Citigroup (NYSE:C) PT Raised to $92.00 at Oppenheimer

Citigroup (NYSE:C) had its target price increased by research analysts at Oppenheimer from $87.00 to $92.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 50.06% from the company’s previous close.

C has been the topic of a number of other reports. Royal Bank of Canada raised their price target on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Evercore ISI raised their target price on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a report on Wednesday, July 3rd. BMO Capital Markets boosted their price target on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Argus raised their price objective on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Morgan Stanley lifted their price objective on Citigroup from $79.00 to $86.00 and gave the company an “overweight” rating in a report on Monday. One 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.06.

Citigroup Stock Down 1.2 %

C stock opened at $61.31 on Wednesday. The business’s 50 day simple moving average is $60.66 and its 200 day simple moving average is $61.74. Citigroup has a 1-year low of $38.17 and a 1-year high of $67.81. The firm has a market capitalization of $116.95 billion, a PE ratio of 17.17, a PEG ratio of 0.69 and a beta of 1.44. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.13. The company had revenue of $20.14 billion for the quarter, compared to analyst estimates of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share. As a group, research analysts anticipate that Citigroup will post 5.79 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC acquired a new stake in Citigroup during the 4th quarter worth approximately $671,000. CIBC Private Wealth Group LLC grew its stake in shares of Citigroup by 2.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 21,870 shares of the company’s stock worth $1,125,000 after purchasing an additional 479 shares during the last quarter. Capital International Ltd. CA increased its holdings in Citigroup by 2.9% in the fourth quarter. Capital International Ltd. CA now owns 72,157 shares of the company’s stock valued at $3,712,000 after purchasing an additional 2,005 shares during the period. Capital International Sarl raised its position in Citigroup by 20.1% during the 4th quarter. Capital International Sarl now owns 80,381 shares of the company’s stock worth $4,135,000 after purchasing an additional 13,429 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in Citigroup by 17.9% during the 4th quarter. Capital Research Global Investors now owns 10,188,436 shares of the company’s stock worth $524,093,000 after buying an additional 1,547,312 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

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.