Citigroup Inc. (NYSE:C) Receives $137.62 Average Price Target from Analysts

Citigroup Inc. (NYSE:C) has received an average rating of “Moderate Buy” from the twenty research firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $137.6176.

C has been the topic of several recent research reports. Wall Street Zen upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Evercore set a $139.00 price target on shares of Citigroup in a report on Wednesday, April 15th. The Goldman Sachs Group upped their price target on shares of Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Wells Fargo & Company upped their price target on shares of Citigroup from $160.00 to $162.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a report on Friday, May 8th.

Citigroup Stock Up 0.8%

Shares of NYSE C opened at $125.73 on Friday. The firm’s 50-day moving average price is $122.89 and its 200-day moving average price is $115.69. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $214.44 billion, a price-to-earnings ratio of 15.58, a P/E/G ratio of 0.56 and a beta of 1.14. Citigroup has a 12-month low of $74.30 and a 12-month high of $135.29.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.43. The firm had revenue of $24.63 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 EPS. On average, equities research analysts anticipate that Citigroup will post 10.68 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, May 4th. Citigroup’s dividend payout ratio is presently 29.74%.

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

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s latest quarter beat expectations, with EPS of $3.06 versus $2.63 expected and revenue of $24.63 billion topping estimates, reinforcing confidence in the bank’s earnings momentum.
• Positive Sentiment: Recent coverage highlights Citigroup’s growth drivers, including loan demand, private credit expansion, and ongoing transformation efforts that analysts say could support revenue growth through 2026. Top Research Reports for Citigroup, TotalEnergies & AppLovin
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple firms maintaining Buy/Overweight ratings and recent price targets clustering well above the current trading range, suggesting room for further upside.
• Positive Sentiment: News that Citigroup is concentrating more wealth-management hiring in Asia points to a strategic push into a faster-growing, more productive market segment. Citigroup Inc. (C) Anchors Wealth Hiring in Asia
• Neutral Sentiment: Several articles also note Citigroup’s stock has been broadly outperforming some financial peers this year, but these pieces are more comparison-focused than catalyst-driven. Is Citigroup (C) Stock Outpacing Its Finance Peers This Year?
• Negative Sentiment: Some institutional holdings data show major investors trimming positions, including BlackRock and T. Rowe Price, which may temper enthusiasm despite the stronger operating trends.

Insider Activity

In related news, insider Edward Skyler sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 182,022 shares in the company, valued at approximately $23,919,511.02. This represents a 12.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.30, for a total transaction of $265,260.10. Following the transaction, the director owned 12,194 shares in the company, valued at $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On Citigroup

Several hedge funds have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC purchased a new stake in Citigroup in the 1st quarter valued at about $25,000. Mcguire Capital Advisors Inc. purchased a new stake in Citigroup in the 4th quarter valued at about $25,000. Richards Merrill & Peterson Inc. purchased a new stake in Citigroup in the 4th quarter valued at about $28,000. TD Capital Management LLC purchased a new stake in Citigroup in the 4th quarter valued at about $28,000. Finally, IMG Wealth Management Inc. boosted its position in Citigroup by 197.6% in the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock valued at $28,000 after buying an additional 162 shares during the period. 71.72% of the stock is currently owned by 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.