Shares of Citigroup Inc. (NYSE:C – Get Free Report) have received an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $67.25.
Several equities analysts recently commented on C shares. BMO Capital Markets increased their target price on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. HSBC boosted their target price on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Argus raised their price target on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Jefferies Financial Group boosted their price objective on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Finally, Piper Sandler raised their target price on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, July 15th.
View Our Latest Stock Report on C
Hedge Funds Weigh In On Citigroup
Citigroup Stock Performance
NYSE:C opened at $64.50 on Thursday. The stock has a market cap of $123.03 billion, a P/E ratio of 18.07, a PEG ratio of 0.71 and a beta of 1.46. The company has a quick ratio of 0.95, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. The business’s 50-day moving average price is $63.02 and its two-hundred day moving average price is $59.56. Citigroup has a twelve month low of $38.17 and a twelve month high of $67.81.
Citigroup (NYSE:C – Get Free Report) last issued its quarterly earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The firm had revenue of $20.14 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities analysts predict that Citigroup will post 5.82 EPS for the current fiscal year.
Citigroup Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 5th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.47%. This is an increase from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Monday, August 5th. Citigroup’s dividend payout ratio is 59.38%.
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.
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