Citigroup (NYSE:C) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Citigroup (NYSE:C) had its price objective boosted by research analysts at Keefe, Bruyette & Woods from $118.00 to $131.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 17.54% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Piper Sandler set a $118.00 price objective on Citigroup in a report on Wednesday, December 10th. Truist Financial lifted their price objective on shares of Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Bank of America boosted their price objective on shares of Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Dbs Bank downgraded shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $118.00 price objective on shares of Citigroup in a research note on Tuesday, October 14th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.81.

Citigroup Trading Up 0.2%

NYSE:C traded up $0.17 during trading hours on Wednesday, hitting $111.45. The stock had a trading volume of 3,326,309 shares, compared to its average volume of 14,720,709. The business’s 50 day moving average is $101.78 and its 200-day moving average is $95.04. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $199.41 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 0.56 and a beta of 1.21. Citigroup has a one year low of $55.51 and a one year high of $113.52.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. During the same quarter in the previous year, the business earned $1.51 EPS. The firm’s revenue was up 9.3% on a year-over-year basis. Sell-side analysts anticipate that Citigroup will post 7.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Citigroup

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC boosted its holdings in shares of Citigroup by 87.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock worth $26,000 after buying an additional 120 shares during the period. Dunhill Financial LLC lifted its position in Citigroup by 92.2% during the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock worth $32,000 after acquiring an additional 153 shares during the last quarter. Guerra Advisors Inc bought a new stake in shares of Citigroup during the third quarter worth approximately $33,000. Cloud Capital Management LLC acquired a new position in shares of Citigroup in the third quarter valued at approximately $40,000. Finally, Howard Hughes Medical Institute acquired a new position in shares of Citigroup in the second quarter valued at approximately $34,000. 71.72% of the stock is 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.