Citigroup (NYSE:C) Raised to Overweight at Barclays

Citigroup (NYSE:C) was upgraded by equities research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday,Finviz reports. The firm presently has a $95.00 price target on the stock, up from their previous price target of $70.00. Barclays‘s price objective would suggest a potential upside of 33.80% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Morgan Stanley dropped their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Bank of America lifted their price target on Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Oppenheimer decreased their price objective on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research report on Friday. Evercore ISI lifted their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company boosted their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.43.

Citigroup Trading Up 1.5 %

Shares of C opened at $71.00 on Monday. Citigroup has a fifty-two week low of $50.51 and a fifty-two week high of $73.38. The business has a 50-day moving average of $69.33 and a 200 day moving average of $64.65. The firm has a market cap of $134.28 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share 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 business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same period in the previous year, the business earned $1.52 EPS. Citigroup’s revenue was up .9% compared to the same quarter last year. As a group, research analysts forecast that Citigroup will post 5.86 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB increased its holdings in Citigroup by 32.2% during the 4th quarter. Nordea Investment Management AB now owns 7,115,440 shares of the company’s stock valued at $501,994,000 after purchasing an additional 1,731,527 shares during the period. GAMMA Investing LLC grew its position in shares of Citigroup by 12.2% in the 4th quarter. GAMMA Investing LLC now owns 30,381 shares of the company’s stock worth $2,139,000 after buying an additional 3,308 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Citigroup by 64.7% during the fourth quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock valued at $165,000 after buying an additional 920 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Citigroup by 11.5% during the third quarter. Principal Financial Group Inc. now owns 3,728,261 shares of the company’s stock valued at $233,389,000 after acquiring an additional 383,534 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in Citigroup in the third quarter valued at $614,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

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.