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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group raised their price target on shares of Citigroup from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Monday, July 18th. Royal Bank of Canada cut their price objective on Citigroup from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Monday, June 27th. Evercore ISI set a $54.00 target price on Citigroup in a report on Tuesday, July 19th. Morgan Stanley cut their price target on shares of Citigroup from $57.00 to $46.00 and set an "underweight" rating on the stock in a report on Tuesday, July 12th. Finally, Barclays decreased their price objective on shares of Citigroup from $67.00 to $64.00 and set an "equal weight" rating for the company in a report on Monday, July 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $62.95.

Citigroup Stock Performance

Shares of C traded up $0.19 during mid-day trading on Monday, hitting $51.85. 221,832 shares of the company traded hands, compared to its average volume of 25,345,500. Citigroup has a 1 year low of $43.44 and a 1 year high of $74.64. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a 50-day moving average price of $49.22 and a two-hundred day moving average price of $53.82. The stock has a market cap of $102.71 billion, a price-to-earnings ratio of 6.64, a P/E/G ratio of 0.64 and a beta of 1.61.

Citigroup (NYSE:C - Get Rating) last posted its quarterly earnings data on Friday, July 15th. The company reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.57. The company had revenue of $19.64 billion during the quarter, compared to analysts' expectations of $18.32 billion. Citigroup had a return on equity of 10.25% and a net margin of 20.06%. Citigroup's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.84 earnings per share. Equities analysts anticipate that Citigroup will post 7.26 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Monday, August 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Friday, July 29th. Citigroup's payout ratio is 26.09%.