Citigroup (NYSE:C - Get Free Report) had its target price boosted by research analysts at Evercore ISI from $76.00 to $77.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "in-line" rating on the stock. Evercore ISI's price target would suggest a potential downside of 11.18% from the stock's current price.
Several other equities research analysts have also weighed in on the company. Piper Sandler reissued an "overweight" rating and set a $77.00 price objective (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. The Goldman Sachs Group restated a "buy" rating on shares of Citigroup in a report on Tuesday, June 24th. TD Cowen started coverage on shares of Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 target price for the company. Finally, Truist Financial cut their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.83.
View Our Latest Stock Report on C
Citigroup Price Performance
NYSE:C traded up $0.42 during mid-day trading on Wednesday, reaching $86.69. 13,414,595 shares of the stock were exchanged, compared to its average volume of 14,602,393. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The business has a fifty day moving average price of $75.41 and a 200 day moving average price of $73.83. Citigroup has a 1-year low of $53.51 and a 1-year high of $86.92. The firm has a market capitalization of $161.91 billion, a PE ratio of 13.70, a PEG ratio of 0.67 and a beta of 1.34.
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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $21.34 billion. Research analysts expect that Citigroup will post 7.53 earnings per share for the current fiscal year.
Insider Transactions at Citigroup
In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director directly owned 13,048 shares of the company's stock, valued at $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 SEC, which is available at this hyperlink. 0.08% of the stock is owned by company insiders.
Institutional Investors Weigh In On Citigroup
Institutional investors and hedge funds have recently modified their holdings of the business. Orion Capital Management LLC acquired a new position in Citigroup during the fourth quarter valued at approximately $28,000. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup during the 1st quarter worth $28,000. Accent Capital Management LLC grew its stake 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 buying an additional 212 shares during the last quarter. American National Bank & Trust bought a new position in Citigroup in the 1st quarter worth $29,000. Finally, Truvestments Capital LLC lifted its position in Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after acquiring an additional 246 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.
About Citigroup
(
Get Free Report)
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.
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