Brokerages Set Citigroup Inc. (NYSE:C) PT at $73.00

Citigroup Inc. (NYSE:C) has received an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $73.00.

A number of equities analysts have recently issued reports on C shares. Oppenheimer upped their target price on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Bank of America upped their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays lifted their target price on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group decreased their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, Morgan Stanley dropped their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th.

Citigroup Trading Up 1.3 %

C stock opened at $69.84 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $132.09 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 0.77 and a beta of 1.44. The business has a fifty day moving average price of $64.32 and a 200 day moving average price of $62.85. Citigroup has a fifty-two week low of $44.56 and a fifty-two week high of $70.20.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the previous year, the business posted $1.52 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts expect that Citigroup will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is 64.93%.

Institutional Investors Weigh In On Citigroup

Large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Citigroup by 123.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock valued at $2,005,749,000 after purchasing an additional 17,525,484 shares during the last quarter. Swedbank AB acquired a new stake in Citigroup in the 1st quarter valued at $253,286,000. Acadian Asset Management LLC lifted its position in Citigroup by 527.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock worth $158,521,000 after buying an additional 2,100,135 shares in the last quarter. Caxton Associates LP boosted its stake in shares of Citigroup by 7,393.3% during the 1st quarter. Caxton Associates LP now owns 2,015,390 shares of the company’s stock worth $127,453,000 after buying an additional 1,988,494 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Citigroup by 70.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,531,827 shares of the company’s stock valued at $283,692,000 after acquiring an additional 1,865,628 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.