Analysts Set Citigroup Inc. (NYSE:C) Price Target at $145.22

Shares of Citigroup Inc. (NYSE:C) have been given a consensus recommendation of “Moderate Buy” by the nineteen research firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $145.2222.

Several research firms have recently issued reports on C. Wells Fargo & Company raised their price objective on Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. Argus set a $150.00 price target on Citigroup in a research report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price objective on shares of Citigroup from $135.50 to $149.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Truist Financial reduced their target price on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $150.00 target price on shares of Citigroup in a report on Wednesday, July 15th.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: China brokerage expansion: Citi expects Beijing approval for its wholly owned China brokerage business as soon as this month and plans to add several dozen employees. The license could strengthen Citi’s presence in China’s capital-markets and wealth businesses. Citi eyes China brokerage unit licence as soon as this month
• Positive Sentiment: Wealth-management hiring: Citi’s wealth unit added senior executives from Apollo and Bank of America as the division extends its growth streak. The appointments signal continued investment in a business that can generate fee income and diversify results beyond traditional lending. Citi wealth unit adds Apollo, Bank of America alums
• Positive Sentiment: Capital returns remain a support: Analysts highlighted Citi’s aggressive buyback and dividend strategy, supported by stronger earnings, excess capital and business simplification. Continued returns could improve per-share earnings and investor sentiment, although they depend on sustained profitability and regulatory approval. Can Citigroup Sustain Its Aggressive Capital Return Strategy?
• Neutral Sentiment: Rate outlook reset: Citi economists moved their forecast for Federal Reserve rate cuts to 2027 after a stronger U.S. jobs report. Delayed easing could support Citi’s net interest income, but it also raises borrowing costs for consumers and businesses and may pressure credit quality and deal activity. Citigroup delays Fed rate-cut forecast to 2027
• Negative Sentiment: Sanctions-related regulatory risk: A UK regulator reportedly fined a Citi unit over breaches involving Russia sanctions. The financial impact may be manageable, but the incident adds compliance costs and reputational risk as investors monitor Citi’s ongoing control improvements. UK fines Citigroup unit over Russia sanctions breaches

Citigroup Trading Down 0.2%

Shares of C opened at $137.80 on Tuesday. The stock has a market capitalization of $235.03 billion, a PE ratio of 14.88, a P/E/G ratio of 0.62 and a beta of 1.12. The company’s fifty day moving average is $135.26 and its 200 day moving average is $127.43. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup has a fifty-two week low of $93.66 and a fifty-two week high of $147.96.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. The business had revenue of $24.77 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the company posted $1.96 EPS. Sell-side analysts expect that Citigroup will post 11.21 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders 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 an increase from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a yield of 1.9%. Citigroup’s payout ratio is 28.94%.

Institutional Investors Weigh In On Citigroup

Several hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System increased its stake in Citigroup by 12,834.2% in the second quarter. California State Teachers Retirement System now owns 360,205,535 shares of the company’s stock worth $50,414,367,000 after purchasing an additional 357,420,622 shares during the period. Norges Bank purchased a new stake in shares of Citigroup during the fourth quarter valued at $2,800,944,000. Bank of New York Mellon Corp bought a new position in shares of Citigroup in the second quarter worth about $3,244,602,000. Nykredit A S purchased a new position in Citigroup in the 2nd quarter worth about $458,275,000. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Citigroup in the 4th quarter worth about $298,082,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

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.