Citigroup (NYSE:C) Stock Rating Raised to Buy at Wall Street Zen

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

C has been the subject of a number of other research reports. UBS Group set a $148.00 price objective on Citigroup in a research report on Wednesday, October 14th. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Truist Financial cut their target price on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. TD Cowen reduced their target price on Citigroup from $150.00 to $148.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. Finally, JPMorgan Chase & Co. upped their target price on Citigroup from $147.00 to $148.50 and gave the company an “overweight” rating in a report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.87.

Citigroup Stock Up 0.6%

C stock opened at $119.16 on Friday. The firm has a market cap of $203.24 billion, a PE ratio of 11.63, a P/E/G ratio of 0.52 and a beta of 1.18. Citigroup has a 12 month low of $95.83 and a 12 month high of $147.96. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $128.92 and a 200 day simple moving average of $126.60.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.19. The firm had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.86 earnings per share. Equities research analysts forecast that Citigroup will post 11.44 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 2nd will be issued a dividend of $0.67 per share. The ex-dividend date is Monday, November 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.2%. Citigroup’s payout ratio is currently 26.15%.

Institutional Investors Weigh In On Citigroup

Several hedge funds have recently made changes to their positions in the company. Grove Bank & Trust increased its position in Citigroup by 1.8% during the 3rd quarter. Grove Bank & Trust now owns 4,549 shares of the company’s stock worth $589,000 after purchasing an additional 79 shares in the last quarter. American Trust lifted its position in Citigroup by 3.6% during 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 lifted its position in Citigroup by 0.8% during 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. Tsfg LLC grew its stake in Citigroup by 4.9% during the second 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. Finally, Somerset Trust Co grew its stake in Citigroup by 0.6% during the second quarter. Somerset Trust Co now owns 14,955 shares of the company’s stock worth $2,093,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup and DBS are competing to recruit talent for their India operations, including expansion tied to GIFT City. The hiring push points to investment in the region’s growth potential, though the articles do not quantify its expected financial impact. Citigroup, DBS vie for top talent to boost business in India hub
• Positive Sentiment: CEO Jane Fraser said she does not expect the market correction to become deeper or last longer, which may help reassure investors after the recent sell-off. This is a view on the broader market, not a change to Citi’s outlook. Citigroup CEO Jane Fraser on the market correction
• Neutral Sentiment: Citi named Circle its top pick in regulated stablecoins and digital payments. The call reflects Citi’s research activity, but Circle—not Citigroup—is the stock being recommended, so it is not a direct earnings catalyst for C. Citi Names Top Stock in Stablecoin and Digital Payments Space
• Negative Sentiment: Citigroup shares had a sharp decline in the prior session amid a volatile market. The broader backdrop remains uncertain, with post-election policy potentially slowing bank deregulation and increasing scrutiny of financial firms. Citigroup’s recent price decline Midterm election results and financial stocks
• Negative Sentiment: Citi’s strategists say the AI trade could remain under pressure and currently favor European equities over U.S. stocks. That cautious view may weigh on broader market sentiment, though it is not specific to Citi’s own fundamentals. Citi explains why the AI trade may remain under pressure

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions.

The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.

Citi serves clients across the United States and a broad range of international markets, drawing on its global network to support cross-border business and financial activity.