Oppenheimer Cuts Citigroup (NYSE:C) Price Target to $120.00

Citigroup (NYSE:C) had its price objective lowered by Oppenheimer from $123.00 to $120.00 in a research report released on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

C has been the subject of a number of other reports. Keefe, Bruyette & Woods upped their price target on Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Barclays upped their target price on shares of Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Truist Financial lifted their price target on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. TD Cowen upped their price objective on shares of Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Finally, Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.43.

Citigroup Stock Performance

Shares of Citigroup stock opened at $98.68 on Wednesday. The firm has a fifty day moving average of $99.74 and a two-hundred day moving average of $90.87. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $176.56 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 0.83 and a beta of 1.37. Citigroup has a 52 week low of $55.51 and a 52 week high of $105.59.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same period in the previous year, the firm earned $1.51 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Citigroup will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s payout ratio is 33.71%.

Institutional Investors Weigh In On Citigroup

Several institutional investors have recently bought and sold shares of C. Wolff Wiese Magana LLC grew its position in Citigroup by 87.6% in the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after purchasing an additional 120 shares in the last quarter. Accent Capital Management LLC grew its holdings in Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after buying an additional 212 shares in the last quarter. Truvestments Capital LLC grew its holdings in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after buying an additional 246 shares in the last quarter. Dunhill Financial LLC increased its position in Citigroup by 92.2% during the 3rd quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock worth $32,000 after buying an additional 153 shares during the period. Finally, Guerra Advisors Inc acquired a new stake in shares of Citigroup during the third quarter worth $33,000. 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.