Citigroup (NYSE:C) PT Raised to $72.00

Citigroup (NYSE:C) had its target price upped by research analysts at Argus from $70.00 to $72.00 in a research note issued on Monday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Argus’ target price indicates a potential upside of 7.03% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley raised their price objective on shares of Citigroup from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday. Evercore ISI lifted their price target on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 3rd. Piper Sandler lifted their price target on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Monday. Royal Bank of Canada lifted their target price on shares of Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, June 17th. Finally, Oppenheimer lifted their target price on shares of Citigroup from $85.00 to $86.00 and gave the company an “outperform” rating in a report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $66.27.

Citigroup Stock Up 3.3 %

NYSE:C opened at $67.27 on Monday. The company has a market cap of $128.31 billion, a PE ratio of 18.84, a P/E/G ratio of 0.91 and a beta of 1.46. Citigroup has a twelve month low of $38.17 and a twelve month high of $67.52. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The company’s 50 day moving average is $62.84 and its two-hundred day moving average is $59.21.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. The firm had revenue of $20.14 billion for the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.27%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 earnings per share. Analysts anticipate that Citigroup will post 5.86 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Beacon Capital Management LLC increased its stake in Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares in the last quarter. Orion Capital Management LLC acquired a new stake in shares of Citigroup during the 4th quarter valued at about $26,000. Frazier Financial Advisors LLC acquired a new stake in shares of Citigroup during the 4th quarter valued at about $29,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of Citigroup by 48.6% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 581 shares of the company’s stock valued at $37,000 after buying an additional 190 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC lifted its holdings in shares of Citigroup by 1,962.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock valued at $31,000 after buying an additional 569 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

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.