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

Key Points

• Citigroup Inc. has received a consensus rating of "Moderate Buy" from fifteen ratings firms, with an average one-year price target of approximately $96.96.
• In a recent transaction, Director Peter B. Henry sold 3,000 shares of Citigroup at an average price of $90.40, significantly reducing his stake in the company.
• The company recently declared a quarterly dividend increase to $0.60, representing a 2.4% dividend yield, up from the previous $0.56.

Shares of Citigroup Inc. (NYSE:C - Get Free Report) have received an average rating of "Moderate Buy" from the fifteen ratings firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $96.9643.

Several analysts have commented on C shares. Evercore ISI set a $77.00 price objective on Citigroup in a report on Monday, July 7th. Truist Financial raised their price objective on Citigroup from $99.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Barclays raised their price objective on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, Wells Fargo & Company raised their price objective on Citigroup from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th.

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the sale, the director directly owned 2,140 shares of the company's stock, valued at $193,456. The trade was a 58.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.08% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Citigroup

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Onyx Bridge Wealth Group LLC boosted its stake in Citigroup by 3.6% during the second quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company's stock worth $265,000 after buying an additional 109 shares during the last quarter. Fullcircle Wealth LLC lifted its stake in Citigroup by 0.9% during the 2nd quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company's stock worth $1,206,000 after acquiring an additional 111 shares in the last quarter. Binnacle Investments Inc lifted its stake in Citigroup by 6.5% during the 2nd quarter. Binnacle Investments Inc now owns 1,847 shares of the company's stock worth $157,000 after acquiring an additional 113 shares in the last quarter. Secure Asset Management LLC increased its holdings in Citigroup by 3.7% during the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company's stock worth $280,000 after purchasing an additional 118 shares during the period. Finally, Continuum Advisory LLC increased its holdings in Citigroup by 1.9% during the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock worth $459,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Stock Up 0.5%

Shares of C stock opened at $99.89 on Tuesday. The stock has a 50 day moving average of $93.88 and a 200 day moving average of $80.02. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The stock has a market cap of $183.89 billion, a P/E ratio of 14.75, a P/E/G ratio of 0.85 and a beta of 1.41. Citigroup has a twelve month low of $55.51 and a twelve month high of $100.17.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same period last year, the company earned $1.52 earnings per share. Citigroup's quarterly revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Citigroup will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were paid a $0.60 dividend. This is a boost from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup's dividend payout ratio is presently 35.45%.

Citigroup Company Profile

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.

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