Citigroup Inc. (NYSE:C) Given Average Rating of "Moderate Buy" by Brokerages

Citigroup Inc. (NYSE:C - Get Free Report) has been given an average rating of "Moderate Buy" by the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $84.83.

C has been the topic of several analyst reports. Royal Bank Of Canada reduced their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Evercore ISI increased their price target on Citigroup from $76.00 to $77.00 and gave the company an "in-line" rating in a research report on Wednesday. Wall Street Zen cut Citigroup from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 price objective (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Finally, TD Cowen initiated coverage on shares of Citigroup in a research note on Thursday, May 15th. They set a "hold" rating and a $83.00 target price on the stock.

Insider Activity at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction 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 completion of the sale, the director owned 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is owned by company insiders.

Institutional Investors Weigh In On Citigroup

Several institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its position in Citigroup by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company's stock worth $2,917,794,000 after purchasing an additional 2,539,769 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Citigroup by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 40,587,155 shares of the company's stock worth $2,853,484,000 after buying an additional 667,357 shares during the last quarter. FMR LLC boosted its position in shares of Citigroup by 29.7% in the 4th quarter. FMR LLC now owns 34,362,176 shares of the company's stock worth $2,418,754,000 after buying an additional 7,863,718 shares in the last quarter. Franklin Resources Inc. grew its stake in Citigroup by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock valued at $2,311,048,000 after acquiring an additional 2,804,850 shares during the last quarter. Finally, Capital World Investors grew its stake in Citigroup by 455.2% in the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company's stock valued at $2,206,908,000 after acquiring an additional 25,705,141 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Trading Up 0.5%

NYSE C opened at $86.69 on Thursday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $161.91 billion, a P/E ratio of 13.70, a PEG ratio of 0.67 and a beta of 1.34. The firm's 50-day moving average is $75.81 and its two-hundred day moving average is $73.92. Citigroup has a 12 month low of $53.51 and a 12 month high of $86.93.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The company had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. On average, sell-side analysts anticipate that Citigroup will post 7.53 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.