Citigroup Inc. (NYSE:C) Receives Consensus Rating of “Moderate Buy” from Brokerages

Citigroup Inc. (NYSE:C) has been given an average recommendation of “Moderate Buy” by the nineteen brokerages that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $145.2222.

A number of research analysts have issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $150.00 price objective on shares of Citigroup in a research report on Wednesday, July 15th. Morgan Stanley lifted their target price on shares of Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Weiss Ratings upgraded shares of Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, August 24th. Wall Street Zen cut shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Truist Financial lowered their price target on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th.

Institutional Investors Weigh In On Citigroup

A number of institutional investors have recently modified their holdings of C. Cora Capital Advisors LLC raised its holdings in Citigroup by 3.1% in the 1st quarter. Cora Capital Advisors LLC now owns 2,609 shares of the company’s stock worth $296,000 after purchasing an additional 78 shares during the period. CFS Investment Advisory Services LLC grew its holdings in Citigroup by 0.4% in the first quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock valued at $2,336,000 after purchasing an additional 79 shares during the period. American Trust increased its position in shares of Citigroup by 3.6% in the second quarter. American Trust now owns 2,331 shares of the company’s stock valued at $326,000 after buying an additional 80 shares in the last quarter. Invst LLC increased its position in shares of Citigroup by 0.8% in the second quarter. Invst LLC now owns 9,601 shares of the company’s stock valued at $1,344,000 after buying an additional 80 shares in the last quarter. Finally, Tsfg LLC raised its stake in shares of Citigroup by 4.9% during the 2nd quarter. Tsfg LLC now owns 1,701 shares of the company’s stock worth $238,000 after buying an additional 80 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Performance

NYSE C opened at $137.80 on Tuesday. The firm has a market capitalization of $235.03 billion, a P/E ratio of 14.88, a PEG ratio of 0.62 and a beta of 1.12. The stock has a 50-day simple moving average of $135.16 and a two-hundred day simple moving average of $127.72. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup has a fifty-two week low of $93.66 and a fifty-two week high of $147.96.

Citigroup (NYSE:C) last issued its 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. The firm had revenue of $24.77 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.96 earnings per share. On average, equities analysts forecast that Citigroup will post 11.21 earnings per share for the current year.

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 $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, August 3rd. Citigroup’s payout ratio is currently 28.94%.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Potential China brokerage approval: Citi could receive final Chinese regulatory approval as soon as September 2026 for its wholly owned mainland brokerage. The bank has been preparing the business since applying in 2021 and reportedly plans to roughly double staffing, targeting technology, healthcare, consumer and financial-services clients. Approval would give Citi a larger onshore presence and potentially broaden long-term revenue opportunities. Citigroup Moves Deeper Into China’s Capital Markets as Competition Intensifies
• Positive Sentiment: Cross-border payments milestone: Citi and Singapore’s DBS completed the first Singapore-to-U.S. dollar payment over a weekend. The transaction demonstrates expanded payment availability and may strengthen Citi’s position in global transaction banking, although the immediate earnings impact is likely limited. Citi and DBS Mark First Singapore-to-US Weekend Dollar Transaction
• Negative Sentiment: Capital-markets slowdown risk: A report warns that momentum in capital markets is fading during the third quarter. Weaker trading, investment-banking or underwriting activity could create uneven results for large banks, including Citi, and limit the benefit from its broader growth initiatives. Capital Markets Momentum Fades: What It Means for Big Banks in Q3

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.