Citigroup (NYSE:C) Price Target Raised to $80.00

Citigroup (NYSE:C) had its price target boosted by Wells Fargo & Company from $70.00 to $80.00 in a research note issued to investors on Monday morning, Marketbeat.com reports. The firm currently has an overweight rating on the stock.

Other research analysts have also issued research reports about the stock. Daiwa Capital Markets upgraded shares of Citigroup from a neutral rating to a buy rating and set a $63.00 price target on the stock in a research note on Monday, December 18th. Barclays increased their price target on shares of Citigroup from $59.00 to $63.00 and gave the stock an equal weight rating in a research note on Tuesday, January 2nd. TheStreet upgraded shares of Citigroup from a c+ rating to a b- rating in a research note on Wednesday, December 13th. HSBC upgraded shares of Citigroup from a hold rating to a buy rating and increased their price target for the stock from $42.00 to $61.00 in a research note on Tuesday, January 9th. Finally, BMO Capital Markets lowered shares of Citigroup from an outperform rating to a market perform rating and set a $57.00 price target on the stock. in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $59.03.

Citigroup Stock Up 1.8 %

C stock opened at $62.75 on Monday. Citigroup has a 12-month low of $38.17 and a 12-month high of $62.76. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.52. The company has a market cap of $120.18 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.69 and a beta of 1.50. The company has a 50 day moving average of $56.06 and a two-hundred day moving average of $48.95.

Citigroup (NYSE:C) last released its earnings results on Friday, January 12th. The company reported ($1.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The company had revenue of $17.44 billion during the quarter, compared to analysts’ expectations of $18.71 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that Citigroup will post 5.85 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were given a $0.53 dividend. The ex-dividend date was Friday, February 2nd. This represents a $2.12 annualized dividend and a yield of 3.38%. Citigroup’s dividend payout ratio is 53.13%.

Institutional Trading of Citigroup

Several hedge funds and other institutional investors have recently bought and sold shares of C. Carmel Capital Partners LLC acquired a new stake in Citigroup in the 3rd quarter worth $25,000. Orion Capital Management LLC bought a new position in shares of Citigroup during the 4th quarter worth about $26,000. GHP Investment Advisors Inc. lifted its holdings in shares of Citigroup by 73.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after acquiring an additional 290 shares during the period. SkyView Investment Advisors LLC bought a new position in shares of Citigroup during the 1st quarter worth about $28,000. Finally, AlphaMark Advisors LLC lifted its holdings in shares of Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after acquiring an additional 300 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.