Macquarie Boosts Citigroup (C) Price Target to $84.00

Citigroup (NYSE:C) had its price target increased by Macquarie from $82.00 to $84.00 in a report issued on Monday, Marketbeat reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on the company. Raymond James Financial started coverage on Citigroup in a research note on Tuesday, October 31st. They issued a hold rating for the company. Nomura raised their price objective on Citigroup to $84.00 and gave the company a buy rating in a research note on Monday, December 11th. Credit Suisse Group reiterated a buy rating and issued a $83.00 price target on shares of Citigroup in a report on Tuesday, December 12th. Wells Fargo & Co set a $95.00 price target on Citigroup and gave the stock a buy rating in a report on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods increased their price target on Citigroup from $80.00 to $87.00 and gave the stock an outperform rating in a report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $79.65.

Citigroup (NYSE:C) opened at $76.71 on Monday. Citigroup has a one year low of $56.55 and a one year high of $80.70. The company has a market capitalization of $193,212.58, a P/E ratio of 14.10, a P/E/G ratio of 1.09 and a beta of 1.54. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the company earned $1.14 EPS. equities analysts anticipate that Citigroup will post 6.4 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.67%. Citigroup’s dividend payout ratio is presently -41.29%.

Several large investors have recently made changes to their positions in C. Beach Investment Management LLC. boosted its position in shares of Citigroup by 895.5% in the 2nd quarter. Beach Investment Management LLC. now owns 349,614 shares of the financial services provider’s stock worth $23,382,000 after purchasing an additional 314,494 shares in the last quarter. RFG Advisory Group LLC acquired a new stake in Citigroup during the 2nd quarter worth about $203,000. Geneva Advisors LLC lifted its position in Citigroup by 3.1% during the 2nd quarter. Geneva Advisors LLC now owns 12,816 shares of the financial services provider’s stock worth $857,000 after acquiring an additional 381 shares during the period. Genesee Valley Trust Co. lifted its position in Citigroup by 25.6% during the 2nd quarter. Genesee Valley Trust Co. now owns 24,516 shares of the financial services provider’s stock worth $1,640,000 after acquiring an additional 5,003 shares during the period. Finally, Fagan Associates Inc. acquired a new stake in Citigroup during the 2nd quarter worth about $884,000. Institutional investors and hedge funds own 80.71% of the company’s stock.

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Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Analyst Recommendations for Citigroup (NYSE:C)

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