Citigroup (NYSE:C) had its target price boosted by JPMorgan Chase & Co. from $75.00 to $77.00 in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. The firm currently has an overweight rating on the financial services provider’s stock.

C has been the topic of a number of other research reports. Morgan Stanley cut GasLog Partners LP Unit from an overweight rating to an equal weight rating and reduced their target price for the company from $23.00 to $18.00 in a research note on Tuesday, April 16th. Bank of America set a $77.00 target price on Citigroup and gave the company a buy rating in a research note on Monday, June 10th. BMO Capital Markets increased their target price on Citigroup from $92.00 to $93.00 and gave the company an outperform rating in a research note on Monday, April 15th. Wells Fargo & Co set a $90.00 target price on Citigroup and gave the company a buy rating in a research note on Friday, May 3rd. Finally, Berenberg Bank cut to a hold rating and reduced their price objective for the company from GBX 283 ($3.70) to GBX 103 ($1.35) in a research note on Monday, June 17th. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Citigroup has a consensus rating of Buy and an average target price of $79.18.

Shares of C stock opened at $71.77 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36. Citigroup has a 52-week low of $48.42 and a 52-week high of $75.24. The stock has a market capitalization of $165.97 billion, a P/E ratio of 10.79, a PEG ratio of 0.79 and a beta of 1.74. The stock has a fifty day simple moving average of $67.50.

Citigroup (NYSE:C) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.09. Citigroup had a return on equity of 10.05% and a net margin of 18.32%. The company had revenue of $18.58 billion for the quarter, compared to the consensus estimate of $18.56 billion. During the same quarter last year, the business posted $1.68 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. Sell-side analysts predict that Citigroup will post 7.5 earnings per share for the current fiscal year.

In related news, CEO Stephen Bird sold 30,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $69.33, for a total value of $2,079,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Icon Wealth Partners LLC lifted its holdings in shares of Citigroup by 3.2% during the first quarter. Icon Wealth Partners LLC now owns 5,138 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 157 shares during the last quarter. Avestar Capital LLC lifted its holdings in shares of Citigroup by 35.0% during the first quarter. Avestar Capital LLC now owns 610 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 158 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Citigroup by 1.9% during the first quarter. Belpointe Asset Management LLC now owns 8,483 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 161 shares during the last quarter. RB Capital Management LLC lifted its holdings in shares of Citigroup by 3.4% during the first quarter. RB Capital Management LLC now owns 5,386 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 176 shares during the last quarter. Finally, Acima Private Wealth LLC lifted its holdings in shares of Citigroup by 29.7% during the first quarter. Acima Private Wealth LLC now owns 829 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 190 shares during the last quarter. 75.99% of the stock is currently owned by institutional investors.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Further Reading: Why is cost of goods sold important?

Analyst Recommendations for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.