Citigroup (NYSE:C) Price Target Lowered to $86.00 at Oppenheimer

Citigroup (NYSE:C) had its price target decreased by Oppenheimer from $87.00 to $86.00 in a report published on Tuesday, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other research analysts have also recently weighed in on C. Morgan Stanley upgraded shares of Citigroup from an underweight rating to an overweight rating and lifted their price target for the stock from $46.00 to $65.00 in a research note on Tuesday, January 30th. BMO Capital Markets cut shares of Citigroup from an outperform rating to a market perform rating and set a $57.00 price target on the stock. in a research note on Wednesday, January 10th. Societe Generale downgraded shares of Citigroup from a hold rating to a sell rating in a research report on Monday, January 8th. Evercore ISI raised their price objective on shares of Citigroup from $58.00 to $60.00 and gave the company an in-line rating in a research report on Thursday, April 4th. Finally, HSBC raised their price objective on shares of Citigroup from $61.00 to $70.00 and gave the company a buy rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $62.85.

Citigroup Price Performance

Shares of C opened at $61.33 on Tuesday. The company has a market capitalization of $117.46 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm has a 50 day moving average of $59.36 and a 200 day moving average of $52.35. Citigroup has a twelve month low of $38.17 and a twelve month high of $63.90.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter last year, the firm earned $1.86 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Citigroup will post 5.97 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.46%. Citigroup’s dividend payout ratio is presently 62.72%.

Hedge Funds Weigh In On Citigroup

Large investors have recently made changes to their positions in the company. Family Legacy Inc. lifted its stake in shares of Citigroup by 2.9% in the first quarter. Family Legacy Inc. now owns 6,330 shares of the company’s stock worth $400,000 after buying an additional 179 shares in the last quarter. Accel Wealth Management raised its stake in Citigroup by 3.9% during the first quarter. Accel Wealth Management now owns 4,919 shares of the company’s stock worth $311,000 after purchasing an additional 185 shares during the period. Massachusetts Wealth Management raised its stake in Citigroup by 0.5% during the fourth quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock worth $2,046,000 after purchasing an additional 192 shares during the period. Founders Capital Management raised its stake in Citigroup by 12.5% during the fourth quarter. Founders Capital Management now owns 1,800 shares of the company’s stock worth $93,000 after purchasing an additional 200 shares during the period. Finally, Cowa LLC raised its stake in Citigroup by 3.1% during the fourth quarter. Cowa LLC now owns 6,600 shares of the company’s stock worth $340,000 after purchasing an additional 200 shares during the period. 71.72% of the stock is owned by hedge funds and other 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.