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.

WARNING: “Macquarie Boosts Citigroup (C) Price Target to $84.00” was posted by Week Herald and is the sole property of of Week Herald. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at

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)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with's FREE daily email newsletter.

Leave a Reply