Citigroup (NYSE:C) Price Target Raised to $64.00

Citigroup (NYSE:C) had its price target increased by Evercore ISI from $63.00 to $64.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has an in-line rating on the stock.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group cut their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Morgan Stanley decreased their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a report on Thursday, June 20th. Oppenheimer reduced their price target on Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Bank of America increased their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.06.

Citigroup Stock Performance

Citigroup stock opened at $62.85 on Wednesday. The firm has a fifty day simple moving average of $61.35 and a two-hundred day simple moving average of $61.92. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. Citigroup has a twelve month low of $38.17 and a twelve month high of $67.81. The company has a market capitalization of $119.88 billion, a PE ratio of 17.61, a P/E/G ratio of 0.74 and a beta of 1.44.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share 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 company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the previous year, the company posted $1.52 EPS. Citigroup’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts expect that Citigroup will post 5.76 EPS for the current year.

Institutional Investors Weigh In On Citigroup

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lloyd Advisory Services LLC. boosted its position in shares of Citigroup by 355.9% in the 1st quarter. Lloyd Advisory Services LLC. now owns 19,115 shares of the company’s stock worth $1,209,000 after purchasing an additional 14,922 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Citigroup by 13.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after acquiring an additional 8,593 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Citigroup by 13.4% in the first quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock worth $12,739,000 after acquiring an additional 23,774 shares during the last quarter. BDF Gestion bought a new position in shares of Citigroup during the second quarter valued at $3,861,000. Finally, New Mexico Educational Retirement Board raised its position in shares of Citigroup by 13.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 115,426 shares of the company’s stock worth $7,300,000 after purchasing an additional 14,100 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

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.