Citigroup (NYSE:C) Price Target Raised to $95.00 at Wells Fargo & Company

Citigroup (NYSE:C) had its price target increased by Wells Fargo & Company from $85.00 to $95.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

C has been the subject of several other reports. Barclays raised their target price on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Bank of America lifted their price target on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI upped their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group decreased their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Morgan Stanley dropped their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Citigroup Trading Up 0.9 %

Shares of Citigroup stock traded up $0.61 during trading hours on Friday, reaching $68.76. 15,373,056 shares of the company’s stock were exchanged, compared to its average volume of 14,459,951. Citigroup has a 52-week low of $44.32 and a 52-week high of $70.20. The firm has a market capitalization of $130.04 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The company has a fifty day moving average of $63.21 and a 200-day moving average of $62.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same period last year, the company posted $1.52 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. Sell-side analysts forecast that Citigroup will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Institutional Investors Weigh In On Citigroup

Large investors have recently bought and sold shares of the business. POM Investment Strategies LLC bought a new stake in Citigroup in the second quarter worth $25,000. Northwest Investment Counselors LLC bought a new stake in Citigroup during the third quarter valued at about $28,000. Beacon Capital Management LLC boosted its holdings in Citigroup by 85.5% during the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in Citigroup during the second quarter valued at about $31,000. Finally, Legacy Investment Solutions LLC bought a new stake in Citigroup during the third quarter valued at about $31,000. 71.72% of the stock is currently owned by institutional investors.

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.