Citigroup (NYSE:C) Stock Gets Price Target Boost from HSBC

Citigroup (NYSE:C - Get Free Report) had its price objective hoisted by HSBC from $161.00 to $164.00 in a research note issued on Monday, Marketbeat reports. The firm presently has a "buy" rating on the stock. HSBC's price objective would suggest a potential upside of 23.21% from the company's previous close.

C has been the subject of several other reports. Wells Fargo & Company lifted their target price on shares of Citigroup from $162.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, June 18th. UBS Group decreased their price objective on shares of Citigroup from $150.00 to $142.00 and set a "neutral" rating for the company in a report on Monday, August 3rd. Morgan Stanley boosted their price objective on shares of Citigroup from $154.00 to $164.00 and gave the company an "overweight" rating in a report on Monday, June 29th. Truist Financial decreased their price objective on shares of Citigroup from $158.00 to $154.00 and set a "buy" rating for the company in a report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of Citigroup from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $149.50.

Citigroup Stock Down 0.9%

NYSE:C traded down $1.18 during mid-day trading on Monday, hitting $133.10. 951,500 shares of the company's stock were exchanged, compared to its average volume of 12,585,988. Citigroup has a one year low of $93.66 and a one year high of $147.96. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The business has a fifty day moving average price of $134.27 and a 200 day moving average price of $129.99. The company has a market cap of $227.01 billion, a PE ratio of 14.39, a P/E/G ratio of 0.60 and a beta of 1.12.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.41. The business had revenue of $24.77 billion during the quarter, compared to analysts' expectations of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.96 earnings per share. Equities analysts predict that Citigroup will post 11.2 EPS for the current year.

Hedge Funds Weigh In On Citigroup

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

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup is reportedly assembling a banking group for a January IPO of Grupo Financiero Banamex that could raise more than $3 billion. Citi is expected to lead the offering alongside Bank of America, Goldman Sachs and JPMorgan Chase, creating potential investment-banking fees and highlighting progress in monetizing the Banamex business. Citigroup aims to raise $3B in Banamex IPO - report
• Positive Sentiment: Recent analysis highlights Citigroup’s improved profitability, including first-half 2026 net income growth of roughly 44%, favorable earnings-growth expectations and an upgraded outlook. The stock’s valuation remains relatively moderate, with analysts’ average price target reportedly above its recent trading range. Citi’s Profit Is Up 45%, and Its Stock Is Up 13% This Year
• Neutral Sentiment: Citigroup entities reported that they are no longer substantial holders in Australia-listed Jumbo Interactive and Predictive Discovery. The disclosures appear to reflect portfolio-position changes and are unlikely to materially affect Citigroup’s operating results. Citi Group Entities Cease to Be Substantial Holder in Jumbo Interactive
• Negative Sentiment: Federal Reserve officials continue to warn that inflation may remain entrenched and that monetary policy may not yet be restrictive enough. Higher-for-longer interest rates and rising bond yields can pressure bank funding costs, loan demand and the valuation of financial stocks, even though resilient economic activity may support credit performance. Fed’s Hammack warns against inflation becoming entrenched

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.