Citigroup (NYSE:C) PT Lowered to $86.00 at Oppenheimer

Citigroup (NYSE:C) had its target price lowered by Oppenheimer from $87.00 to $86.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts also recently commented on C. Morgan Stanley upgraded shares of Citigroup from an underweight rating to an overweight rating and lifted their target price for the stock from $46.00 to $65.00 in a report on Tuesday, January 30th. Evercore ISI boosted their price objective on Citigroup from $58.00 to $60.00 and gave the stock an in-line rating in a research report on Thursday, April 4th. Keefe, Bruyette & Woods raised their target price on Citigroup from $54.00 to $66.00 and gave the company a market perform rating in a report on Friday, April 5th. HSBC increased their price objective on Citigroup from $61.00 to $70.00 and gave the company a buy rating in a research report on Thursday, March 28th. Finally, BMO Capital Markets cut shares of Citigroup from an outperform rating to a market perform rating and set a $57.00 target price for the company. in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $62.85.

Citigroup Stock Performance

Shares of C opened at $61.55 on Tuesday. The company has a market capitalization of $117.89 billion, a PE ratio of 18.21, a PEG ratio of 0.92 and a beta of 1.49. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The company’s 50 day moving average price is $59.48 and its 200 day moving average price is $52.41. Citigroup has a 52 week low of $38.17 and a 52 week high of $63.90.

Citigroup (NYSE:C) last issued its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 EPS. Research analysts expect that Citigroup will post 5.97 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a $0.53 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.44%. Citigroup’s payout ratio is 62.72%.

Institutional Trading of Citigroup

A number of institutional investors have recently bought and sold shares of the business. Family Legacy Inc. increased its stake in shares of Citigroup by 2.9% during the 1st quarter. Family Legacy Inc. now owns 6,330 shares of the company’s stock worth $400,000 after purchasing an additional 179 shares during the last quarter. Accel Wealth Management lifted its position in shares of Citigroup by 3.9% during the 1st quarter. Accel Wealth Management now owns 4,919 shares of the company’s stock valued at $311,000 after buying an additional 185 shares during the last quarter. Massachusetts Wealth Management grew its stake in shares of Citigroup by 0.5% during the 4th quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock worth $2,046,000 after acquiring an additional 192 shares during the period. Founders Capital Management increased its holdings in Citigroup by 12.5% in the 4th quarter. Founders Capital Management now owns 1,800 shares of the company’s stock worth $93,000 after acquiring an additional 200 shares during the last quarter. Finally, Cowa LLC raised its stake in Citigroup by 3.1% in the 4th quarter. Cowa LLC now owns 6,600 shares of the company’s stock valued at $340,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

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.