Citigroup Inc. (NYSE:C) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Citigroup Inc. (NYSE:C) have been given an average recommendation of “Moderate Buy” by the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $62.85.

C has been the subject of a number of analyst reports. Evercore ISI boosted their target price on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Jefferies Financial Group lifted their target price on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. HSBC raised their price target on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Piper Sandler increased their target price on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th.

Citigroup Price Performance

Shares of C opened at $62.75 on Friday. Citigroup has a 52 week low of $38.17 and a 52 week high of $63.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm has a market cap of $120.18 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 0.92 and a beta of 1.49. The stock has a 50 day moving average of $59.98 and a 200-day moving average of $53.10.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The company had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.86 EPS. As a group, analysts forecast that Citigroup will post 5.98 EPS for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a $0.53 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.38%. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

Institutional Trading of Citigroup

A number of hedge funds have recently modified their holdings of C. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Citigroup in the third quarter worth $209,000. Simplicity Solutions LLC lifted its holdings in shares of Citigroup by 17.6% during the 4th quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock valued at $1,430,000 after buying an additional 4,150 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Citigroup by 56.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock worth $64,078,000 after buying an additional 449,310 shares during the last quarter. GFS Advisors LLC bought a new position in Citigroup during the fourth quarter valued at approximately $2,003,000. Finally, Sound Income Strategies LLC lifted its stake in Citigroup by 9.1% in the fourth quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock valued at $13,279,000 after acquiring an additional 21,440 shares during the last quarter. Hedge funds and other 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.