2,046,000 after acquiring an additional 192 shares during the period. 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.