Wells Fargo & Co set a $100.00 price target on Citigroup (NYSE:C) in a research note released on Monday. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other equities analysts have also recently weighed in on C. TheStreet upgraded shares of Citigroup from a c rating to a b- rating in a research report on Monday, July 30th. Royal Bank of Canada reiterated a buy rating and set a $85.00 price objective on shares of Citigroup in a research report on Monday, July 16th. Deutsche Bank upgraded shares of Citigroup from a hold rating to a buy rating and set a $61.00 price objective on the stock in a research report on Wednesday, June 20th. Daiwa Capital Markets cut shares of Citigroup from a strong-buy rating to a buy rating and set a $78.00 price objective on the stock. in a research report on Thursday, May 17th. Finally, ValuEngine cut shares of Citigroup from a buy rating to a hold rating in a research report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company. Citigroup has an average rating of Hold and an average target price of $81.65.

NYSE C opened at $71.46 on Monday. The firm has a market capitalization of $186.05 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 0.98 and a beta of 1.49. Citigroup has a 1 year low of $64.38 and a 1 year high of $80.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, July 13th. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.08. The company had revenue of $18.47 billion for the quarter, compared to analysts’ expectations of $18.43 billion. Citigroup had a positive return on equity of 8.78% and a negative net margin of 5.45%. analysts anticipate that Citigroup will post 6.58 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Monday, August 6th were issued a dividend of $0.45 per share. This is a boost from Citigroup’s previous quarterly dividend of $0.32. This represents a $1.80 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Friday, August 3rd. Citigroup’s payout ratio is currently 33.77%.

In related news, insider Raja Akram sold 500 shares of the company’s stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $69.21, for a total value of $34,605.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Francisco Aristeguieta sold 15,000 shares of the company’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $72.36, for a total transaction of $1,085,400.00. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Large investors have recently modified their holdings of the stock. Elgethun Capital Management lifted its position in Citigroup by 2.7% during the 1st quarter. Elgethun Capital Management now owns 26,857 shares of the financial services provider’s stock worth $1,813,000 after acquiring an additional 694 shares during the last quarter. Front Barnett Associates LLC lifted its position in Citigroup by 0.5% during the 2nd quarter. Front Barnett Associates LLC now owns 134,048 shares of the financial services provider’s stock worth $8,970,000 after acquiring an additional 700 shares during the last quarter. Derby & Company Inc. lifted its position in Citigroup by 6.7% during the 1st quarter. Derby & Company Inc. now owns 11,712 shares of the financial services provider’s stock worth $791,000 after acquiring an additional 731 shares during the last quarter. Linscomb & Williams Inc. lifted its position in Citigroup by 8.4% during the 1st quarter. Linscomb & Williams Inc. now owns 9,524 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 737 shares during the last quarter. Finally, River Wealth Advisors LLC lifted its position in Citigroup by 19.7% during the 1st quarter. River Wealth Advisors LLC now owns 4,532 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 745 shares during the last quarter. Hedge funds and other institutional investors own 74.82% of the company’s stock.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Analyst Recommendations for Citigroup (NYSE:C)

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