Citigroup (C) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Citigroup (NYSE: C) recently:

• 12/6/2024 – Citigroup had its price target raised by analysts at The Goldman Sachs Group, Inc. from $72.00 to $81.00. They now have a “buy” rating on the stock.
• 12/3/2024 – Citigroup had its price target raised by analysts at Piper Sandler from $73.00 to $80.00. They now have an “overweight” rating on the stock.
• 12/3/2024 – Citigroup was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $82.00 price target on the stock, up previously from $70.00.
• 12/2/2024 – Citigroup had its price target raised by analysts at Bank of America Co. from $78.00 to $90.00. They now have a “buy” rating on the stock.
• 11/15/2024 – Citigroup had its price target raised by analysts at Wells Fargo & Company from $85.00 to $95.00. They now have an “overweight” rating on the stock.
• 11/5/2024 – Citigroup had its price target raised by analysts at Oppenheimer Holdings Inc. from $91.00 to $107.00. They now have an “outperform” rating on the stock.

Citigroup Stock Performance

Citigroup stock traded up $0.30 during midday trading on Thursday, hitting $68.42. 13,368,736 shares of the company’s stock were exchanged, compared to its average volume of 14,346,629. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a 12-month low of $49.87 and a 12-month high of $73.38. The firm’s 50 day simple moving average is $67.69 and its 200 day simple moving average is $63.83. The stock has a market cap of $129.40 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same period in the prior year, the business posted $1.52 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts predict that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in C. POM Investment Strategies LLC purchased a new position in shares of Citigroup during the 2nd quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new position in Citigroup during the third quarter worth approximately $31,000. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup in the 3rd quarter valued at $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Citigroup during the 2nd quarter valued at $31,000. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Citigroup by 184.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after buying an additional 368 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

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.