Citigroup (NYSE:C) Stock Rating Upgraded by Barclays

Citigroup (NYSE:C) was upgraded by equities research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday, MarketBeat reports. The brokerage currently has a $95.00 price objective on the stock, up from their previous price objective of $70.00. Barclays‘s target price suggests a potential upside of 29.02% from the stock’s current price.

A number of other research firms have also recently issued reports on C. Piper Sandler raised their price target on shares of Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their price target on Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Oppenheimer dropped their price target on Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Evercore ISI raised their price objective on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company upped their target price on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.13.

Citigroup Stock Performance

NYSE C opened at $73.63 on Monday. The business’s 50 day moving average price is $69.68 and its 200-day moving average price is $64.84. Citigroup has a fifty-two week low of $50.51 and a fifty-two week high of $74.29. The company has a market cap of $139.25 billion, a P/E ratio of 21.34, a P/E/G ratio of 0.80 and a beta of 1.43. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last posted its quarterly 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. The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Sell-side analysts predict that Citigroup will post 5.86 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Inspire Trust Co. N.A. increased its stake in Citigroup by 34.8% during the third quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company’s stock worth $4,852,000 after acquiring an additional 20,000 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Citigroup by 2.4% during the 3rd quarter. HighTower Advisors LLC now owns 354,294 shares of the company’s stock worth $22,236,000 after purchasing an additional 8,301 shares during the period. KBC Group NV increased its position in shares of Citigroup by 1.8% during the 3rd quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock worth $71,270,000 after purchasing an additional 20,291 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Citigroup by 4.9% in the third quarter. Crossmark Global Holdings Inc. now owns 394,738 shares of the company’s stock valued at $24,710,000 after buying an additional 18,278 shares during the last quarter. Finally, TCW Group Inc. boosted its stake in Citigroup by 8.6% during the third quarter. TCW Group Inc. now owns 338,816 shares of the company’s stock worth $21,210,000 after buying an additional 26,882 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

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.