Citigroup (NYSE:C) Price Target Increased to $69.00 by Analysts at Keefe, Bruyette & Woods

Citigroup (NYSE:C) had its price objective hoisted by Keefe, Bruyette & Woods from $66.00 to $69.00 in a report issued on Thursday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other brokerages have also recently weighed in on C. Jefferies Financial Group boosted their price objective on Citigroup from $56.00 to $65.00 and gave the stock a hold rating in a research note on Monday, April 8th. Evercore ISI upped their target price on Citigroup from $58.00 to $60.00 and gave the company an in-line rating in a research note on Thursday, April 4th. The Goldman Sachs Group reaffirmed a buy rating on shares of Citigroup in a research note on Monday, April 1st. HSBC upped their target price on Citigroup from $61.00 to $70.00 and gave the company a buy rating in a research note on Thursday, March 28th. Finally, Oppenheimer cut their target price on Citigroup from $87.00 to $86.00 and set an outperform rating on the stock in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $65.03.

Citigroup Trading Down 0.2 %

Shares of C stock opened at $60.65 on Thursday. Citigroup has a 12-month low of $38.17 and a 12-month high of $64.98. 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 stock’s 50-day moving average price is $61.70 and its 200-day moving average price is $57.27. The stock has a market capitalization of $115.69 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 0.91 and a beta of 1.48.

Citigroup (NYSE:C) last issued its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same period in the previous year, the firm posted $1.86 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. Equities research analysts predict that Citigroup will post 5.96 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.50%. Citigroup’s dividend payout ratio is currently 62.72%.

Institutional Trading of Citigroup

A number of hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Citigroup by 33.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,637 shares of the company’s stock valued at $346,000 after purchasing an additional 1,417 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Citigroup by 23.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,454,456 shares of the company’s stock valued at $90,967,000 after purchasing an additional 277,502 shares during the last quarter. Soltis Investment Advisors LLC lifted its holdings in shares of Citigroup by 2.1% during the 1st quarter. Soltis Investment Advisors LLC now owns 127,253 shares of the company’s stock valued at $8,048,000 after purchasing an additional 2,664 shares during the last quarter. Cetera Advisors LLC lifted its holdings in shares of Citigroup by 219.4% during the 1st quarter. Cetera Advisors LLC now owns 237,663 shares of the company’s stock valued at $15,030,000 after purchasing an additional 163,247 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Citigroup by 120.6% during the 1st quarter. Cetera Investment Advisers now owns 469,152 shares of the company’s stock valued at $29,669,000 after purchasing an additional 256,527 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

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.