Analysts Set Citigroup Inc. (NYSE:C) Price Target at $83.53

Citigroup Inc. (NYSE:C - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fifteen brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $83.53.

C has been the topic of several recent research reports. Evercore ISI lifted their price objective on shares of Citigroup from $69.00 to $79.00 and gave the stock an "in-line" rating in a research note on Thursday, January 16th. Bank of America upped their price target on Citigroup from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Barclays raised Citigroup from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. The Goldman Sachs Group cut their target price on Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Finally, Piper Sandler restated an "overweight" rating and set a $83.00 price target (up previously from $80.00) on shares of Citigroup in a report on Thursday, January 16th.

Insider Buying and Selling at Citigroup

In other news, COO Anand Selvakesari sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the sale, the chief operating officer now directly owns 229,180 shares in the company, valued at approximately $18,586,498. The trade was a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark Mason sold 58,465 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $83.21, for a total value of $4,864,872.65. Following the completion of the transaction, the chief financial officer now directly owns 217,331 shares of the company's stock, valued at approximately $18,084,112.51. This trade represents a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,590 shares of company stock valued at $8,523,149 in the last 90 days. 0.08% of the stock is currently owned by insiders.

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Hedge Funds Weigh In On Citigroup

Hedge funds have recently made changes to their positions in the business. Brookstone Capital Management grew its stake in Citigroup by 340.6% during the fourth quarter. Brookstone Capital Management now owns 36,034 shares of the company's stock worth $2,536,000 after buying an additional 27,856 shares during the last quarter. Inspire Trust Co. N.A. grew its holdings in shares of Citigroup by 34.8% during the third quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company's stock worth $4,852,000 after purchasing an additional 20,000 shares during the last quarter. FNY Investment Advisers LLC increased its stake in shares of Citigroup by 168.7% in the fourth quarter. FNY Investment Advisers LLC now owns 19,560 shares of the company's stock valued at $1,376,000 after buying an additional 12,280 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Citigroup by 2.4% in the third quarter. HighTower Advisors LLC now owns 354,294 shares of the company's stock valued at $22,236,000 after buying an additional 8,301 shares during the last quarter. Finally, Candriam S.C.A. lifted its position in Citigroup by 12.7% during the 4th quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock worth $14,139,000 after buying an additional 22,657 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Stock Performance

C traded up $0.39 during trading on Tuesday, reaching $74.43. 10,917,979 shares of the company were exchanged, compared to its average volume of 13,304,832. Citigroup has a 52 week low of $53.51 and a 52 week high of $84.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm has a 50 day moving average of $77.48 and a 200 day moving average of $70.42. The stock has a market cap of $140.26 billion, a P/E ratio of 12.51, a PEG ratio of 0.64 and a beta of 1.43.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.22 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $19.58 billion for the quarter, compared to analysts' expectations of $19.51 billion. During the same quarter last year, the company earned $0.84 EPS. Citigroup's quarterly revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts forecast that Citigroup will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 3rd were paid a $0.56 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.01%. Citigroup's payout ratio is presently 37.65%.

Citigroup announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 15th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the company to reacquire up to 13.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

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.