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

Citigroup (NYSE:C) had its price target decreased by stock analysts at UBS Group from $142.00 to $139.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 8.28% from the company’s previous close.

Several other equities research analysts have also recently weighed in on C. Evercore set a $140.00 price target on Citigroup in a research report on Thursday, October 1st. Oppenheimer lowered shares of Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Wells Fargo & Company boosted their price objective on shares of Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. Wall Street Zen lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Bank of America increased their target price on shares of Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $149.06.

Citigroup Stock Performance

Shares of NYSE C traded down $0.17 during mid-day trading on Monday, hitting $128.38. The company had a trading volume of 9,459,296 shares, compared to its average volume of 12,520,150. The company has a market capitalization of $218.96 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 0.57 and a beta of 1.13. Citigroup has a 1 year low of $93.66 and a 1 year high of $147.96. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock’s 50-day moving average price is $133.98 and its 200-day moving average price is $130.92.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. The company had revenue of $24.77 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 EPS. On average, sell-side analysts forecast that Citigroup will post 11.19 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised 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 valued at $11,199,986,000 after purchasing an additional 2,913,701 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Citigroup during the 2nd quarter valued at about $3,244,602,000. Bank of America Corp DE increased 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 purchasing an additional 728,043 shares during the last quarter. Invesco Ltd. raised its holdings 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 buying an additional 887,430 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Citigroup by 10.7% in 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 buying an additional 1,210,006 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Key Stories 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

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.