Citigroup (NYSE:C) Now Covered by Truist Financial

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

Other analysts have also recently issued reports about the company. The Goldman Sachs Group raised their price objective on Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Evercore ISI raised their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Piper Sandler lifted their price target on Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their price target on Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Wells Fargo & Company lifted their price target on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.80.

Citigroup Stock Performance

Shares of C opened at $72.74 on Tuesday. The firm has a 50-day moving average of $69.50 and a 200-day moving average of $64.74. Citigroup has a one year low of $50.51 and a one year high of $73.99. The company has a market cap of $137.57 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same period last year, the firm posted $1.52 earnings per share. The business’s revenue was up .9% on a year-over-year basis. As a group, equities analysts forecast that Citigroup will post 5.86 earnings per share for the current year.

Hedge Funds Weigh In On Citigroup

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lifestyle Asset Management Inc. increased its stake in shares of Citigroup by 4.5% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 3,730 shares of the company’s stock valued at $233,000 after purchasing an additional 160 shares during the last quarter. Grove Bank & Trust grew its position in Citigroup by 7.1% during the 3rd quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock worth $161,000 after acquiring an additional 170 shares during the last quarter. MWA Asset Management grew its position in Citigroup by 1.4% during the 3rd quarter. MWA Asset Management now owns 12,585 shares of the company’s stock worth $788,000 after acquiring an additional 173 shares during the last quarter. Bridge Creek Capital Management LLC grew its position in Citigroup by 0.3% during the 3rd quarter. Bridge Creek Capital Management LLC now owns 67,236 shares of the company’s stock worth $4,209,000 after acquiring an additional 175 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in Citigroup by 9.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,048 shares of the company’s stock worth $128,000 after acquiring an additional 175 shares during the last quarter. 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.