Citigroup (NYSE:C) Price Target Increased to $90.00 by Analysts at Wells Fargo & Co

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Citigroup (NYSE:C) had its price target upped by investment analysts at Wells Fargo & Co from $82.00 to $90.00 in a research report issued on Thursday, April 25th, The Fly reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Wells Fargo & Co‘s target price indicates a potential upside of 38.31% from the stock’s current price.

Other analysts have also issued research reports about the company. Jefferies Financial Group boosted their price target on Citigroup to $64.00 and gave the company a “hold” rating in a report on Tuesday, January 15th. BMO Capital Markets boosted their price objective on shares of Citigroup from $92.00 to $93.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. HSBC set a $76.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a research note on Thursday, April 4th. ValuEngine raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Finally, Morgan Stanley reduced their price objective on shares of Citigroup from $81.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, January 8th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $80.45.

Shares of NYSE:C opened at $65.07 on Thursday. Citigroup has a 1 year low of $48.42 and a 1 year high of $75.24. The company has a market cap of $167.23 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 0.72 and a beta of 1.71. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36.

Citigroup (NYSE:C) last announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.09. The firm had revenue of $18.58 billion during the quarter, compared to analyst estimates of $18.56 billion. Citigroup had a return on equity of 10.05% and a net margin of 18.32%. Citigroup’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.68 earnings per share. Analysts anticipate that Citigroup will post 7.58 EPS for the current fiscal year.

In other news, CEO Stephen Bird sold 30,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $69.33, for a total transaction of $2,079,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. HighPoint Advisor Group LLC boosted its stake in shares of Citigroup by 24.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 7,878 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 1,552 shares in the last quarter. Family Legacy Inc. boosted its stake in shares of Citigroup by 341.8% during the 4th quarter. Family Legacy Inc. now owns 1,542 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 1,193 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Citigroup during the 4th quarter worth about $29,160,000. RWC Asset Management LLP boosted its stake in shares of Citigroup by 13.4% during the 4th quarter. RWC Asset Management LLP now owns 420,019 shares of the financial services provider’s stock worth $21,866,000 after acquiring an additional 49,563 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Citigroup during the 4th quarter worth about $2,515,000. 71.11% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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