Citigroup Inc. (NYSE:C) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Citigroup Inc. (NYSE:C) have been given an average rating of “Moderate Buy” by the eighteen analysts that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $107.6333.

A number of equities analysts recently issued reports on C shares. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. Wells Fargo & Company boosted their price target on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Keefe, Bruyette & Woods increased their target price on Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Bank of America increased their price target on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 15th.

Citigroup Price Performance

Shares of NYSE C opened at $100.73 on Wednesday. The stock’s 50-day simple moving average is $99.34 and its 200-day simple moving average is $89.46. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $185.43 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Citigroup has a fifty-two week low of $55.51 and a fifty-two week high of $105.59.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. The firm had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. Citigroup’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Citigroup will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s payout ratio is 33.71%.

Institutional Trading of Citigroup

Large investors have recently modified their holdings of the business. Wolff Wiese Magana LLC boosted its stake in shares of Citigroup by 87.6% during the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after acquiring an additional 120 shares during the last quarter. Accent Capital Management LLC raised its stake in Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares during the last quarter. Truvestments Capital LLC lifted its holdings in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares in the last quarter. Guerra Advisors Inc acquired a new stake in shares of Citigroup during the 3rd quarter worth about $33,000. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Citigroup during the second quarter worth about $34,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

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.