Citigroup - C Stock Forecast, Price & News

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, Citi-branded cards, and Citi retail services. It also provides various banking, credit card, lending, and investment services through a network of local branches, offices, and electronic delivery systems. The ICG segment offers wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative, equity and fixed income research, corporate lending, investment banking and advisory, private banking, cash management, trade finance, and securities services to corporate, institutional, public sector, and high-net-worth clients. As of December 31, 2020, it operated 2,303 branches primarily in the United States, Mexico, and Asia. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York.

Citigroup Stock Up 0.8 %

Shares of C traded up $0.40 on Friday, hitting $51.66. 13,868,788 shares of the stock traded hands, compared to its average volume of 21,280,636. The company has a market capitalization of $102.33 billion, a PE ratio of 6.61, a P/E/G ratio of 0.64 and a beta of 1.60. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.92 and a current ratio of 0.93. The business has a 50 day simple moving average of $49.22 and a 200 day simple moving average of $53.90. Citigroup has a one year low of $43.44 and a one year high of $74.64.

Citigroup (NYSE:C - Get Rating) last announced its quarterly earnings results on Friday, July 15th. The company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.57. The company had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $18.32 billion. Citigroup had a net margin of 20.06% and a return on equity of 10.25%. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.84 earnings per share. As a group, equities analysts forecast that Citigroup will post 7.26 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Monday, August 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Friday, July 29th. Citigroup's dividend payout ratio is currently 26.09%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wells Fargo & Company cut their price target on shares of Citigroup from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Friday, July 1st. Jefferies Financial Group cut their price target on shares of Citigroup from $54.00 to $48.00 in a research report on Monday, July 11th. Credit Suisse Group cut their price target on shares of Citigroup from $58.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, July 18th. Oppenheimer upped their price target on shares of Citigroup from $81.00 to $86.00 and gave the company an "outperform" rating in a research report on Monday, July 18th. Finally, TheStreet lowered shares of Citigroup from a "b-" rating to a "c+" rating in a report on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $62.95.