Citigroup (NYSE:C) Price Target Raised to $93.00 at Truist Financial

Citigroup (NYSE:C - Get Free Report) had its price target lifted by equities research analysts at Truist Financial from $84.00 to $93.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's target price suggests a potential upside of 8.44% from the stock's previous close.

Several other brokerages also recently commented on C. Wall Street Zen downgraded Citigroup from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Cowen started coverage on shares of Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating for the company. Royal Bank Of Canada dropped their price target on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. TD Cowen started coverage on shares of Citigroup in a report on Thursday, May 15th. They set a "hold" rating and a $83.00 price target on the stock. Finally, Oppenheimer reissued an "outperform" rating on shares of Citigroup in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Citigroup presently has an average rating of "Moderate Buy" and an average price target of $86.37.

Citigroup Stock Performance

C traded up $0.19 during trading on Wednesday, hitting $85.76. The stock had a trading volume of 9,925,200 shares, compared to its average volume of 14,653,179. 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 company has a 50 day moving average price of $77.35 and a 200-day moving average price of $74.45. Citigroup has a one year low of $53.51 and a one year high of $88.83. The firm has a market cap of $160.18 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 0.66 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The firm had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. As a group, research analysts predict that Citigroup will post 7.53 EPS for the current year.

Insider Activity

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction on 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 sale, the director owned 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Citigroup

A number of institutional investors and hedge funds have recently made changes to their positions in the business. True Wealth Design LLC raised its holdings in Citigroup by 11.1% in the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after purchasing an additional 119 shares in the last quarter. Continuum Advisory LLC grew its holdings in Citigroup by 1.9% in the fourth 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 last quarter. RDA Financial Network increased its position in shares of Citigroup by 3.4% during the second quarter. RDA Financial Network now owns 3,940 shares of the company's stock worth $335,000 after purchasing an additional 130 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of Citigroup by 2.4% during the fourth quarter. Rakuten Securities Inc. now owns 5,953 shares of the company's stock worth $419,000 after purchasing an additional 139 shares in the last quarter. Finally, Solitude Financial Services grew its stake in Citigroup by 0.9% during the 1st quarter. Solitude Financial Services now owns 16,496 shares of the company's stock worth $1,171,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

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.