Analysts Set Citigroup Inc. (NYSE:C) PT at $68.06

Citigroup Inc. (NYSE:C) has been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $68.06.

Several analysts recently weighed in on C shares. BMO Capital Markets boosted their price objective on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Piper Sandler upped their price target on Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Royal Bank of Canada raised their price objective on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Keefe, Bruyette & Woods boosted their target price on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research note on Thursday, June 20th. Finally, Oppenheimer raised their price target on shares of Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th.

Citigroup Stock Down 2.7 %

C stock opened at $57.93 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. The firm has a 50 day simple moving average of $62.22 and a 200-day simple moving average of $61.33. The company has a market capitalization of $110.50 billion, a P/E ratio of 16.23, a PEG ratio of 0.64 and a beta of 1.45. Citigroup has a twelve month low of $38.17 and a twelve month high of $67.81.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, July 12th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The firm had revenue of $20.14 billion for the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 EPS. On average, equities research analysts predict that Citigroup will post 5.82 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, August 5th. This is an increase from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 annualized dividend and a dividend yield of 3.87%. Citigroup’s payout ratio is currently 62.75%.

Institutional Trading of Citigroup

Hedge funds have recently added to or reduced their stakes in the business. POM Investment Strategies LLC acquired a new stake in shares of Citigroup in the 2nd quarter worth approximately $25,000. Frazier Financial Advisors LLC acquired a new stake in Citigroup in the fourth quarter worth approximately $29,000. Beacon Capital Management LLC boosted its stake in Citigroup by 85.5% during the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. Beaird Harris Wealth Management LLC increased its position in shares of Citigroup by 1,962.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock valued at $31,000 after purchasing an additional 569 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup in the 2nd quarter worth $31,000. Institutional investors 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.