Citigroup Inc. (NYSE:C) Receives $84.04 Consensus Target Price from Analysts

Citigroup Inc. (NYSE:C - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $83.97.

Several research analysts have issued reports on C shares. TD Cowen initiated coverage on shares of Citigroup in a report on Thursday. They set a "hold" rating and a $83.00 price target for the company. Truist Financial reduced their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Bank of America cut their price objective on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. The Goldman Sachs Group cut their price objective on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. lowered their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd.

Insider Transactions at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director now owns 13,048 shares of the company's stock, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by insiders.

Institutional Trading of Citigroup

Hedge funds and other institutional investors have recently bought and sold shares of the company. Core Alternative Capital raised its holdings in shares of Citigroup by 83.4% during the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after acquiring an additional 171 shares in the last quarter. Orion Capital Management LLC purchased a new stake in shares of Citigroup in the fourth quarter worth $28,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Citigroup during the first quarter valued at $28,000. Accent Capital Management LLC boosted its position in shares of Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after buying an additional 212 shares during the last quarter. Finally, American National Bank & Trust purchased a new stake in shares of Citigroup during the first quarter valued at $29,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

Shares of C stock traded down $0.30 on Wednesday, hitting $75.66. The company's stock had a trading volume of 13,995,671 shares, compared to its average volume of 14,498,126. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The stock's 50 day moving average is $68.12 and its 200-day moving average is $71.87. Citigroup has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The company has a market capitalization of $141.31 billion, a PE ratio of 12.72, a PEG ratio of 0.64 and a beta of 1.30.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. Equities research analysts expect that Citigroup will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's payout ratio is presently 35.39%.

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.