Citigroup (NYSE:C) Now Covered by Truist Financial

Investment analysts at Truist Financial started coverage on shares of Citigroup (NYSE:C) in a report issued on Tuesday,Benzinga reports. The brokerage set a “buy” rating and a $85.00 price target on the stock. Truist Financial’s price objective would indicate a potential upside of 16.85% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Piper Sandler boosted their price objective on Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group boosted their price objective on Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Keefe, Bruyette & Woods boosted their price objective on Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $70.00 to $95.00 in a research note on Monday. Finally, Morgan Stanley dropped their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.80.

Citigroup Stock Up 2.5 %

Shares of C opened at $72.74 on Tuesday. The company has a market capitalization of $137.57 billion, a PE ratio of 21.08, a PEG ratio of 0.80 and a beta of 1.43. Citigroup has a 12 month low of $50.51 and a 12 month high of $73.99. The stock’s 50-day moving average price is $69.50 and its two-hundred day moving average price is $64.74. 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 announced its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $1.52 EPS. On average, analysts anticipate that Citigroup will post 5.86 EPS for the current year.

Institutional Investors Weigh In On Citigroup

Several institutional investors have recently made changes to their positions in C. Franklin Resources Inc. lifted its position in shares of Citigroup by 18.5% during the third quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company’s stock worth $1,998,976,000 after acquiring an additional 4,680,713 shares in the last quarter. Caxton Associates LP raised its position in shares of Citigroup by 96.1% in the second quarter. Caxton Associates LP now owns 3,952,428 shares of the company’s stock worth $250,821,000 after buying an additional 1,937,038 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Citigroup by 70.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,531,827 shares of the company’s stock worth $283,692,000 after buying an additional 1,865,628 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Citigroup by 32.2% in the fourth quarter. Nordea Investment Management AB now owns 7,115,440 shares of the company’s stock worth $501,994,000 after buying an additional 1,731,527 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of Citigroup by 9.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 15,676,463 shares of the company’s stock worth $981,347,000 after buying an additional 1,404,120 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Company Profile

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.