Analysts Set Citigroup Inc. (NYSE:C) Price Target at $145.00

Citigroup Inc. (NYSE:CGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the nineteen brokerages that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $145.6667.

Several brokerages have recently weighed in on C. Bank of America lifted their price target on shares of Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods upped their price target on Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Jefferies Financial Group assumed coverage on Citigroup in a research note on Thursday, March 26th. They issued a “buy” rating and a $135.00 price objective on the stock. Oppenheimer cut Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Finally, Wells Fargo & Company increased their target price on shares of Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th.

Check Out Our Latest Analysis on Citigroup

Insider Activity

In other news, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of the sale, the director directly owned 12,194 shares of the company’s stock, valued at $1,527,908.20. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Citigroup

A number of institutional investors have recently bought and sold shares of the business. Mcguire Capital Advisors Inc. bought a new position in shares of Citigroup in the fourth quarter worth about $25,000. Whipplewood Advisors LLC purchased a new position in Citigroup in the 1st quarter worth approximately $25,000. Richards Merrill & Peterson Inc. bought a new position in Citigroup in the 4th quarter worth approximately $28,000. TD Capital Management LLC purchased a new stake in Citigroup during the 4th quarter valued at approximately $28,000. Finally, IMG Wealth Management Inc. grew its holdings in Citigroup by 197.6% during the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock valued at $28,000 after buying an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

Citigroup Stock Down 1.7%

Shares of Citigroup stock opened at $129.46 on Monday. Citigroup has a twelve month low of $87.94 and a twelve month high of $147.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The company’s 50 day moving average is $134.34 and its 200 day moving average is $123.33. The company has a market cap of $220.81 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11.

Citigroup (NYSE:CGet Free Report) last released its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.41. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The firm had revenue of $24.75 billion for the quarter, compared to analysts’ expectations of $23.74 billion. During the same period in the prior year, the firm earned $1.96 EPS. The company’s revenue was up 14.5% compared to the same quarter last year. Research analysts anticipate that Citigroup will post 11.15 EPS for the current year.

Citigroup declared that its board has authorized a share buyback program on Thursday, May 7th that permits the company to repurchase $30.00 billion in shares. This repurchase authorization permits the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Citigroup Company Profile

(Get Free Report)

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

Further Reading

Analyst Recommendations for Citigroup (NYSE:C)

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