Research Analysts’ Recent Ratings Updates for Citigroup (C)

A number of research firms have changed their ratings and price targets for Citigroup (NYSE: C):

• 1/16/2025 – Citigroup had its price target raised by analysts at Morgan Stanley from $104.00 to $109.00. They now have an “overweight” rating on the stock.
• 1/16/2025 – Citigroup had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $83.00 price target on the stock, up previously from $80.00.
• 1/16/2025 – Citigroup had its price target raised by analysts at Keefe, Bruyette & Woods from $85.00 to $92.00. They now have an “outperform” rating on the stock.
• 1/16/2025 – Citigroup had its price target raised by analysts at Evercore ISI from $69.00 to $79.00. They now have an “in-line” rating on the stock.
• 1/16/2025 – Citigroup had its price target raised by analysts at The Goldman Sachs Group, Inc. from $77.00 to $86.00. They now have a “buy” rating on the stock.
• 1/7/2025 – Citigroup had its price target raised by analysts at Bank of America Co. from $90.00 to $95.00. They now have a “buy” rating on the stock.
• 1/7/2025 – Citigroup is now covered by analysts at Truist Financial Co.. They set a “buy” rating and a $85.00 price target on the stock.
• 1/6/2025 – Citigroup was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $95.00 price target on the stock, up previously from $70.00.
• 1/3/2025 – Citigroup had its price target lowered by analysts at Oppenheimer Holdings Inc. from $110.00 to $102.00. They now have an “outperform” rating on the stock.
• 1/3/2025 – Citigroup had its price target raised by analysts at Keefe, Bruyette & Woods from $82.00 to $85.00. They now have an “outperform” rating on the stock.
• 12/6/2024 – Citigroup had its price target raised by analysts at The Goldman Sachs Group, Inc. from $72.00 to $81.00. They now have a “buy” rating on the stock.
• 12/3/2024 – Citigroup had its price target raised by analysts at Piper Sandler from $73.00 to $80.00. They now have an “overweight” rating on the stock.
• 12/3/2024 – Citigroup was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $82.00 price target on the stock, up previously from $70.00.
• 12/2/2024 – Citigroup had its price target raised by analysts at Bank of America Co. from $78.00 to $90.00. They now have a “buy” rating on the stock.

Citigroup Stock Up 1.2 %

Shares of Citigroup stock traded up $1.00 during midday trading on Thursday, hitting $81.63. The company had a trading volume of 1,566,337 shares, compared to its average volume of 16,728,512. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $154.38 billion, a P/E ratio of 13.72, a P/E/G ratio of 0.65 and a beta of 1.43. The company has a 50 day moving average of $73.18 and a 200 day moving average of $66.42. Citigroup Inc. has a 52-week low of $52.24 and a 52-week high of $82.77.

Citigroup (NYSE:C) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The company had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities analysts predict that Citigroup Inc. will post 7.51 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.24 annualized dividend and a yield of 2.74%. Citigroup’s dividend payout ratio is 37.65%.

Hedge Funds Weigh In On Citigroup

A number of institutional investors and hedge funds have recently modified their holdings of C. Core Alternative Capital raised its holdings in Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company’s stock worth $26,000 after purchasing an additional 171 shares during the period. Northwest Investment Counselors LLC bought a new stake in Citigroup during the third quarter valued at about $28,000. Strategic Investment Solutions Inc. IL bought a new stake in Citigroup during the second quarter valued at about $31,000. Legacy Investment Solutions LLC bought a new stake in Citigroup during the third quarter valued at about $31,000. Finally, Webster Bank N. A. increased its holdings in shares of Citigroup by 150.0% in the fourth quarter. Webster Bank N. A. now owns 500 shares of the company’s stock worth $35,000 after purchasing an additional 300 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

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.