Citigroup (NYSE:C) Upgraded at Barclays

Barclays upgraded shares of Citigroup (NYSE:C) from an equal weight rating to an overweight rating in a research note published on Monday morning, MarketBeat.com reports. The brokerage currently has $95.00 target price on the stock, up from their previous target price of $70.00.

C has been the topic of several other reports. The Goldman Sachs Group increased their target price on shares of Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company increased their price target on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods lifted their price objective on shares of Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Piper Sandler upped their target price on Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Bank of America upped their price objective on shares of Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.13.

Citigroup Trading Down 0.6 %

Citigroup stock opened at $73.23 on Monday. Citigroup has a 1 year low of $50.51 and a 1 year high of $74.29. The firm’s 50 day moving average price is $69.85 and its 200-day moving average price is $64.89. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $138.50 billion, a P/E ratio of 21.23, a PEG ratio of 0.80 and a beta of 1.43.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 EPS. On average, equities analysts predict that Citigroup will post 5.86 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.06%. Citigroup’s dividend payout ratio (DPR) is 64.93%.

Institutional Trading of Citigroup

A number of hedge funds and other institutional investors have recently modified their holdings of C. Lifestyle Asset Management Inc. raised its position in shares of Citigroup by 4.5% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 3,730 shares of the company’s stock valued at $233,000 after acquiring an additional 160 shares during the period. Grove Bank & Trust increased its position in shares of Citigroup by 7.1% in the 3rd quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock valued at $161,000 after buying an additional 170 shares in the last quarter. MWA Asset Management raised its stake in Citigroup by 1.4% during the 3rd quarter. MWA Asset Management now owns 12,585 shares of the company’s stock worth $788,000 after buying an additional 173 shares during the period. Bridge Creek Capital Management LLC lifted its holdings in Citigroup by 0.3% during the third quarter. Bridge Creek Capital Management LLC now owns 67,236 shares of the company’s stock worth $4,209,000 after acquiring an additional 175 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Citigroup by 9.3% in the third quarter. Venturi Wealth Management LLC now owns 2,048 shares of the company’s stock valued at $128,000 after acquiring an additional 175 shares during the period. 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.