Citigroup (NYSE:C) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Citigroup (NYSE:C) from a buy rating to a hold rating in a research report report published on Saturday.

Several other research firms also recently issued reports on C. Morgan Stanley upped their price objective on shares of Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Zacks Research upgraded Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. The Goldman Sachs Group upped their target price on Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Oppenheimer downgraded Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Finally, Bank of America lifted their price target on Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.22.

Citigroup Stock Up 0.8%

C stock opened at $134.95 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. Citigroup has a twelve month low of $90.68 and a twelve month high of $147.96. The company’s 50 day moving average is $136.81 and its two-hundred day moving average is $124.83. The stock has a market cap of $230.17 billion, a P/E ratio of 14.57, a PEG ratio of 0.61 and a beta of 1.12.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business had revenue of $24.77 billion during the quarter, compared to analysts’ expectations of $23.74 billion. During the same quarter in the prior year, the business posted $1.96 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. Research analysts expect that Citigroup will post 11.2 earnings per share for the current fiscal year.

Citigroup announced that its Board of Directors has approved a share repurchase plan on Thursday, May 7th that allows the company to repurchase $30.00 billion in shares. This repurchase authorization allows the company to repurchase up to 13.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 3rd will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.0%. Citigroup’s dividend payout ratio is currently 28.94%.

Hedge Funds Weigh In On Citigroup

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Citigroup in the fourth quarter valued at $2,800,944,000. Bank of New York Mellon Corp acquired a new position in shares of Citigroup during the 2nd quarter worth $3,244,602,000. Vanguard Group Inc. grew its stake in shares of Citigroup by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after purchasing an additional 4,938,923 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in shares of Citigroup in the 4th quarter valued at about $298,082,000. Finally, SEB Asset Management AB acquired a new stake in shares of Citigroup in the first quarter valued at about $252,972,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Brokerages collectively assign Citigroup an average “Moderate Buy” rating, reinforcing the bullish case for the common stock. The rating should be viewed cautiously because analyst recommendations can be systematically optimistic. Citigroup Receives Average Rating of Moderate Buy
• Positive Sentiment: Citi raised its third-quarter 2026 Brent crude forecast to $80 per barrel. A higher oil-price outlook could support trading activity and commodities-related client demand, although the unchanged longer-term forecasts suggest the adjustment is limited rather than a major change in strategy. Citi Raises Q3 2026 Brent Crude Oil Forecast
• Neutral Sentiment: Citigroup’s investment-banking and research operations remain active, with the bank maintaining a Buy rating on Micron while lowering its price target because memory-price momentum may peak in 2027. The development does not directly change Citi’s fundamentals but highlights potential market-cycle and client-exposure risks. Micron Stock Slips as Citi Cuts Target
• Negative Sentiment: Citigroup’s preferred shares have recently declined as investors speculate that the bank could redeem the issue. A redemption could eliminate the preferred security’s roughly 10% yield, creating uncertainty for income investors, though the issue is distinct from Citigroup’s common stock. Why Citigroup Preferred’s 10% Yield May Not Last

About Citigroup

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.