Erste Group Bank Lifts Earnings Estimates for Citigroup

Citigroup Inc. (NYSE:C) – Investment analysts at Erste Group Bank boosted their FY2026 earnings estimates for shares of Citigroup in a report released on Thursday, August 27th. Erste Group Bank analyst H. Engel now expects that the company will post earnings of $11.20 per share for the year, up from their previous forecast of $11.18. The consensus estimate for Citigroup’s current full-year earnings is $11.21 per share.

Citigroup (NYSE:C) last posted 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. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The firm had revenue of $24.77 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the previous year, the firm posted $1.96 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year.

A number of other research firms have also commented on C. UBS Group lowered their price objective on Citigroup from $150.00 to $142.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Wells Fargo & Company increased their target price on Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. Weiss Ratings raised Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, August 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $150.00 price target on shares of Citigroup in a research report on Wednesday, July 15th. Finally, Bank of America boosted their price target on Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.22.

Citigroup Stock Down 1.0%

NYSE C opened at $131.61 on Monday. 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 company has a market cap of $224.47 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.60 and a beta of 1.12. The company has a 50 day moving average of $135.91 and a 200-day moving average of $126.89. Citigroup has a 1-year low of $92.96 and a 1-year high of $147.96.

Institutional Investors Weigh In On Citigroup

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp boosted its holdings in shares of Citigroup by 4.7% during the 4th quarter. Truist Financial Corp now owns 375,977 shares of the company’s stock valued at $43,873,000 after acquiring an additional 16,744 shares in the last quarter. UniSuper Management Pty Ltd grew its position in Citigroup by 38.8% during the 4th quarter. UniSuper Management Pty Ltd now owns 1,306,851 shares of the company’s stock worth $152,496,000 after acquiring an additional 365,041 shares during the last quarter. Brighton Jones LLC increased its holdings in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Citigroup by 4.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,819,471 shares of the company’s stock worth $453,371,000 after purchasing an additional 145,610 shares in the last quarter. Finally, Highland Capital Management LLC raised its position in Citigroup by 6.2% in the fourth quarter. Highland Capital Management LLC now owns 217,753 shares of the company’s stock valued at $25,410,000 after purchasing an additional 12,764 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

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

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 given a dividend of $0.67 per share. This is an increase from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, August 3rd. Citigroup’s dividend payout ratio (DPR) is presently 28.94%.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Higher earnings expectations: Erste Group Bank raised its fiscal 2026 EPS forecast for Citigroup, signaling improving confidence in the bank’s earnings outlook. The revision could support investor sentiment, particularly following Citigroup’s recent quarterly earnings beat and 14.5% year-over-year revenue growth. Citigroup FY2026 EPS Forecast Raised by Erste Group Bank
• Neutral Sentiment: Citi research highlights energy infrastructure growth: Citi analysts said the Permian Basin may be entering a multiyear natural-gas infrastructure expansion supported by more durable demand. The report may benefit Citi’s research and investment-banking franchise, but it has no direct material effect on Citigroup’s own near-term financial results. Citi sees Permian Basin entering multi-year natural gas growth cycle
• Neutral Sentiment: Additional analyst activity: Citi maintained a Buy rating on India’s Indraprastha Gas after a compressed-natural-gas price increase and turned bullish on Oracle’s cloud and artificial-intelligence prospects. These recommendations demonstrate ongoing research activity but are not direct catalysts for Citigroup stock. IGL shares jump after CNG price hike Why Citi Analysts Are Bullish on Oracle Stock Now

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.