Analysts Set Citigroup Inc. (NYSE:C) Price Target at $71.06

Citigroup Inc. (NYSE:C - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seventeen research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $71.06.

A number of brokerages have issued reports on C. The Goldman Sachs Group decreased their price target on Citigroup from $75.00 to $71.00 and set a "buy" rating on the stock in a research note on Wednesday, September 11th. Morgan Stanley cut their price objective on Citigroup from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Evercore ISI raised their price objective on Citigroup from $63.00 to $64.00 and gave the stock an "in-line" rating in a report on Wednesday, October 16th. Oppenheimer cut their price objective on Citigroup from $92.00 to $91.00 and set an "outperform" rating on the stock in a report on Wednesday, October 16th. Finally, Bank of America raised their price objective on Citigroup from $77.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th.

Institutional Investors Weigh In On Citigroup

Several hedge funds and other institutional investors have recently bought and sold shares of the business. MONECO Advisors LLC grew its position in shares of Citigroup by 2.9% in the 2nd quarter. MONECO Advisors LLC now owns 5,542 shares of the company's stock worth $352,000 after acquiring an additional 157 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its position in shares of Citigroup by 4.0% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company's stock worth $272,000 after acquiring an additional 164 shares in the last quarter. NorthRock Partners LLC grew its position in shares of Citigroup by 2.7% in the 1st quarter. NorthRock Partners LLC now owns 6,288 shares of the company's stock worth $398,000 after acquiring an additional 165 shares in the last quarter. Legacy Capital Group California Inc. grew its position in shares of Citigroup by 1.0% in the 2nd quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company's stock worth $1,053,000 after acquiring an additional 169 shares in the last quarter. Finally, Grove Bank & Trust grew its position in shares of Citigroup by 7.1% in the 3rd quarter. Grove Bank & Trust now owns 2,564 shares of the company's stock worth $161,000 after acquiring an additional 170 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Price Performance

Citigroup stock traded down $1.24 during trading hours on Friday, hitting $61.76. The stock had a trading volume of 9,697,845 shares, compared to its average volume of 14,373,945. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $117.80 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.74 and a beta of 1.44. Citigroup has a 1-year low of $38.17 and a 1-year high of $67.81. The stock's fifty day moving average is $61.67 and its two-hundred day moving average is $61.95.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same quarter last year, the company earned $1.52 earnings per share. The business's revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts predict that Citigroup will post 5.76 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 4th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.63%. Citigroup's dividend payout ratio is presently 62.75%.

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.