Truist Financial Cuts Citigroup (NYSE:C) Price Target to $154.00

Citigroup (NYSE:C) had its price objective cut by Truist Financial from $158.00 to $154.00 in a report released on Wednesday morning, MarketBeat reports. They currently have a buy rating on the stock.

C has been the topic of several other research reports. Bank of America lifted their price objective on shares of Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Wall Street Zen raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. lifted their price target on shares of Citigroup from $135.50 to $149.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, Morgan Stanley boosted their price target on shares of Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.67.

Citigroup Stock Performance

NYSE:C opened at $129.46 on Wednesday. The stock has a 50-day moving average price of $134.34 and a 200 day moving average price of $123.33. The stock has a market capitalization of $220.81 billion, a P/E ratio of 13.98, a P/E/G ratio of 0.60 and a beta of 1.11. Citigroup has a 12-month low of $87.94 and a 12-month high of $147.96. 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 (NYSE:C) last posted 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 company had revenue of $24.75 billion for the quarter, compared to analysts’ expectations of $23.74 billion. During the same period in the previous year, the firm earned $1.96 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year. Equities research analysts forecast that Citigroup will post 11.15 EPS for the current fiscal year.

Citigroup announced that its board has initiated a share buyback program on Thursday, May 7th that permits the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $125.30, for a total transaction of $265,260.10. Following the completion of the transaction, the director directly owned 12,194 shares in the company, valued at approximately $1,527,908.20. This represents a 14.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On Citigroup

A number of hedge funds have recently bought and sold shares of C. Ballast Inc. purchased a new position in shares of Citigroup in the 2nd quarter worth $675,000. Regent Peak Wealth Advisors LLC increased its holdings in shares of Citigroup by 8.2% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 4,567 shares of the company’s stock worth $639,000 after buying an additional 346 shares during the last quarter. Hudson Value Partners LLC purchased a new stake in shares of Citigroup during the 2nd quarter valued at about $600,000. FORM Wealth Advisors LLC purchased a new stake in shares of Citigroup during the 2nd quarter valued at about $205,000. Finally, Tema ETFs LLC lifted its holdings in shares of Citigroup by 10.6% in the 2nd quarter. Tema ETFs LLC now owns 36,447 shares of the company’s stock valued at $5,101,000 after acquiring an additional 3,480 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup was added to Zacks’ Rank #1 (Strong Buy) list, signaling improving earnings momentum and potentially attracting more near-term buying. New Strong Buy Stocks for July 17th
• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 earnings estimates for Citigroup, reinforcing the view that profits may continue trending higher. Citigroup stock page / analyst estimate update
• Positive Sentiment: Market commentary highlighted Citigroup as one of the standouts in early Q2 bank earnings, alongside peers that beat expectations, which supports the broader bullish case for the shares. Q2 Earnings: 2 Winners and 1 Loser So Far
• Positive Sentiment: Citigroup’s Q2 results beat estimates, with revenue and EPS both coming in above Wall Street forecasts, keeping investor sentiment constructive after the earnings release. Citigroup earnings data
• Neutral Sentiment: Citigroup announced a full redemption of its Series T preferred stock, which is a capital-structure change but not a major operating catalyst by itself. Citigroup Announces Full Redemption of Series T Preferred Stock
• Neutral Sentiment: Several brokerage and market items reiterated or discussed Citigroup’s valuation and relative attractiveness versus peers, adding context but not introducing a major new surprise. Citigroup vs. Wells Fargo: Which Bank Stock Looks Attractive Post Q2 Results?

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.