Oppenheimer Trims Citigroup (NYSE:C) Target Price to $91.00

Citigroup (NYSE:C) had its price target trimmed by Oppenheimer from $92.00 to $91.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on C. Keefe, Bruyette & Woods raised their price target on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research note on Thursday, June 20th. Argus raised their price target on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Morgan Stanley raised their price target on shares of Citigroup from $79.00 to $86.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. BMO Capital Markets raised their price target on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Finally, The Goldman Sachs Group dropped their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.06.

Citigroup Stock Down 1.8 %

NYSE C opened at $62.85 on Wednesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a 50-day simple moving average of $61.35 and a 200 day simple moving average of $61.92. Citigroup has a twelve month low of $38.17 and a twelve month high of $67.81. The stock has a market cap of $119.87 billion, a PE ratio of 17.60, a PEG ratio of 0.74 and a beta of 1.44.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter last year, the company earned $1.52 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. On average, research analysts forecast that Citigroup will post 5.76 EPS for the current year.

Institutional Trading of Citigroup

Hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Citigroup by 123.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock worth $2,005,749,000 after purchasing an additional 17,525,484 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Citigroup by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company’s stock valued at $1,904,262,000 after acquiring an additional 250,716 shares in the last quarter. Legal & General Group Plc lifted its position in Citigroup by 5.5% in the 2nd quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock valued at $1,105,999,000 after acquiring an additional 913,231 shares in the last quarter. Greenhaven Associates Inc. lifted its position in Citigroup by 1.5% in the 3rd quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company’s stock valued at $1,056,900,000 after acquiring an additional 242,545 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Citigroup by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,300,447 shares of the company’s stock valued at $590,106,000 after acquiring an additional 168,070 shares in the last quarter. 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.