Citigroup (NYSE:C) Given Neutral Rating at UBS Group

UBS Group reissued their neutral rating on shares of Citigroup (NYSE:C - Free Report) in a report released on Tuesday, MarketBeat.com reports. UBS Group currently has a $89.00 price target on the stock.

Several other equities analysts also recently weighed in on the company. Truist Financial raised their price objective on Citigroup from $84.00 to $93.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. TD Cowen assumed coverage on Citigroup in a report on Thursday, May 15th. They set a "hold" rating and a $83.00 target price on the stock. The Goldman Sachs Group increased their target price on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Bank of America increased their target price on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Finally, Evercore ISI set a $77.00 target price on Citigroup in a report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and an average target price of $96.46.

Citigroup Trading Up 0.4%

Citigroup stock traded up $0.35 during trading on Tuesday, reaching $93.44. 16,590,582 shares of the company were exchanged, compared to its average volume of 14,675,319. Citigroup has a 52-week low of $53.51 and a 52-week high of $93.79. The company has a market capitalization of $174.52 billion, a P/E ratio of 13.80, a PEG ratio of 0.68 and a beta of 1.34. 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 stock's 50 day simple moving average is $80.43 and its two-hundred day simple moving average is $75.45.

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

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 4th will be issued a dividend of $0.60 per share. This is an increase from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date is Monday, August 4th. This represents a $2.40 annualized dividend and a yield of 2.57%. Citigroup's dividend payout ratio is presently 33.09%.

Insider Buying and Selling at Citigroup

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

Institutional Investors Weigh In On Citigroup

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Citigroup during the fourth quarter worth approximately $1,935,599,000. Capital World Investors raised its position in shares of Citigroup by 455.2% in the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company's stock worth $2,206,908,000 after purchasing an additional 25,705,141 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Citigroup by 179.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company's stock worth $1,031,790,000 after buying an additional 9,334,038 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Citigroup during the 1st quarter valued at about $578,100,000. Finally, FMR LLC grew its position in shares of Citigroup by 29.7% during the 4th quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after acquiring an additional 7,863,718 shares during the period. 71.72% of the stock is owned by hedge funds and other 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.