Citigroup (NYSE:C) Given New $95.00 Price Target at Wells Fargo & Company

Citigroup (NYSE:C) had its target price increased by Wells Fargo & Company from $85.00 to $95.00 in a report issued on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other analysts have also commented on the stock. Morgan Stanley reduced their price objective on shares of 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 increased their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group reduced their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Barclays increased their target price on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer boosted their price target on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $73.00.

Citigroup Price Performance

NYSE:C opened at $69.01 on Friday. Citigroup has a 52-week low of $44.56 and a 52-week high of $70.20. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The firm has a market cap of $130.52 billion, a P/E ratio of 20.00, a PEG ratio of 0.77 and a beta of 1.44. The business’s 50-day moving average price is $63.40 and its 200 day moving average price is $62.66.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 EPS. As a group, sell-side analysts predict that Citigroup will post 5.85 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

Institutional Investors Weigh In On Citigroup

Several hedge funds and other institutional investors have recently made changes to their positions in C. POM Investment Strategies LLC bought a new position in Citigroup during the second quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup in the third quarter valued at about $28,000. Beacon Capital Management LLC lifted its position in Citigroup by 85.5% during the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup during the 2nd quarter valued at approximately $31,000. Finally, Legacy Investment Solutions LLC acquired a new position in Citigroup in the 3rd quarter worth about $31,000. 71.72% of the stock is 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.