Recent Research Analysts’ Ratings Updates for Citigroup (C)

Citigroup (NYSE: C) has recently received a number of price target changes and ratings updates:

• 4/5/2024 – Citigroup had its price target raised by analysts at Keefe, Bruyette & Woods from $54.00 to $66.00. They now have a “market perform” rating on the stock.
• 4/4/2024 – Citigroup had its price target raised by analysts at Evercore ISI from $58.00 to $60.00. They now have an “in-line” rating on the stock.
• 4/1/2024 – Citigroup had its “overweight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $80.00 price target on the stock.
• 4/1/2024 – Citigroup had its “buy” rating reaffirmed by analysts at The Goldman Sachs Group, Inc..
• 3/28/2024 – Citigroup had its price target raised by analysts at HSBC Holdings plc from $61.00 to $70.00. They now have a “buy” rating on the stock.
• 3/25/2024 – Citigroup had its price target raised by analysts at Wells Fargo & Company from $70.00 to $80.00. They now have an “overweight” rating on the stock.
• 3/19/2024 – Citigroup had its price target lowered by analysts at Oppenheimer Holdings Inc. from $95.00 to $88.00. They now have an “outperform” rating on the stock.
• 3/19/2024 – Citigroup was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/14/2024 – Citigroup was upgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “buy” rating. They now have a $68.00 price target on the stock, up previously from $55.00.
• 3/11/2024 – Citigroup was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 2/14/2024 – Citigroup was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $63.00 price target on the stock, up previously from $56.00.

Citigroup Stock Performance

Shares of NYSE:C opened at $61.60 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $117.98 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 0.95 and a beta of 1.52. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90. The firm’s 50-day moving average is $57.41 and its 200 day moving average is $49.99.

Citigroup (NYSE:C) last released its earnings results on Friday, January 12th. The company reported ($1.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). The business had revenue of $17.44 billion during the quarter, compared to analysts’ expectations of $18.71 billion. Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 EPS. Research analysts predict that Citigroup Inc. will post 5.79 EPS for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.44%. Citigroup’s payout ratio is currently 53.13%.

Hedge Funds Weigh In On Citigroup

Several hedge funds and other institutional investors have recently bought and sold shares of C. Carmel Capital Partners LLC acquired a new stake in shares of Citigroup during the 3rd quarter worth approximately $25,000. Orion Capital Management LLC acquired a new position in shares of Citigroup during the 4th quarter worth about $26,000. GHP Investment Advisors Inc. increased its position in shares of Citigroup by 73.8% during the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after purchasing an additional 290 shares in the last quarter. SkyView Investment Advisors LLC acquired a new position in Citigroup during the first quarter worth about $28,000. Finally, AlphaMark Advisors LLC grew its stake in Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

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.