Citigroup (NYSE:C) had its price objective increased by research analysts at BMO Capital Markets to $93.00 in a note issued to investors on Monday, The Fly reports. The firm currently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 38.02% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group lifted their target price on shares of Citigroup to $64.00 and gave the company a “hold” rating in a research note on Tuesday, January 15th. HSBC set a $76.00 target price on shares of Citigroup and gave the company a “buy” rating in a research note on Thursday, April 4th. Morgan Stanley cut their target price on shares of Citigroup from $81.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, January 8th. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Monday, March 18th. Finally, Standpoint Research cut shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. Citigroup currently has an average rating of “Buy” and a consensus price target of $80.11.
C traded down $0.04 during midday trading on Monday, reaching $67.38. 19,119,855 shares of the company’s stock were exchanged, compared to its average volume of 16,750,717. The stock has a market cap of $173.27 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 0.78 and a beta of 1.67. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.30. Citigroup has a one year low of $48.42 and a one year high of $75.24.
Citigroup (NYSE:C) last posted its earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. Citigroup had a net margin of 18.58% and a return on equity of 9.93%. The company had revenue of $18.58 billion during the quarter, compared to analysts’ expectations of $18.56 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. Citigroup’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities research analysts expect that Citigroup will post 7.42 EPS for the current fiscal year.
In related news, insider Michael Whitaker sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $63.24, for a total value of $442,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider W. Bradford Hu sold 5,420 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $64.27, for a total transaction of $348,343.40. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Condor Capital Management grew its holdings in shares of Citigroup by 0.5% in the 4th quarter. Condor Capital Management now owns 31,706 shares of the financial services provider’s stock valued at $1,651,000 after buying an additional 164 shares during the period. Appleton Partners Inc. MA grew its holdings in shares of Citigroup by 0.4% in the 4th quarter. Appleton Partners Inc. MA now owns 39,955 shares of the financial services provider’s stock valued at $2,080,000 after buying an additional 175 shares during the period. TCI Wealth Advisors Inc. grew its holdings in shares of Citigroup by 7.6% in the 4th quarter. TCI Wealth Advisors Inc. now owns 2,806 shares of the financial services provider’s stock valued at $146,000 after buying an additional 197 shares during the period. Highstreet Asset Management Inc. grew its holdings in shares of Citigroup by 1.9% in the 4th quarter. Highstreet Asset Management Inc. now owns 10,700 shares of the financial services provider’s stock valued at $557,000 after buying an additional 200 shares during the period. Finally, Canton Hathaway LLC grew its holdings in shares of Citigroup by 2.0% in the 1st quarter. Canton Hathaway LLC now owns 10,300 shares of the financial services provider’s stock valued at $640,000 after buying an additional 200 shares during the period. 71.29% of the stock is owned by hedge funds and other institutional investors.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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