Citigroup Inc. (NYSE:C) Stock Has Average Price Target of $145.22 According to Brokerages

Shares of Citigroup Inc. (NYSE:C) have earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $149.50.

C has been the subject of a number of recent analyst reports. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Weiss Ratings raised shares of Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, August 24th. UBS Group lowered their price objective on shares of Citigroup from $150.00 to $142.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Bank of America lifted their target price on shares of Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. boosted their target price on Citigroup from $135.50 to $149.00 and gave the company an “overweight” rating in a research report on Monday, July 6th.

Hedge Funds Weigh In On Citigroup

Hedge funds have recently bought and sold shares of the company. Cim Investment Management Inc. grew its position in Citigroup by 99.8% in the 2nd quarter. Cim Investment Management Inc. now owns 12,378 shares of the company’s stock valued at $1,732,000 after acquiring an additional 6,184 shares in the last quarter. QRG Capital Management Inc. increased its stake in Citigroup by 7.5% during the second quarter. QRG Capital Management Inc. now owns 404,784 shares of the company’s stock worth $56,560,000 after purchasing an additional 28,171 shares during the period. Andra AP fonden lifted its position in shares of Citigroup by 22.3% during the second quarter. Andra AP fonden now owns 274,600 shares of the company’s stock worth $38,433,000 after purchasing an additional 50,100 shares in the last quarter. State Street Corp lifted its position in shares of 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 purchasing an additional 2,913,701 shares in the last quarter. Finally, Smith Chas P & Associates PA Cpas purchased a new position in shares of Citigroup in the second quarter valued at approximately $232,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

NYSE:C opened at $129.80 on Friday. Citigroup has a 52 week low of $93.66 and a 52 week high of $147.96. The stock’s fifty day moving average is $134.23 and its two-hundred day moving average is $130.47. The company has a market capitalization of $221.38 billion, a P/E ratio of 14.02, a P/E/G ratio of 0.59 and a beta of 1.12. 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 (NYSE:C) last released its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $23.74 billion. During the same period in the prior year, the business posted $1.96 EPS. The company’s revenue was up 14.5% compared to the same quarter last year. Equities analysts expect that Citigroup will post 11.21 EPS for the current year.

Citigroup Increases Dividend

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

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Stablecoin partnership expands. Citi is deepening its relationship with Coinbase to connect institutional clients with virtual accounts, fiat settlement and stablecoin payment rails. The initiative could strengthen Citi’s position in digital payments and create new transaction-related revenue opportunities. Citigroup Deepens Stablecoin Push With Expanded Coinbase Tie-Up
• Positive Sentiment: Token Services expands internationally. Citi’s blockchain-based Citi Token Services has reached Japan and the UAE, taking the platform to seven markets. Broader adoption could support the bank’s transaction-banking franchise and improve its competitive standing in institutional payments. Citi Challenges Crypto Payment Rails as Token Services Expand
• Positive Sentiment: Analysts anticipate stronger third-quarter results. Forecasts call for approximately $2.64 in third-quarter earnings per share and $23.75 billion in revenue when Citi reports on October 13. That outlook reinforces the recent earnings momentum, although results remain an upcoming catalyst. Citigroup Likely To Report Higher Q3 Earnings
• Neutral Sentiment: Citi launched multi-market instant payments through Swift, enabling clients to access local real-time payment networks through one account structure. The move is strategically positive, but near-term financial benefits are uncertain. Citi Becomes First Bank to Launch Multi-Market Instant Payments
• Neutral Sentiment: Citi Global Markets announced securities linked to the S&P 500. This appears to be a routine structured-products offering with limited direct impact on Citi’s stock. Citigroup Global Markets Announces S&P 500 Barrier Securities
• Negative Sentiment: CEO Jane Fraser highlighted risks from artificial intelligence and fintech competition for deposits. Those concerns could pressure margins and raise technology-investment requirements, tempering enthusiasm over Citi’s digital initiatives. AI Risks to Banking and Fintech Deposit Competition

About Citigroup

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.