Citigroup (NYSE:C) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Citigroup (NYSE:C – Get Rating) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the stock.

Several other research firms have also recently issued reports on C. Barclays increased their price target on Citigroup from $57.00 to $61.00 and gave the stock an equal weight rating in a research note on Tuesday, January 3rd. Piper Sandler increased their price target on Citigroup from $47.00 to $51.00 in a research note on Tuesday, January 17th. Oppenheimer raised their target price on Citigroup from $83.00 to $87.00 and gave the company an outperform rating in a research note on Thursday, February 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on Citigroup from $52.00 to $46.00 in a research note on Friday, January 6th. Finally, Morgan Stanley decreased their target price on Citigroup from $45.00 to $41.00 and set an underweight rating for the company in a research note on Friday, January 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $56.47.

Citigroup Price Performance

Shares of NYSE C opened at $44.25 on Thursday. Citigroup has a 1-year low of $40.01 and a 1-year high of $58.25. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.94 and a quick ratio of 0.94. The business’s fifty day moving average price is $50.17 and its two-hundred day moving average price is $47.39. The firm has a market capitalization of $86.01 billion, a PE ratio of 6.32, a P/E/G ratio of 1.51 and a beta of 1.59.

Citigroup (NYSE:C – Get Rating) last released its quarterly earnings results on Friday, January 13th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.08). Citigroup had a return on equity of 8.14% and a net margin of 14.73%. The business had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.91 billion. On average, research analysts expect that Citigroup will post 5.94 EPS for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Monday, February 6th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend was Friday, February 3rd. Citigroup’s dividend payout ratio is 29.14%.

Insider Activity

In other news, CEO Titilope Cole sold 11,903 shares of the stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $51.10, for a total transaction of $608,243.30. Following the transaction, the chief executive officer now owns 65,764 shares of the company’s stock, valued at approximately $3,360,540.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Citigroup news, insider Sara Wechter sold 2,950 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $50.77, for a total value of $149,771.50. Following the sale, the insider now owns 82,779 shares of the company’s stock, valued at approximately $4,202,689.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Titilope Cole sold 11,903 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $51.10, for a total value of $608,243.30. Following the completion of the sale, the chief executive officer now directly owns 65,764 shares in the company, valued at approximately $3,360,540.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,353 shares of company stock valued at $1,403,390. Insiders own 0.08% of the company’s stock.

Institutional Trading of Citigroup

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in C. McClarren Financial Advisors Inc. acquired a new stake in shares of Citigroup during the 3rd quarter worth approximately $25,000. Arlington Partners LLC acquired a new stake in shares of Citigroup during the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc grew its holdings in shares of Citigroup by 72.1% during the 4th quarter. Bell Investment Advisors Inc now owns 604 shares of the company’s stock worth $27,000 after purchasing an additional 253 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Citigroup during the 3rd quarter worth approximately $28,000. Finally, EWG Elevate Inc. acquired a new stake in shares of Citigroup during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 70.90% of the company’s stock.

Citigroup Company Profile

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Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.