Citigroup (NYSE:C) PT Lowered to $86.00

Citigroup (NYSE:C - Get Free Report) had its price target reduced by research analysts at Oppenheimer from $87.00 to $86.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Oppenheimer's price objective indicates a potential upside of 40.23% from the company's previous close.

C has been the topic of several other research reports. Keefe, Bruyette & Woods increased their target price on Citigroup from $54.00 to $66.00 and gave the stock a "market perform" rating in a research note on Friday, April 5th. Piper Sandler upped their price target on Citigroup from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Monday, April 15th. Wolfe Research upgraded Citigroup from a "peer perform" rating to an "outperform" rating and set a $58.00 price target on the stock in a report on Wednesday, January 3rd. Barclays upped their price target on Citigroup from $59.00 to $63.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 2nd. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Citigroup in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $62.85.

Citigroup Trading Down 1.5 %

Shares of Citigroup stock traded down $0.93 during trading hours on Tuesday, hitting $61.33. The company's stock had a trading volume of 11,151,229 shares, compared to its average volume of 16,895,066. Citigroup has a twelve month low of $38.17 and a twelve month high of $63.90. The firm has a fifty day moving average of $59.36 and a 200-day moving average of $52.35. The stock has a market cap of $117.46 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 0.94 and a beta of 1.52. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. During the same quarter in the prior year, the company posted $1.86 EPS. The company's quarterly revenue was down 1.6% on a year-over-year basis. Research analysts forecast that Citigroup will post 5.97 EPS for the current year.

Hedge Funds Weigh In On Citigroup

A number of hedge funds have recently modified their holdings of C. Atlantic Union Bankshares Corp increased its stake in shares of Citigroup by 17.5% in the third quarter. Atlantic Union Bankshares Corp now owns 17,099 shares of the company's stock worth $703,000 after acquiring an additional 2,546 shares during the last quarter. Accurate Wealth Management LLC raised its holdings in Citigroup by 8.9% during the third quarter. Accurate Wealth Management LLC now owns 6,105 shares of the company's stock valued at $252,000 after buying an additional 499 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Citigroup by 13.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,034,678 shares of the company's stock valued at $83,686,000 after buying an additional 245,438 shares in the last quarter. Xponance Inc. raised its holdings in Citigroup by 3.5% during the third quarter. Xponance Inc. now owns 240,550 shares of the company's stock valued at $9,894,000 after buying an additional 8,133 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in Citigroup by 4.5% during the third quarter. Pinnacle Associates Ltd. now owns 291,009 shares of the company's stock valued at $11,969,000 after buying an additional 12,475 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

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.