Citigroup Inc. (NYSE:C) Receives $84.61 Average Target Price from Brokerages

Shares of Citigroup Inc. (NYSE:C - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $84.61.

A number of equities research analysts have commented on C shares. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Bank of America reduced their target price on Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. The Goldman Sachs Group lowered their price target on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Piper Sandler reaffirmed an "overweight" rating and issued a $77.00 price objective (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research note on Thursday, April 3rd.

Citigroup Trading Up 3.0 %

NYSE C traded up $1.90 during trading hours on Friday, reaching $64.59. The company's stock had a trading volume of 13,216,645 shares, compared to its average volume of 14,421,837. The firm has a fifty day simple moving average of $70.40 and a 200-day simple moving average of $71.01. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup has a 52 week low of $53.51 and a 52 week high of $84.74. The stock has a market cap of $121.57 billion, a P/E ratio of 10.86, a P/E/G ratio of 0.64 and a beta of 1.29.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Equities analysts forecast that Citigroup will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Monday, May 5th. Citigroup's dividend payout ratio (DPR) is currently 35.39%.

Citigroup announced that its Board of Directors has approved a share buyback plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to buy up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling at Citigroup

In related news, CFO Mark Mason sold 58,465 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now directly owns 217,331 shares in the company, valued at approximately $18,084,112.51. The trade was a 21.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Anand Selvakesari sold 30,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 229,180 shares of the company's stock, valued at $18,586,498. This represents a 11.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,590 shares of company stock worth $8,523,149. 0.08% of the stock is owned by corporate insiders.

Institutional Trading of Citigroup

Several hedge funds and other institutional investors have recently modified their holdings of C. Wetzel Investment Advisors Inc. lifted its holdings in Citigroup by 0.6% during the 1st quarter. Wetzel Investment Advisors Inc. now owns 32,966 shares of the company's stock worth $2,340,000 after purchasing an additional 200 shares in the last quarter. JFS Wealth Advisors LLC increased its position in shares of Citigroup by 7.6% during the first quarter. JFS Wealth Advisors LLC now owns 4,910 shares of the company's stock valued at $349,000 after buying an additional 348 shares during the period. TrueMark Investments LLC lifted its holdings in shares of Citigroup by 10.7% in the first quarter. TrueMark Investments LLC now owns 78,305 shares of the company's stock worth $5,559,000 after buying an additional 7,560 shares in the last quarter. Jmac Enterprises LLC grew its stake in Citigroup by 3.5% during the first quarter. Jmac Enterprises LLC now owns 15,800 shares of the company's stock valued at $1,122,000 after acquiring an additional 531 shares in the last quarter. Finally, First Bancorp Inc ME increased its holdings in Citigroup by 2.3% during the 1st quarter. First Bancorp Inc ME now owns 8,275 shares of the company's stock worth $587,000 after acquiring an additional 189 shares during the period. Institutional investors own 71.72% of the company's stock.

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.