Citigroup (NYSE:C) Given New $153.00 Price Target at Keefe, Bruyette & Woods

Citigroup (NYSE:C) had its price target hoisted by Keefe, Bruyette & Woods from $140.00 to $153.00 in a research note published on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

C has been the topic of several other research reports. Evercore set a $139.00 price objective on shares of Citigroup in a report on Wednesday, April 15th. Truist Financial set a $147.00 target price on shares of Citigroup in a research note on Friday, May 1st. UBS Group reissued a “neutral” rating and issued a $132.00 target price on shares of Citigroup in a research note on Thursday, January 15th. Oppenheimer upped their target price on shares of Citigroup from $132.00 to $144.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Finally, Barclays upped their price objective on shares of Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.62.

Citigroup Stock Performance

NYSE:C opened at $125.52 on Friday. The firm’s 50-day moving average is $117.98 and its 200-day moving average is $113.01. Citigroup has a 52-week low of $71.29 and a 52-week high of $135.29. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.00 and a current ratio of 0.99. The company has a market cap of $215.26 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 0.58 and a beta of 1.14.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.43. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The company had revenue of $24.63 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the previous year, the firm posted $1.96 EPS. The business’s revenue was up 14.1% compared to the same quarter last year. Equities research analysts anticipate that Citigroup will post 10.65 earnings per share for the current year.

Citigroup declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 7th that allows the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, May 4th. Citigroup’s dividend payout ratio is currently 29.74%.

Insider Activity at Citigroup

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $111.09, for a total value of $4,796,088.57. Following the completion of the sale, the insider owned 45,835 shares of the company’s stock, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward Skyler sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the completion of the sale, the insider directly owned 182,022 shares of the company’s stock, valued at $23,919,511.02. The trade was a 12.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,318 shares of company stock worth $10,764,814 over the last 90 days. 0.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Citigroup

Large investors have recently made changes to their positions in the stock. Whipplewood Advisors LLC bought a new position in shares of Citigroup in the 1st quarter valued at about $25,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Citigroup during the 4th quarter worth about $25,000. Wolff Wiese Magana LLC lifted its stake in shares of Citigroup by 87.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock worth $26,000 after buying an additional 120 shares during the last quarter. Richards Merrill & Peterson Inc. acquired a new stake in shares of Citigroup during the 4th quarter worth about $28,000. Finally, TD Capital Management LLC acquired a new stake in Citigroup in the 4th quarter worth about $28,000. Institutional investors 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 unveiled a new $30 billion share buyback plan, a strong signal that management sees the stock as undervalued and has confidence in its capital position. RTT News
• Positive Sentiment: The company set a profitability target of 11% to 13% adjusted return on tangible common equity for 2027-2028, with further improvement expected by 2031, reinforcing the turnaround story. Reuters
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on Citigroup to $153 from $140 and kept an outperform rating, showing Wall Street still sees meaningful upside. Benzinga
• Neutral Sentiment: CEO Jane Fraser said the global economy remains resilient, but warned that the market may not yet fully understand the second- and third-order effects of the Iran war and ongoing inflation pressures. YouTube/CNBC
• Negative Sentiment: Some investors viewed the new profit targets as too modest, suggesting Citigroup may still trail peers longer than hoped despite the overhaul. Quartz

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.