Citigroup (NYSE:C) Given New $139.00 Price Target at UBS Group

Citigroup (NYSE:C) had its target price cut by UBS Group from $142.00 to $139.00 in a research note released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts also recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. HSBC initiated coverage on shares of Citigroup in a report on Monday, September 28th. They set a “buy” rating and a $164.00 target price for the company. Bank of America increased their price target on shares of Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. cut their price objective on shares of Citigroup from $149.00 to $147.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $149.06.

Citigroup Stock Performance

Shares of NYSE C traded down $0.17 during midday trading on Monday, hitting $128.38. 9,459,296 shares of the company’s stock were exchanged, compared to its average volume of 12,520,150. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. Citigroup has a 12 month low of $93.66 and a 12 month high of $147.96. The company’s 50 day moving average price is $133.98 and its 200 day moving average price is $130.92. The firm has a market capitalization of $218.96 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The business had revenue of $24.77 billion for the quarter, compared to analysts’ expectations of $23.74 billion. During the same quarter in the prior year, the business earned $1.96 EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, analysts predict that Citigroup will post 11.19 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.1%. This is a boost from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, August 3rd. Citigroup’s dividend payout ratio is currently 28.94%.

Institutional Trading of Citigroup

Several hedge funds and other institutional investors have recently bought and sold shares of C. State Street Corp grew its position in Citigroup by 3.7% during the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock worth $11,199,986,000 after buying an additional 2,913,701 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Citigroup in the 2nd quarter valued at $3,244,602,000. Bank of America Corp DE lifted its position in shares of Citigroup by 2.8% during the 1st quarter. Bank of America Corp DE now owns 26,869,012 shares of the company’s stock valued at $3,047,215,000 after acquiring an additional 728,043 shares during the period. Invesco Ltd. lifted its position in shares of Citigroup by 6.2% during the 4th quarter. Invesco Ltd. now owns 15,139,403 shares of the company’s stock valued at $1,766,617,000 after acquiring an additional 887,430 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Citigroup by 10.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,467,857 shares of the company’s stock worth $1,745,001,000 after purchasing an additional 1,210,006 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup is expanding its Citi Token Services platform into Japan and the United Arab Emirates, extending its digital payments and cross-border transaction network. The move could support longer-term growth in the company’s Services business. Citigroup’s Japan and UAE Token Push
• Positive Sentiment: Analysts expect earnings growth when Citigroup reports on October 13, and the bank’s history of exceeding estimates is fueling expectations for another potential earnings beat. Strong results or an upbeat outlook could provide a catalyst for the stock. Citigroup Reports Q3 Earnings on October 13
• Neutral Sentiment: Citigroup is reportedly fast-tracking junior bankers to compete for talent. The strategy may improve investment-banking capabilities over time, although it could also increase compensation and operating expenses in the near term. Citigroup Fast-Tracks Junior Bankers
• Negative Sentiment: The stock remains exposed to a broader yield-driven bank selloff, making investors particularly focused on net interest income, trading performance, credit quality and management’s guidance at the upcoming report. This sector pressure appears to be the main near-term drag despite Citigroup-specific growth initiatives. What Citigroup’s Stock Needs to Show

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City and listed on the New York Stock Exchange under the symbol C. Through its subsidiaries and businesses, Citi provides banking, lending, investment, payments, wealth management and other financial services to consumers, businesses, governments and institutional clients.

Citi’s principal businesses include Services, which supports institutional clients with treasury, trade, securities services and related solutions; Markets, which provides sales, trading, research and financing services; Banking, which offers investment banking and corporate banking; and Wealth, which provides private banking and wealth management.