Citigroup (NYSE:C) Given New $125.00 Price Target at Wells Fargo & Company

Citigroup (NYSE:C) had its price target lifted by Wells Fargo & Company from $115.00 to $125.00 in a research note released on Tuesday, MarketBeat reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other analysts have also recently weighed in on C. Piper Sandler raised their target price on shares of Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Morgan Stanley raised their price objective on Citigroup from $103.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. UBS Group restated a “neutral” rating and issued a $89.00 target price on shares of Citigroup in a report on Tuesday, July 15th. Oppenheimer boosted their price objective on Citigroup from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, Barclays boosted their target price on shares of Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $97.68.

Citigroup Trading Up 0.7%

Shares of Citigroup stock opened at $102.46 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The firm has a market cap of $188.62 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 0.87 and a beta of 1.41. The business has a fifty day simple moving average of $94.81 and a 200-day simple moving average of $80.48. Citigroup has a fifty-two week low of $55.51 and a fifty-two week high of $102.70.

Citigroup (NYSE:C) last released its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same period in the previous year, the company earned $1.52 earnings per share. Citigroup’s revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Citigroup will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were given a $0.60 dividend. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s dividend payout ratio (DPR) is currently 35.45%.

Insider Transactions at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, the director owned 2,140 shares of the company’s stock, valued at approximately $193,456. The trade was a 58.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.08% of the company’s stock.

Institutional Trading of Citigroup

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Orion Capital Management LLC acquired a new position in shares of Citigroup during the fourth quarter valued at about $28,000. MorganRosel Wealth Management LLC bought a new position in Citigroup during the first quarter valued at about $28,000. Howard Hughes Medical Institute acquired a new position in Citigroup in the 2nd quarter valued at approximately $34,000. Accent Capital Management LLC raised its holdings 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 acquiring an additional 212 shares in the last quarter. Finally, American National Bank & Trust acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $29,000. 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.