Citigroup Inc. (C) Receives $55.17 Consensus Price Target from Brokerages
Shares of Citigroup Inc. (NYSE:C) have been given an average rating of “Hold” by the twenty-nine analysts that are currently covering the company. Three investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and seventeen have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $55.20.
A number of research analysts have issued reports on C shares. Jefferies Group boosted their target price on shares of Citigroup from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, October 10th. Credit Agricole SA upped their price target on shares of Citigroup from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, September 23rd. Nomura reduced their price target on shares of Citigroup from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, September 7th. Goldman Sachs Group Inc. lowered shares of Citigroup from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $52.00 to $50.00 in a research note on Friday, September 16th. Finally, TheStreet raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Tuesday, August 23rd.
Institutional investors have recently added to or reduced their stakes in the stock. Gemmer Asset Management LLC boosted its position in Citigroup by 3.2% in the third quarter. Gemmer Asset Management LLC now owns 2,234 shares of the financial services provider’s stock valued at $106,000 after buying an additional 69 shares during the last quarter. City Holding Co. boosted its position in shares of Citigroup by 26.6% in the third quarter. City Holding Co. now owns 2,305 shares of the financial services provider’s stock worth $109,000 after buying an additional 485 shares in the last quarter. Enterprise Financial Services Corp boosted its position in shares of Citigroup by 44.5% in the third quarter. Enterprise Financial Services Corp now owns 2,447 shares of the financial services provider’s stock worth $116,000 after buying an additional 753 shares in the last quarter. Cedar Wealth Management LLC boosted its position in shares of Citigroup by 57.1% in the second quarter. Cedar Wealth Management LLC now owns 2,613 shares of the financial services provider’s stock worth $111,000 after buying an additional 950 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of Citigroup during the second quarter worth about $116,000. Hedge funds and other institutional investors own 72.59% of the company’s stock.
Shares of Citigroup (NYSE:C) opened at 52.83 on Tuesday. The stock’s 50 day moving average price is $48.92 and its 200-day moving average price is $45.95. Citigroup has a 12-month low of $34.52 and a 12-month high of $55.37. The firm has a market cap of $150.55 billion, a P/E ratio of 11.49 and a beta of 1.74.
Citigroup (NYSE:C) last posted its earnings results on Friday, October 14th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The firm earned $17.80 billion during the quarter, compared to analyst estimates of $17.32 billion. Citigroup had a net margin of 17.58% and a return on equity of 7.04%. Citigroup’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 EPS. On average, analysts predict that Citigroup will post $4.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Monday, November 7th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Thursday, November 3rd. Citigroup’s dividend payout ratio is currently 13.91%.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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