Citigroup Inc. (NYSE:C – Get Free Report) has received a consensus rating of “Hold” from the fourteen brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $51.66.

Several equities research analysts have recently commented on the stock. Piper Sandler decreased their target price on shares of Citigroup from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, October 16th. BMO Capital Markets upped their price objective on shares of Citigroup from $61.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, October 16th. Royal Bank of Canada reduced their price objective on shares of Citigroup from $51.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, September 20th. StockNews.com began coverage on shares of Citigroup in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Oppenheimer upped their price objective on shares of Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, November 16th.

Read Our Latest Report on Citigroup

Citigroup Price Performance

Shares of NYSE C opened at $46.70 on Wednesday. The firm’s 50-day moving average price is $42.16 and its 200-day moving average price is $43.91. Citigroup has a 1-year low of $38.17 and a 1-year high of $53.23. The firm has a market capitalization of $89.38 billion, a P/E ratio of 7.40, a P/E/G ratio of 2.59 and a beta of 1.58. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.45.

Citigroup (NYSE:C – Get Free Report) last announced its quarterly earnings data on Friday, October 13th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.29. The firm had revenue of $20.14 billion for the quarter, compared to analyst estimates of $19.27 billion. Citigroup had a net margin of 9.22% and a return on equity of 6.76%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 earnings per share. Equities research analysts anticipate that Citigroup will post 5.86 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is currently 33.60%.

Insider Activity

In other news, insider Andrew John Morton sold 28,096 shares of the firm’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $40.66, for a total transaction of $1,142,383.36. Following the sale, the insider now owns 410,060 shares in the company, valued at approximately $16,673,039.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Citigroup

Several institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Resource Group grew its holdings in shares of Citigroup by 8.2% during the 3rd quarter. Advisory Resource Group now owns 69,281 shares of the company’s stock valued at $2,850,000 after purchasing an additional 5,237 shares during the last quarter. Dimension Capital Management LLC bought a new stake in Citigroup in the 3rd quarter worth $214,000. Wellington Management Group LLP grew its holdings in Citigroup by 306.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,180,767 shares of the company’s stock worth $48,565,000 after acquiring an additional 890,464 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in Citigroup by 96.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 13,347 shares of the company’s stock worth $549,000 after acquiring an additional 6,568 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in Citigroup by 1.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,098,524 shares of the company’s stock worth $45,182,000 after acquiring an additional 20,762 shares during the last quarter. Institutional investors own 69.26% of the company’s stock.

About Citigroup (Get Free Report

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises.

Further Reading

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Original: MarketBeat News Feed: Citigroup Inc. (NYSE:C) Receives Consensus Rating of “Hold” from Analysts