The Goldman Sachs Group Forecasts Strong Price Appreciation for Citigroup (NYSE:C) Stock

Citigroup (NYSE:C - Get Free Report) had its price target increased by The Goldman Sachs Group from $85.00 to $96.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. The Goldman Sachs Group's price objective would suggest a potential upside of 10.74% from the company's current price.

Other research analysts have also recently issued research reports about the stock. 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 report on Thursday, April 3rd. Cowen began coverage on Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating on the stock. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. Evercore ISI boosted their price objective on Citigroup from $76.00 to $77.00 and gave the stock an "in-line" rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price objective (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.83.

Citigroup Stock Performance

Shares of NYSE:C traded up $0.42 during midday trading on Wednesday, reaching $86.69. 13,414,595 shares of the company traded hands, compared to its average volume of 14,602,397. The firm's fifty day moving average price is $75.81 and its two-hundred day moving average price is $73.92. The firm has a market capitalization of $161.91 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.67 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. Citigroup has a 12 month low of $53.51 and a 12 month high of $86.93.

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

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were 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 in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Citigroup

Large investors have recently made changes to their positions in the business. Orion Capital Management LLC purchased a new stake in Citigroup in the fourth quarter worth about $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Citigroup in the 1st quarter worth approximately $28,000. American National Bank & Trust purchased a new position in shares of Citigroup in the 1st quarter valued at approximately $29,000. 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 purchasing an additional 212 shares in the last quarter. Finally, Truvestments Capital LLC boosted its position in shares of Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company's stock valued at $31,000 after purchasing an additional 246 shares in the last quarter. 71.72% of the stock is currently owned by 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.