Citigroup (NYSE:C) Lowered to Hold Rating by Zacks Research

Citigroup (NYSE:C) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

A number of other equities analysts have also commented on the company. Truist Financial reduced their price objective on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Bank of America raised their target price on Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Argus set a $150.00 price target on Citigroup in a report on Wednesday, July 15th. Evercore set a $143.00 price target on shares of Citigroup in a research report on Monday, July 6th. Finally, Wall Street Zen lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $145.22.

Citigroup Stock Performance

NYSE:C opened at $136.23 on Monday. The stock has a market capitalization of $232.35 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 0.61 and a beta of 1.12. 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 1 year low of $93.66 and a 1 year high of $147.96. The firm has a 50 day moving average of $134.75 and a 200-day moving average of $128.72.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The business had revenue of $24.77 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same period in the prior year, the company earned $1.96 EPS. Citigroup’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Citigroup will post 11.2 EPS for the current fiscal year.

Institutional Trading of Citigroup

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Paladin Partners LLC acquired a new stake in Citigroup during the 2nd quarter worth $27,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Citigroup in the 2nd quarter valued at $29,000. Whipplewood Advisors LLC acquired a new position in shares of Citigroup in the 1st quarter valued at $25,000. TD Capital Management LLC bought a new position in shares of Citigroup in the 4th quarter worth $28,000. Finally, IMG Wealth Management Inc. grew its stake in shares of Citigroup by 197.6% during the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after purchasing an additional 162 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup expects 2026 return on tangible common equity (RoTCE) to come in slightly above 11%, supported by stronger client activity, cost savings and better capital efficiency. The outlook represents progress in Citi’s multiyear restructuring and transformation efforts. Citigroup lifts 2026 ROTCE outlook
• Positive Sentiment: CFO Gonzalo Luchetti indicated that Citi intends to accelerate share repurchases beyond the $13 billion bought back in 2025. Higher buybacks could improve per-share earnings and signal confidence that the bank’s capital position is strong enough to support shareholder returns. Citi also plans approximately $500 million of additional investment by year-end. Citi’s 11%+ RoTCE target
• Positive Sentiment: The launch of “eFPI @ Citi” in India is designed to speed foreign portfolio investor registrations, potentially making Citi’s platform more attractive to institutional clients and supporting growth in its securities and transaction-services businesses. Citigroup launches eFPI @ Citi
• Neutral Sentiment: Citi is expanding its international footprint by opening a representative office in Guyana and hiring veteran banker Sophia Wang to lead China institutional sales. These moves reinforce the bank’s global strategy, although near-term financial effects are unclear. Citigroup opens representative office in Guyana
• Negative Sentiment: Citi analysts warned that markets may be underestimating the risk of a slower artificial-intelligence investment cycle. A broader decline in earnings expectations or risk appetite could weigh on financial stocks, even though the warning is not specific to Citi’s operations. Citigroup warns on AI-driven market gains

Citigroup Company Profile

Citigroup Inc (NYSE:C) is a global financial services company headquartered in New York City. Through its businesses, Citi provides banking, lending, credit card, wealth management, investment banking, securities, markets and treasury services to individuals, businesses, financial institutions and governments.

The company’s operations include U.S. Personal Banking, which offers consumer banking, credit cards and lending products; Wealth Management, which serves affluent and high-net-worth clients; and its Institutional Clients Group, which provides investment banking, corporate banking, markets, securities services and transaction banking.