Citigroup (NYSE:C) Rating Lowered to "Hold" at Zacks Research

Key Points

• Zacks Research downgraded Citigroup from “strong buy” to “hold,” while the broader analyst consensus remains “moderate buy” with an average price target of $145.22.
• Citigroup reported quarterly EPS of $3.15, beating estimates of $2.74, while revenue reached $24.77 billion, up 14.5% year over year and above expectations.
• The stock opened at $136.23, with a market capitalization of approximately $232.35 billion and a 52-week trading range of $93.66 to $147.96.

Citigroup (NYSE:C - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday, Zacks reports.

Several other research analysts have also weighed in on C. Oppenheimer lowered shares of Citigroup from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $150.00 price target on shares of Citigroup in a research report on Wednesday, July 15th. Truist Financial cut their price target on shares of Citigroup from $158.00 to $154.00 and set a "buy" rating on the stock in a research note on Wednesday, July 15th. Argus set a $150.00 price target on shares of Citigroup in a report on Wednesday, July 15th. Finally, UBS Group lowered their price objective on shares of Citigroup from $150.00 to $142.00 and set a "neutral" rating for the company in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $145.22.

Citigroup Stock Performance

Citigroup stock opened at $136.23 on Monday. The firm has a market capitalization of $232.35 billion, a P/E ratio of 14.71, a PEG ratio of 0.61 and a beta of 1.12. The stock has a fifty day moving average price of $134.75 and a 200 day moving average price of $128.72. Citigroup has a 52 week low of $93.66 and a 52 week 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (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 analyst estimates of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The firm's quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the company earned $1.96 EPS. Equities research analysts anticipate that Citigroup will post 11.2 earnings per share for the current year.

Hedge Funds Weigh In On Citigroup

A number of hedge funds have recently made changes to their positions in the business. Paladin Partners LLC bought a new stake in Citigroup in the second quarter valued at $27,000. Pin Oak Investment Advisors Inc. acquired a new position in Citigroup during the second quarter worth $29,000. Whipplewood Advisors LLC bought a new position in shares of Citigroup during the first quarter valued at $25,000. TD Capital Management LLC bought a new position in shares of Citigroup during the fourth quarter valued at $28,000. Finally, IMG Wealth Management Inc. boosted its stake in shares of Citigroup by 197.6% in the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company's stock valued at $28,000 after purchasing an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup expects 2026 return on tangible common equity (RoTCE) to come in slightly above 11%, supported by stronger client activity, cost savings and better capital efficiency. The outlook represents progress in Citi’s multiyear restructuring and transformation efforts. Citigroup lifts 2026 ROTCE outlook
• Positive Sentiment: CFO Gonzalo Luchetti indicated that Citi intends to accelerate share repurchases beyond the $13 billion bought back in 2025. Higher buybacks could improve per-share earnings and signal confidence that the bank’s capital position is strong enough to support shareholder returns. Citi also plans approximately $500 million of additional investment by year-end. Citi’s 11%+ RoTCE target
• Positive Sentiment: The launch of “eFPI @ Citi” in India is designed to speed foreign portfolio investor registrations, potentially making Citi’s platform more attractive to institutional clients and supporting growth in its securities and transaction-services businesses. Citigroup launches eFPI @ Citi
• Neutral Sentiment: Citi is expanding its international footprint by opening a representative office in Guyana and hiring veteran banker Sophia Wang to lead China institutional sales. These moves reinforce the bank’s global strategy, although near-term financial effects are unclear. Citigroup opens representative office in Guyana
• Negative Sentiment: Citi analysts warned that markets may be underestimating the risk of a slower artificial-intelligence investment cycle. A broader decline in earnings expectations or risk appetite could weigh on financial stocks, even though the warning is not specific to Citi’s operations. Citigroup warns on AI-driven market gains

About Citigroup

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.

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