Barclays Issues Positive Forecast for Citigroup (NYSE:C) Stock Price

Citigroup (NYSE:C - Get Free Report) had its price target hoisted by investment analysts at Barclays from $95.00 to $100.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective indicates a potential upside of 7.02% from the company's previous close.

A number of other brokerages have also recently commented on C. Wall Street Zen cut Citigroup from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Cowen initiated coverage on Citigroup in a research report on Wednesday, May 14th. They issued a "hold" rating for the company. Truist Financial upped their price target on Citigroup from $84.00 to $93.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Evercore ISI set a $77.00 price target on Citigroup in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. cut their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.46.

Citigroup Stock Performance

Citigroup stock traded up $0.35 during mid-day trading on Wednesday, reaching $93.44. 16,590,582 shares of the stock traded hands, compared to its average volume of 14,675,328. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.98. The business's 50-day moving average is $80.43 and its 200-day moving average is $75.45. The stock has a market capitalization of $174.52 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.68 and a beta of 1.34. Citigroup has a 12-month low of $53.51 and a 12-month high of $93.80.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. The business had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.52 earnings per share. As a group, sell-side analysts predict that Citigroup will post 7.53 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares of the company's stock, valued at approximately $193,456. This represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director directly owned 13,048 shares of the company's stock, valued at approximately $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Citigroup

Several institutional investors have recently modified their holdings of the stock. Secure Asset Management LLC lifted its stake in shares of Citigroup by 3.7% in the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company's stock valued at $280,000 after purchasing an additional 118 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of Citigroup by 11.1% in the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock valued at $84,000 after purchasing an additional 119 shares during the last quarter. Continuum Advisory LLC lifted its stake in shares of Citigroup by 1.9% in the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after purchasing an additional 120 shares during the last quarter. Golden State Equity Partners lifted its stake in shares of Citigroup by 0.6% in the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company's stock valued at $1,842,000 after purchasing an additional 122 shares during the last quarter. Finally, Wedmont Private Capital lifted its stake in shares of Citigroup by 0.5% in the 2nd quarter. Wedmont Private Capital now owns 23,706 shares of the company's stock valued at $2,034,000 after purchasing an additional 129 shares during the last quarter. 71.72% of the stock is 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.