Analysts Set Citigroup Inc. (NYSE:C) PT at $107.63

Shares of Citigroup Inc. (NYSE:C) have earned a consensus rating of “Moderate Buy” from the eighteen analysts that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $107.6333.

Several equities research analysts recently weighed in on the company. TD Cowen upped their price target on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. The Goldman Sachs Group reissued a “buy” rating and set a $118.00 price target on shares of Citigroup in a research report on Tuesday, October 14th. Morgan Stanley upped their price objective on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Friday, July 18th.

Hedge Funds Weigh In On Citigroup

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after buying an additional 12,499 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Citigroup by 0.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,218,782 shares of the company’s stock worth $228,501,000 after acquiring an additional 8,332 shares during the last quarter. Capital Advisors Inc. OK lifted its position in Citigroup by 8.4% in the 1st quarter. Capital Advisors Inc. OK now owns 4,086 shares of the company’s stock valued at $290,000 after acquiring an additional 315 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in Citigroup by 4.8% during the 1st quarter. TD Private Client Wealth LLC now owns 40,743 shares of the company’s stock valued at $2,892,000 after purchasing an additional 1,868 shares during the last quarter. Finally, Callan Capital LLC boosted its holdings in shares of Citigroup by 8.0% during the 1st quarter. Callan Capital LLC now owns 6,747 shares of the company’s stock valued at $479,000 after acquiring an additional 502 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

Shares of C opened at $100.74 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup has a one year low of $55.51 and a one year high of $105.59. The company has a 50-day simple moving average of $99.12 and a two-hundred day simple moving average of $89.00. The firm has a market capitalization of $185.45 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. The firm had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.51 EPS. Citigroup has set its FY 2025 guidance at EPS. On average, analysts anticipate that Citigroup will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is 33.71%.

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.