Citigroup Inc. (NYSE:C) Receives $80.13 Consensus Price Target from Analysts

Shares of Citigroup Inc. (NYSE:C) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $80.13.

Several equities analysts have issued reports on C shares. Keefe, Bruyette & Woods boosted their price objective on shares of Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. The Goldman Sachs Group lifted their target price on shares of Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Oppenheimer lowered their price target on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Evercore ISI lifted their price target on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Finally, Morgan Stanley reduced their target price on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th.

Hedge Funds Weigh In On Citigroup

Large investors have recently bought and sold shares of the company. Strategic Financial Concepts LLC boosted its stake in Citigroup by 1,139.7% in the second quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock valued at $33,000 after buying an additional 48,484 shares in the last quarter. Choreo LLC grew its position in Citigroup by 259.1% during the 2nd quarter. Choreo LLC now owns 30,935 shares of the company’s stock worth $1,962,000 after acquiring an additional 22,320 shares during the last quarter. LGT Fund Management Co Ltd. bought a new position in Citigroup in the second quarter valued at about $850,000. Andra AP fonden bought a new stake in shares of Citigroup during the second quarter worth about $12,324,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Citigroup by 12.5% in the second quarter. Daiwa Securities Group Inc. now owns 249,596 shares of the company’s stock valued at $15,838,000 after buying an additional 27,794 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of NYSE C opened at $71.43 on Thursday. The stock has a market cap of $135.09 billion, a P/E ratio of 20.70, a P/E/G ratio of 0.80 and a beta of 1.43. Citigroup has a twelve month low of $50.51 and a twelve month high of $74.29. The stock has a 50 day moving average of $70.19 and a two-hundred day moving average of $65.05. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating 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 quarter in the prior year, the firm earned $1.52 EPS. Citigroup’s revenue for the quarter was up .9% on a year-over-year basis. On average, research analysts forecast that Citigroup will post 5.86 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s payout ratio is 64.93%.

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.