Keefe, Bruyette & Woods Increases Citigroup (NYSE:C) Price Target to $92.00

Citigroup (NYSE:C) had its price objective raised by equities researchers at Keefe, Bruyette & Woods from $85.00 to $92.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 14.93% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Evercore ISI raised their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $70.00 to $95.00 in a report on Monday, January 6th. Piper Sandler boosted their price objective on shares of Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Oppenheimer lowered their target price on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Finally, Bank of America upped their price target on Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.93.

Citigroup Trading Up 2.0 %

NYSE C opened at $80.05 on Thursday. Citigroup has a one year low of $50.51 and a one year high of $80.45. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $151.40 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 0.59 and a beta of 1.43. The company’s 50-day simple moving average is $70.99 and its two-hundred day simple moving average is $65.41.

Citigroup (NYSE:C) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.12. The company had revenue of $19.58 billion for the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. Citigroup’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. Equities analysts forecast that Citigroup will post 5.88 EPS for the current fiscal year.

Citigroup declared that its board has initiated a share repurchase program on Wednesday, January 15th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the company to purchase up to 13.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Citigroup

Several institutional investors and hedge funds have recently bought and sold shares of C. Legacy Investment Solutions LLC purchased a new stake in shares of Citigroup in the third quarter worth about $31,000. Northwest Investment Counselors LLC purchased a new stake in Citigroup in the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Citigroup during the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. increased its holdings in shares of Citigroup by 184.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after purchasing an additional 368 shares in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Citigroup in the 4th quarter valued at $44,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

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.