Citigroup Inc. (NYSE:C) Receives $96.46 Average Target Price from Brokerages

Shares of Citigroup Inc. (NYSE:C) have earned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $96.54.

A number of research firms have commented on C. Royal Bank Of Canada decreased their price target on Citigroup from $85.00 to $78.00 and set an “outperform” rating for the company in a research note on Wednesday, April 16th. Evercore ISI set a $77.00 price target on Citigroup in a research note on Monday, July 7th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Citigroup in a research note on Wednesday, July 16th. The Goldman Sachs Group increased their price target on Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, Oppenheimer raised their target price on Citigroup from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Wednesday.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the transaction, the director owned 2,140 shares in the company, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On Citigroup

A number of institutional investors have recently modified their holdings of the stock. Brighton Jones LLC grew its position in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the period. American Century Companies Inc. grew its position in shares of Citigroup by 3.4% during the 4th quarter. American Century Companies Inc. now owns 352,948 shares of the company’s stock valued at $24,844,000 after acquiring an additional 11,674 shares during the period. WINTON GROUP Ltd grew its position in shares of Citigroup by 20.3% during the 4th quarter. WINTON GROUP Ltd now owns 8,266 shares of the company’s stock valued at $582,000 after acquiring an additional 1,395 shares during the period. Intrust Bank NA grew its position in shares of Citigroup by 8.8% during the 4th quarter. Intrust Bank NA now owns 14,514 shares of the company’s stock valued at $1,022,000 after acquiring an additional 1,176 shares during the period. Finally, L & S Advisors Inc acquired a new stake in shares of Citigroup during the 4th quarter valued at about $6,312,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 1.5%

Citigroup stock opened at $95.89 on Monday. Citigroup has a 1-year low of $53.51 and a 1-year high of $96.90. The business has a fifty day moving average price of $83.58 and a 200-day moving average price of $76.72. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.98. The stock has a market capitalization of $179.10 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.81 and a beta of 1.34.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating 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 company had revenue of $21.67 billion during the quarter, compared to analysts’ expectations of $20.75 billion. During the same period last year, the business posted $1.52 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. Equities research analysts forecast that Citigroup will post 7.53 EPS for the current fiscal year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.50%. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. Citigroup’s dividend payout ratio (DPR) is presently 33.09%.

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.