Barclays Boosts Citigroup (NYSE:C) Price Target to $70.00

Citigroup (NYSE:C) had its price objective upped by Barclays from $63.00 to $70.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts also recently issued reports on the company. BMO Capital Markets boosted their price objective on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. The Goldman Sachs Group cut their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Piper Sandler boosted their price objective on Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Argus boosted their price objective on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Bank of America boosted their price objective on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.06.

Citigroup Trading Down 1.8 %

Citigroup stock opened at $62.85 on Wednesday. The business has a 50-day simple moving average of $61.35 and a two-hundred day simple moving average of $61.92. The company has a market cap of $119.87 billion, a P/E ratio of 17.60, a P/E/G ratio of 0.74 and a beta of 1.44. Citigroup has a 52-week low of $38.17 and a 52-week high of $67.81. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 EPS. Analysts predict that Citigroup will post 5.76 EPS for the current year.

Institutional Trading of Citigroup

Several hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Citigroup by 15.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,137,232 shares of the company’s stock worth $133,791,000 after acquiring an additional 284,814 shares in the last quarter. Vest Financial LLC purchased a new stake in shares of Citigroup during the 3rd quarter worth approximately $489,000. Buckley Wealth Management LLC raised its holdings in shares of Citigroup by 539.3% during the 3rd quarter. Buckley Wealth Management LLC now owns 22,067 shares of the company’s stock worth $1,381,000 after acquiring an additional 18,615 shares in the last quarter. OLD National Bancorp IN raised its holdings in shares of Citigroup by 8.8% during the 3rd quarter. OLD National Bancorp IN now owns 359,466 shares of the company’s stock worth $22,503,000 after acquiring an additional 28,931 shares in the last quarter. Finally, DMC Group LLC raised its holdings in Citigroup by 2.0% during the 3rd quarter. DMC Group LLC now owns 15,161 shares of the company’s stock valued at $949,000 after buying an additional 301 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Company Profile

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.