Citigroup (NYSE:C) Given New $148.50 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised Citigroup’s price target to $148.50 from $147.00 and maintained an “overweight” rating, implying 21.11% upside from the prior close.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $150.87. Citigroup also exceeded quarterly EPS and revenue expectations.
• Citigroup shares fell 2.5% to $122.62 and remain below their 50-day and 200-day moving averages, signaling near-term technical weakness despite supportive fundamentals.

Citigroup (NYSE:C - Get Free Report) had its target price increased by JPMorgan Chase & Co. from $147.00 to $148.50 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 21.11% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Citigroup in a report on Wednesday, October 14th. Argus set a $150.00 price target on Citigroup in a report on Wednesday, July 15th. Evercore set a $135.00 price target on Citigroup in a research report on Wednesday, October 14th. Truist Financial cut their price objective on Citigroup from $158.00 to $154.00 and set a "buy" rating for the company in a report on Wednesday, July 15th. Finally, UBS Group set a $148.00 price target on Citigroup in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $150.87.

Citigroup Stock Down 2.5%

Shares of NYSE:C traded down $3.14 during trading on Friday, hitting $122.62. The company's stock had a trading volume of 13,627,029 shares, compared to its average volume of 12,258,392. The stock's 50-day moving average price is $130.17 and its two-hundred day moving average price is $126.42. Citigroup has a fifty-two week low of $95.83 and a fifty-two week high of $147.96. The company has a market capitalization of $209.14 billion, a PE ratio of 11.96, a PEG ratio of 0.54 and a beta of 1.13. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.99 and a current ratio of 1.00.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.19. The business 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 revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.86 earnings per share. As a group, sell-side analysts expect that Citigroup will post 11.44 EPS for the current year.

Hedge Funds Weigh In On Citigroup

Several institutional investors have recently bought and sold shares of the company. Paladin Partners LLC acquired a new stake in shares of Citigroup during the second quarter valued at $27,000. Pin Oak Investment Advisors Inc. purchased a new position in Citigroup during the 2nd quarter valued at about $29,000. Balance Wealth Partners LLC acquired a new stake in Citigroup during the third quarter worth about $27,000. Whipplewood Advisors LLC bought a new stake in shares of Citigroup during the first quarter valued at approximately $25,000. Finally, Center for Financial Planning Inc. increased its stake in Citigroup by 78.7% in the 3rd quarter. Center for Financial Planning Inc. now owns 243 shares of the company's stock valued at $31,000 after buying an additional 107 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Debt redemption may improve funding flexibility. Citibank, N.A., Citigroup’s principal banking subsidiary, announced the full redemption of $2 billion of 5.488% notes due 2026 and $500 million of floating-rate notes due 2026. Retiring the obligations could reduce future interest expense and refinancing needs, although it also uses $2.5 billion of cash. Citibank Announces $2 Billion Redemption of Notes
• Positive Sentiment: Recent operating trends remain supportive. Citigroup’s latest reported quarter exceeded consensus estimates on earnings and revenue, while management raised its 2026 return-on-tangible-common-equity target above 11%, improved its net-interest-income outlook, increased the dividend and authorized a new $30 billion buyback. These measures provide potential support for earnings per share and shareholder returns. Citigroup Could Be Undervalued
• Neutral Sentiment: Options activity signals volatility, not direction. Recent options-market activity indicates traders are positioning for a potentially large move in C stock, but the available report does not establish whether investors are predominantly bullish or bearish. Options Traders Betting on a Big Move in Citigroup Stock
• Negative Sentiment: Technical weakness is offsetting the fundamental positives. Shares remain below both their 50-day and 200-day moving averages after a recent pullback. That positioning can encourage short-term selling and profit-taking, particularly while investors await a clearer catalyst beyond the buyback, dividend and guidance upgrades.

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi's consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.

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