Truist Financial Boosts Citigroup (NYSE:C) Price Target to $112.00

Citigroup (NYSE:C) had its target price raised by Truist Financial from $105.00 to $112.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on C. Wells Fargo & Company raised their target price on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Dbs Bank upgraded Citigroup from a “hold” rating to a “moderate buy” rating in a research report on Thursday, July 17th. Barclays raised their target price on Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Morgan Stanley raised their price target on shares of Citigroup from $103.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Finally, Evercore ISI set a $77.00 price target on shares of Citigroup in a research note on Monday, July 7th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $98.11.

Citigroup Price Performance

NYSE C opened at $103.41 on Wednesday. The stock’s fifty day moving average price is $96.30 and its 200 day moving average price is $81.83. The company has a market cap of $190.37 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 0.88 and a beta of 1.41. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup has a 1 year low of $55.51 and a 1 year high of $105.59.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.35. The company had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Citigroup will post 7.53 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were paid a $0.60 dividend. This is a positive change from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. Citigroup’s dividend payout ratio is 35.45%.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, the director directly owned 2,140 shares of the company’s stock, valued at $193,456. This trade represents a 58.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. MorganRosel Wealth Management LLC purchased a new position in Citigroup in the 1st quarter worth approximately $28,000. Howard Hughes Medical Institute purchased a new position in Citigroup in the 2nd quarter worth approximately $34,000. Accent Capital Management LLC increased its holdings in shares of Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after buying an additional 212 shares during the last quarter. American National Bank & Trust acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $29,000. Finally, DHJJ Financial Advisors Ltd. increased its holdings in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after buying an additional 253 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

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.