Citigroup (NYSE:C) Price Target Raised to $85.00 at Keefe, Bruyette & Woods

Citigroup (NYSE:C) had its price objective hoisted by Keefe, Bruyette & Woods from $82.00 to $85.00 in a research report report published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts have also commented on C. Evercore ISI upped their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. The Goldman Sachs Group boosted their price objective on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company raised their price objective on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Bank of America upped their target price on Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Morgan Stanley cut their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.64.

Citigroup Price Performance

Shares of C opened at $71.00 on Friday. The company’s 50-day moving average is $69.33 and its 200-day moving average is $64.60. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $134.28 billion, a PE ratio of 20.58, a PEG ratio of 0.80 and a beta of 1.45. Citigroup has a fifty-two week low of $50.51 and a fifty-two week high of $73.38.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same period last year, the business posted $1.52 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts forecast that Citigroup will post 5.86 EPS for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.15%. Citigroup’s payout ratio is presently 64.93%.

Institutional Trading of Citigroup

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in shares of Citigroup in the third quarter valued at about $28,000. Strategic Investment Solutions Inc. IL bought a new position in Citigroup during the 2nd quarter worth approximately $31,000. Legacy Investment Solutions LLC acquired a new position in shares of Citigroup in the 3rd quarter worth approximately $31,000. Strategic Financial Concepts LLC boosted its stake 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 last quarter. Finally, GHP Investment Advisors Inc. increased its position in shares of Citigroup by 184.0% during the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after buying an additional 368 shares during the period. 71.72% of the stock is currently owned by institutional investors.

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.