Citigroup (NYSE:C) Stock Price Target Cut by UBS Group

Key Points

• UBS Group cut Citigroup’s price target to $139 from $142 while maintaining a neutral rating, implying about 8.3% upside from the stock’s $128.38 price. The analyst consensus remains “Moderate Buy,” with an average target of $149.06.
• Citigroup’s latest quarterly results exceeded expectations, with EPS of $3.15 versus the $2.74 consensus and revenue of $24.77 billion, up 14.5% year over year.
• Investors are watching upcoming earnings and broader banking-sector pressures, including interest rates, net interest income, trading performance and credit quality. Citi is also expanding its token-services platform into Japan and the UAE, potentially supporting longer-term Services growth.

Citigroup (NYSE:C - Get Free Report) had its target price lowered by stock analysts at UBS Group from $142.00 to $139.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price target indicates a potential upside of 8.28% from the company's current price.

C has been the subject of a number of other reports. Oppenheimer lowered Citigroup from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 30th. Bank of America raised their target price on Citigroup from $170.00 to $176.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Morgan Stanley lifted their target price on Citigroup from $154.00 to $164.00 and gave the company an "overweight" rating in a research report on Monday, June 29th. HSBC started coverage on Citigroup in a report on Monday, September 28th. They set a "buy" rating and a $164.00 price target for the company. Finally, Weiss Ratings lowered Citigroup from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and an average price target of $149.06.

Citigroup Stock Down 0.1%

C traded down $0.17 during trading on Monday, hitting $128.38. 9,459,296 shares of the company's stock were exchanged, compared to its average volume of 12,520,150. Citigroup has a fifty-two week low of $93.66 and a fifty-two week high of $147.96. The stock has a market cap of $218.96 billion, a P/E ratio of 13.86, a PEG ratio of 0.57 and a beta of 1.13. The business's 50 day moving average is $133.98 and its two-hundred day moving average is $130.92. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The firm had revenue of $24.77 billion during the quarter, compared to analysts' expectations of $23.74 billion. During the same period last year, the company earned $1.96 earnings per share. The business's revenue was up 14.5% on a year-over-year basis. As a group, equities analysts expect that Citigroup will post 11.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Citigroup

Large investors have recently modified their holdings of the stock. Paladin Partners LLC bought a new stake in shares of Citigroup in the second quarter valued at $27,000. Pin Oak Investment Advisors Inc. bought a new stake in Citigroup in the 2nd quarter valued at about $29,000. Whipplewood Advisors LLC purchased a new stake in Citigroup during the first quarter valued at about $25,000. TD Capital Management LLC purchased a new stake in Citigroup during the fourth quarter valued at about $28,000. Finally, IMG Wealth Management Inc. boosted its position in Citigroup by 197.6% during the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company's stock worth $28,000 after purchasing an additional 162 shares during the period. 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 is expanding its Citi Token Services platform into Japan and the United Arab Emirates, extending its digital payments and cross-border transaction network. The move could support longer-term growth in the company’s Services business. Citigroup’s Japan and UAE Token Push
• Positive Sentiment: Analysts expect earnings growth when Citigroup reports on October 13, and the bank’s history of exceeding estimates is fueling expectations for another potential earnings beat. Strong results or an upbeat outlook could provide a catalyst for the stock. Citigroup Reports Q3 Earnings on October 13
• Neutral Sentiment: Citigroup is reportedly fast-tracking junior bankers to compete for talent. The strategy may improve investment-banking capabilities over time, although it could also increase compensation and operating expenses in the near term. Citigroup Fast-Tracks Junior Bankers
• Negative Sentiment: The stock remains exposed to a broader yield-driven bank selloff, making investors particularly focused on net interest income, trading performance, credit quality and management’s guidance at the upcoming report. This sector pressure appears to be the main near-term drag despite Citigroup-specific growth initiatives. What Citigroup’s Stock Needs to Show

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City and listed on the New York Stock Exchange under the symbol C. Through its subsidiaries and businesses, Citi provides banking, lending, investment, payments, wealth management and other financial services to consumers, businesses, governments and institutional clients.

Citi's principal businesses include Services, which supports institutional clients with treasury, trade, securities services and related solutions; Markets, which provides sales, trading, research and financing services; Banking, which offers investment banking and corporate banking; and Wealth, which provides private banking and wealth management.

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