Brokerages Set Citigroup Inc. (NYSE:C) PT at $75.63

Shares of Citigroup Inc. (NYSE:C) have earned an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $76.47.

A number of equities analysts have issued reports on C shares. Oppenheimer raised their price objective on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Bank of America increased their price target on shares of Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Evercore ISI boosted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Piper Sandler upped their target price on shares of Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Barclays lifted their price target on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. POM Investment Strategies LLC acquired a new position in shares of Citigroup during the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup in the third quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Citigroup in the 2nd quarter valued at about $31,000. Legacy Investment Solutions LLC acquired a new position in shares of Citigroup during the 3rd quarter worth about $31,000. Finally, Strategic Financial Concepts LLC raised its holdings in shares of Citigroup by 1,139.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock valued at $33,000 after purchasing an additional 48,484 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 1.1 %

Shares of C opened at $69.19 on Friday. The stock’s fifty day simple moving average is $67.86 and its 200-day simple moving average is $63.91. The firm has a market capitalization of $130.86 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45. Citigroup has a 12-month low of $49.97 and a 12-month high of $73.38. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55.

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

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is presently 64.93%.

About Citigroup

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.