Citigroup (NYSE:C) Stock Rating Upgraded by Barclays

Barclays upgraded shares of Citigroup (NYSE:C) from an equal weight rating to an overweight rating in a report released on Monday, Marketbeat reports. Barclays currently has $95.00 price objective on the stock, up from their prior price objective of $70.00.

A number of other research analysts also recently weighed in on C. Oppenheimer decreased their target price on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Evercore ISI lifted their target price on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group increased their price target on Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Keefe, Bruyette & Woods upped their price objective on Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley cut their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.13.

Citigroup Price Performance

C stock opened at $73.23 on Monday. The stock has a 50-day moving average price of $69.85 and a two-hundred day moving average price of $64.89. Citigroup has a 1 year low of $50.51 and a 1 year high of $74.29. The stock has a market cap of $138.50 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 EPS. Equities analysts forecast that Citigroup will post 5.86 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s payout ratio is 64.93%.

Hedge Funds Weigh In On Citigroup

Institutional investors and hedge funds have recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in Citigroup during the third quarter worth about $31,000. Northwest Investment Counselors LLC bought a new position in shares of Citigroup during the third quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Citigroup in the second quarter valued at approximately $31,000. GHP Investment Advisors Inc. raised its position in shares of Citigroup by 184.0% in the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after buying an additional 368 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its stake in shares of Citigroup by 69.3% in the third quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock valued at $39,000 after buying an additional 260 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

About Citigroup

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.