Citigroup (NYSE:C) Price Target Raised to $103.00

Citigroup (NYSE:C) had its target price boosted by Morgan Stanley from $94.00 to $103.00 in a research note published on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also weighed in on C. Truist Financial cut their target price on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Cowen began coverage on shares of Citigroup in a research report on Wednesday, May 14th. They set a “hold” rating for the company. JPMorgan Chase & Co. cut their target price on shares of Citigroup from $85.50 to $75.50 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Wall Street Zen lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $77.00 target price (down previously from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.43.

Citigroup Trading Up 2.2%

Shares of NYSE:C opened at $88.67 on Thursday. The firm has a fifty day moving average of $76.63 and a two-hundred day moving average of $74.20. The firm has a market capitalization of $165.61 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 0.69 and a beta of 1.34. Citigroup has a 12-month low of $53.51 and a 12-month high of $88.80. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. On average, equities analysts expect that Citigroup will post 7.53 EPS for the current fiscal year.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the 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 completion of the sale, the director directly owned 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Citigroup

Several large investors have recently modified their holdings of C. Arvest Investments Inc. acquired a new stake in Citigroup in the second quarter worth $474,000. TrueWealth Advisors LLC grew its holdings in Citigroup by 8.0% in the second quarter. TrueWealth Advisors LLC now owns 7,007 shares of the company’s stock worth $596,000 after purchasing an additional 520 shares during the period. McLean Asset Management Corp acquired a new stake in Citigroup in the second quarter worth $245,000. HBW Advisory Services LLC grew its holdings in Citigroup by 1.2% in the second quarter. HBW Advisory Services LLC now owns 46,298 shares of the company’s stock worth $3,941,000 after purchasing an additional 539 shares during the period. Finally, Waller Financial Planning Group Inc. acquired a new stake in Citigroup in the second quarter worth $206,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

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.