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

Citigroup (NYSE:C - Get Free Report) had its target price hoisted by analysts at Truist Financial from $84.00 to $93.00 in a report released on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's target price would indicate a potential upside of 7.18% from the stock's previous close.

C has been the topic of a number of other research reports. Bank of America raised their price objective on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. decreased their price target on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Evercore ISI set a $77.00 price objective on shares of Citigroup in a research note on Monday. Wall Street Zen downgraded shares of Citigroup from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Finally, Royal Bank Of Canada decreased their target price on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $86.37.

Citigroup Price Performance

Shares of C stock traded up $0.98 during trading hours on Wednesday, hitting $86.77. 5,312,010 shares of the company's stock were exchanged, compared to its average volume of 14,616,803. Citigroup has a fifty-two week low of $53.51 and a fifty-two week high of $88.83. The firm has a market cap of $162.06 billion, a P/E ratio of 13.71, a P/E/G ratio of 0.66 and a beta of 1.34. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. The firm has a 50 day moving average of $77.69 and a two-hundred day moving average of $74.52.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping 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 company had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. Sell-side analysts forecast that Citigroup will post 7.53 EPS for the current year.

Insider Buying and Selling

In other news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction 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 transaction, the director owned 13,048 shares of the company's stock, valued at $890,656.48. This represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

Institutional Trading of Citigroup

Several institutional investors and hedge funds have recently bought and sold shares of C. Orion Capital Management LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at $28,000. MorganRosel Wealth Management LLC purchased a new position in Citigroup during the 1st quarter valued at about $28,000. Accent Capital Management LLC grew its position in Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after acquiring an additional 212 shares in the last quarter. American National Bank & Trust purchased a new stake in Citigroup during the first quarter worth about $29,000. Finally, Truvestments Capital LLC increased its stake in Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after purchasing an additional 246 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

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.