Citigroup Inc. (NYSE:C) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Citigroup Inc. has received a consensus rating of "Moderate Buy" from eighteen analysts, with an average 12-month price target of $99.68.
• The company recently reported $1.96 earnings per share, surpassing estimates and indicating 8.2% revenue growth compared to the previous year.
• Citigroup declared a quarterly dividend of $0.60 per share, increasing from the prior dividend of $0.56, representing an annual yield of 2.6%.

Shares of Citigroup Inc. (NYSE:C - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eighteen analysts that are covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $99.6786.

C has been the subject of a number of recent analyst reports. Dbs Bank downgraded shares of Citigroup from a "moderate buy" rating to a "hold" rating in a report on Monday, September 22nd. The Goldman Sachs Group boosted their target price on shares of Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Barclays boosted their target price on shares of Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Bank of America boosted their target price on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Finally, TD Cowen lifted their price target on shares of Citigroup from $85.00 to $95.00 and gave the company a "hold" rating in a research report on Wednesday, July 16th.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, 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 filing with the SEC, which is accessible through this hyperlink. 0.08% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Onyx Bridge Wealth Group LLC lifted its position in shares of 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 purchasing an additional 109 shares in the last quarter. Fullcircle Wealth LLC lifted its position in shares of Citigroup by 0.9% during the second quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company's stock worth $1,206,000 after purchasing an additional 111 shares in the last quarter. Binnacle Investments Inc lifted its position in shares of Citigroup by 6.5% during the second quarter. Binnacle Investments Inc now owns 1,847 shares of the company's stock worth $157,000 after purchasing an additional 113 shares in the last quarter. Secure Asset Management LLC lifted its position in shares of Citigroup by 3.7% during the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company's stock worth $280,000 after purchasing an additional 118 shares in the last quarter. Finally, Cape Investment Advisory Inc. lifted its position in shares of Citigroup by 10.7% during the second quarter. Cape Investment Advisory Inc. now owns 1,243 shares of the company's stock worth $106,000 after purchasing an additional 120 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Price Performance

Citigroup stock opened at $93.87 on Friday. Citigroup has a 1 year low of $55.51 and a 1 year high of $105.59. The firm has a 50 day moving average price of $97.00 and a 200 day moving average price of $83.71. The company has a market cap of $172.81 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.84 and a beta of 1.37. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99.

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

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. This is a positive change from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, August 4th. Citigroup's dividend payout ratio is presently 35.45%.

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.

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