Brokerages Set Citigroup Inc. (NYSE:C) Price Target at $99.68

Citigroup Inc. (NYSE:C) has been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $105.90.

C has been the subject of a number of research reports. Bank of America upped their target price on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. The Goldman Sachs Group reissued a “buy” rating and issued a $118.00 price objective on shares of Citigroup in a report on Tuesday. Wells Fargo & Company boosted their target price on shares of Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Finally, Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd.

Citigroup Price Performance

Citigroup stock opened at $99.73 on Friday. Citigroup has a 52-week low of $55.51 and a 52-week high of $105.59. The firm has a market capitalization of $183.59 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.87 and a beta of 1.37. The company has a fifty day simple moving average of $97.40 and a 200-day simple moving average of $84.27. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. During the same period in the previous year, the company earned $1.51 EPS. Citigroup’s quarterly revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Citigroup will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s payout ratio is presently 35.45%.

Hedge Funds Weigh In On Citigroup

Institutional investors and hedge funds have recently bought and sold shares of the company. Private Advisory Group LLC boosted its holdings in Citigroup by 20.8% in the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company’s stock valued at $4,940,000 after purchasing an additional 11,978 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Citigroup by 109.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company’s stock worth $88,458,000 after buying an additional 649,807 shares during the period. Brighton Jones LLC boosted its stake in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after buying an additional 12,499 shares during the period. Onyx Bridge Wealth Group LLC purchased a new position in Citigroup during the first quarter worth about $214,000. Finally, Hayek Kallen Investment Management boosted its stake in Citigroup by 125.0% during the first quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock worth $1,103,000 after buying an additional 8,630 shares during the period. 71.72% of the stock is currently 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.