Weekly Analysts’ Ratings Updates for Citigroup (C)

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

• 4/15/2024 – Citigroup had its price target raised by analysts at Piper Sandler from $67.00 to $70.00. They now have an “overweight” rating on the stock.
• 4/15/2024 – Citigroup had its price target lowered by analysts at Oppenheimer Holdings Inc. from $88.00 to $87.00. They now have an “outperform” rating on the stock.
• 4/8/2024 – Citigroup had its price target raised by analysts at Jefferies Financial Group Inc. from $56.00 to $65.00. They now have a “hold” rating on the stock.
• 4/5/2024 – Citigroup had its price target raised by analysts at Keefe, Bruyette & Woods from $54.00 to $66.00. They now have a “market perform” rating on the stock.
• 4/4/2024 – Citigroup had its price target raised by analysts at Evercore ISI from $58.00 to $60.00. They now have an “in-line” rating on the stock.
• 4/1/2024 – Citigroup had its “overweight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $80.00 price target on the stock.
• 4/1/2024 – Citigroup had its “buy” rating reaffirmed by analysts at The Goldman Sachs Group, Inc..
• 3/28/2024 – Citigroup had its price target raised by analysts at HSBC Holdings plc from $61.00 to $70.00. They now have a “buy” rating on the stock.
• 3/25/2024 – Citigroup had its price target raised by analysts at Wells Fargo & Company from $70.00 to $80.00. They now have an “overweight” rating on the stock.
• 3/19/2024 – Citigroup had its price target lowered by analysts at Oppenheimer Holdings Inc. from $95.00 to $88.00. They now have an “outperform” rating on the stock.
• 3/19/2024 – Citigroup was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/14/2024 – Citigroup was upgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “buy” rating. They now have a $68.00 price target on the stock, up previously from $55.00.
• 3/11/2024 – Citigroup was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Citigroup Price Performance

Shares of C stock traded up $0.98 on Friday, reaching $62.77. The company’s stock had a trading volume of 11,960,422 shares, compared to its average volume of 16,973,527. The company has a market capitalization of $120.22 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52. The stock’s fifty day simple moving average is $58.94 and its 200-day simple moving average is $51.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90.

Citigroup (NYSE:C) last issued its quarterly earnings data 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. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.86 earnings per share. Analysts forecast that Citigroup Inc. will post 5.97 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

Institutional Trading of Citigroup

A number of hedge funds have recently added to or reduced their stakes in the business. Mesirow Financial Investment Management Inc. purchased a new position in shares of Citigroup in the 1st quarter valued at $1,311,000. MONECO Advisors LLC raised its holdings in Citigroup by 19.3% in the first quarter. MONECO Advisors LLC now owns 5,385 shares of the company’s stock worth $341,000 after purchasing an additional 872 shares in the last quarter. LifePro Asset Management purchased a new stake in shares of Citigroup during the first quarter valued at about $369,000. TI Trust Inc. purchased a new position in shares of Citigroup in the 1st quarter worth approximately $278,000. Finally, Checchi Capital Advisers LLC raised its stake in shares of Citigroup by 6.6% during the 1st quarter. Checchi Capital Advisers LLC now owns 14,646 shares of the company’s stock worth $926,000 after acquiring an additional 905 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

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.