Citigroup (NYSE:C) Price Target Lowered to $123.00 at Oppenheimer

Citigroup (NYSE:C) had its price target decreased by research analysts at Oppenheimer from $124.00 to $123.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 19.93% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. Morgan Stanley lifted their price objective on Citigroup from $103.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Wells Fargo & Company upped their price objective on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. The Goldman Sachs Group upped their price objective on Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Barclays upped their price objective on Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Finally, Dbs Bank upgraded Citigroup from a “hold” rating to a “moderate buy” rating in a research note on Thursday, July 17th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.61.

Citigroup Price Performance

C traded down $0.93 during trading on Tuesday, hitting $102.56. The company’s stock had a trading volume of 9,709,985 shares, compared to its average volume of 15,450,333. The firm’s 50 day moving average price is $95.45 and its two-hundred day moving average price is $81.05. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. Citigroup has a 12 month low of $55.51 and a 12 month high of $105.59. The stock has a market capitalization of $188.80 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 0.88 and a beta of 1.41.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Citigroup will post 7.53 earnings per share for the current fiscal year.

Insider Activity

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.08% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC increased its stake in Citigroup by 3.6% in the second quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock valued at $265,000 after acquiring an additional 109 shares during the last quarter. Fullcircle Wealth LLC grew its stake in shares of Citigroup by 0.9% during the second quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock valued at $1,206,000 after buying an additional 111 shares during the last quarter. Binnacle Investments Inc grew its stake in shares of Citigroup by 6.5% during the second quarter. Binnacle Investments Inc now owns 1,847 shares of the company’s stock valued at $157,000 after buying an additional 113 shares during the last quarter. Secure Asset Management LLC grew its stake in shares of Citigroup by 3.7% during the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after buying an additional 118 shares during the last quarter. Finally, Cape Investment Advisory Inc. grew its stake in shares of Citigroup by 10.7% during the second quarter. Cape Investment Advisory Inc. now owns 1,243 shares of the company’s stock valued at $106,000 after buying an additional 120 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

About Citigroup

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.