Citigroup (NYSE:C) Price Target Raised to $77.00

Citigroup (NYSE:C) had its price target increased by Evercore ISI from $76.00 to $77.00 in a report issued on Wednesday,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Other research analysts have also recently issued reports about the stock. Truist Financial decreased their price objective on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price objective on shares of Citigroup from $85.50 to $75.50 and set a “neutral” rating for the company in a report on Thursday, April 3rd. TD Cowen started coverage on shares of Citigroup in a research report on Thursday, May 15th. They set a “hold” rating and a $83.00 target price for the company. Keefe, Bruyette & Woods restated an “outperform” rating and set a $92.00 target price (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Finally, Morgan Stanley boosted their target price on shares of Citigroup from $90.00 to $94.00 and gave the company an “overweight” rating in a research report on Monday, June 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.43.

Citigroup Stock Up 2.2%

Shares of Citigroup stock opened at $88.67 on Wednesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50-day moving average of $76.63 and a 200 day moving average of $74.16. The firm has a market cap of $165.61 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.69 and a beta of 1.34. Citigroup has a 1 year low of $53.51 and a 1 year high of $88.80.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.12. The business had revenue of $21.60 billion during the quarter, compared to analysts’ expectations of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. As a group, sell-side analysts anticipate that Citigroup will post 7.53 earnings per share for the current fiscal year.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the company’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the sale, the director owned 13,048 shares of the company’s stock, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Orion Capital Management LLC bought a new position in Citigroup during the 4th quarter worth about $28,000. MorganRosel Wealth Management LLC bought a new position in Citigroup during the 1st quarter worth about $28,000. American National Bank & Trust bought a new position in Citigroup during the 1st quarter worth about $29,000. Accent Capital Management LLC grew its holdings in Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares in the last quarter. Finally, Truvestments Capital LLC grew its holdings in Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

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.