Citigroup (NYSE:C) Price Target Cut to $87.00

Citigroup (NYSE:C - Free Report) had its price target decreased by Oppenheimer from $88.00 to $87.00 in a research note issued to investors on Monday, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other analysts also recently issued reports on the stock. Piper Sandler raised shares of Citigroup from a neutral rating to an overweight rating and raised their price objective for the stock from $56.00 to $63.00 in a research note on Wednesday, February 14th. The Goldman Sachs Group reaffirmed a buy rating on shares of Citigroup in a research report on Monday, April 1st. HSBC boosted their target price on shares of Citigroup from $61.00 to $70.00 and gave the company a buy rating in a research note on Thursday, March 28th. Wolfe Research raised shares of Citigroup from a peer perform rating to an outperform rating and set a $58.00 price objective for the company in a research report on Wednesday, January 3rd. Finally, Wells Fargo & Company reaffirmed an overweight rating and set a $80.00 price target on shares of Citigroup in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $62.91.

Citigroup Price Performance

Shares of C stock traded down $1.12 during trading hours on Monday, hitting $58.56. The stock had a trading volume of 19,232,445 shares, compared to its average volume of 17,266,752. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $112.15 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 0.93 and a beta of 1.52. Citigroup has a one year low of $38.17 and a one year high of $63.90. The stock's 50-day moving average price is $57.91 and its two-hundred day moving average price is $50.69.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the prior year, the firm earned $1.86 earnings per share. Citigroup's revenue was down 1.6% on a year-over-year basis. Equities analysts forecast that Citigroup will post 5.73 EPS for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.62%. Citigroup's payout ratio is 62.72%.

Institutional Investors Weigh In On Citigroup

Institutional investors have recently bought and sold shares of the company. Carmel Capital Partners LLC purchased a new stake in shares of Citigroup in the third quarter valued at about $25,000. Orion Capital Management LLC acquired a new position in Citigroup in the fourth quarter valued at approximately $26,000. GHP Investment Advisors Inc. raised its position in Citigroup by 73.8% in the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company's stock valued at $28,000 after purchasing an additional 290 shares during the period. SkyView Investment Advisors LLC acquired a new stake in shares of Citigroup during the 1st quarter worth about $28,000. Finally, AlphaMark Advisors LLC grew its stake in shares of Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company's stock valued at $29,000 after buying an additional 300 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

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.