Citigroup Inc. (NYSE:C) Receives $137.79 Average PT from Analysts

Shares of Citigroup Inc. (NYSE:C) have earned a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $137.7941.

A number of equities analysts recently weighed in on C shares. Wall Street Zen upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $139.00 price objective on shares of Citigroup in a report on Wednesday, April 15th. The Goldman Sachs Group upped their price objective on shares of Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Morgan Stanley upped their price objective on shares of Citigroup from $140.00 to $144.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Finally, Barclays upped their price objective on shares of Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Wells Fargo raised its price target on Citigroup to $165 from $162 and reiterated an Overweight rating, saying the bank could exceed its 2026 return-on-equity profitability goals. Citigroup (C) Could Surpass Long-Term Profitability Target, According to Wells Fargo
• Positive Sentiment: Citi was highlighted as a strong momentum stock, reinforcing the view that the recent share run has technical support behind it. Here’s Why Citigroup (C) is a Strong Momentum Stock
• Positive Sentiment: Citigroup plans to open a Baltic representative office to better finance defense-related business on NATO’s eastern frontier, which could expand fee-generating opportunities in a growing sector. Citigroup Plans Baltic Office to Tap Defense Spending Boom
• Positive Sentiment: Citi was also cited in a list of elite financial stocks favored by investors, adding to bullish sentiment around the stock. Citigroup Inc. (C): One of The Elite Financial Stocks to Buy?
• Neutral Sentiment: Citi named Rajeev Garg as UAE wealth head, a leadership move that may support its wealth-management business but is not likely to move the stock materially on its own. Citi names Rajeev Garg as UAE wealth head

Insider Buying and Selling

In other news, insider Edward Skyler sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the completion of the sale, the insider owned 182,022 shares in the company, valued at $23,919,511.02. The trade was a 12.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $125.30, for a total value of $265,260.10. Following the sale, the director owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. This represents a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On Citigroup

Several institutional investors and hedge funds have recently modified their holdings of C. Whipplewood Advisors LLC acquired a new position in shares of Citigroup in the first quarter valued at about $25,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Citigroup in the fourth quarter valued at about $25,000. Richards Merrill & Peterson Inc. acquired a new position in shares of Citigroup in the fourth quarter valued at about $28,000. TD Capital Management LLC acquired a new position in shares of Citigroup in the fourth quarter valued at about $28,000. Finally, IMG Wealth Management Inc. grew its stake in shares of Citigroup by 197.6% in the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock valued at $28,000 after acquiring an additional 162 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

Shares of C opened at $145.75 on Thursday. The company has a market cap of $248.58 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 0.62 and a beta of 1.12. Citigroup has a 1-year low of $77.50 and a 1-year high of $147.96. The company’s fifty day simple moving average is $130.28 and its 200 day simple moving average is $119.91. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. The business had revenue of $24.63 billion for the quarter, compared to the consensus estimate of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.96 earnings per share. On average, research analysts forecast that Citigroup will post 10.72 earnings per share for the current fiscal year.

Citigroup announced that its Board of Directors has initiated a share repurchase program on Thursday, May 7th that permits the company to buyback $30.00 billion in shares. This buyback authorization permits the company to buy up to 13.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, May 4th. Citigroup’s payout ratio is currently 29.74%.

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.