Citigroup (NYSE:C) Cut to "Hold" at Dbs Bank

Key Points

• Citigroup has been downgraded from a "moderate buy" rating to a "hold" rating by Dbs Bank, indicating a shift in analyst sentiment.
• Despite the downgrade, multiple firms such as Keefe, Bruyette & Woods and Goldman Sachs have maintained or increased their buy ratings, showing mixed views on the stock.
• Citigroup reported strong quarterly earnings, beating estimates with a revenue of $21.67 billion, reflecting an 8.2% year-over-year increase.

Citigroup (NYSE:C - Get Free Report) was downgraded by stock analysts at Dbs Bank from a "moderate buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

Several other research firms have also recently commented on C. Keefe, Bruyette & Woods reaffirmed a "buy" rating on shares of Citigroup in a report on Wednesday, July 16th. The Goldman Sachs Group upped their price objective on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Zacks Research lowered Citigroup from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. Finally, Bank of America upped their price objective on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Citigroup presently has an average rating of "Moderate Buy" and a consensus price target of $98.11.

Citigroup Trading Down 1.3%

Citigroup stock opened at $101.67 on Monday. The business has a 50 day moving average price of $95.93 and a two-hundred day moving average price of $81.34. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. The stock has a market cap of $187.16 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.41. Citigroup has a 12 month low of $55.51 and a 12 month high of $105.59.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. The firm had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 EPS. Citigroup has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Citigroup will post 7.53 EPS for the current year.

Insider Buying and Selling

In related news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director directly owned 2,140 shares in the company, valued at $193,456. This represents a 58.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of C. Brighton Jones LLC boosted its position in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after buying an additional 12,499 shares during the last quarter. Wood Tarver Financial Group LLC bought a new position in Citigroup in the 4th quarter valued at $42,000. Centaurus Financial Inc. boosted its position in Citigroup by 5.2% in the 4th quarter. Centaurus Financial Inc. now owns 9,038 shares of the company's stock valued at $636,000 after buying an additional 444 shares during the last quarter. 111 Capital bought a new position in Citigroup in the 4th quarter valued at $534,000. Finally, Mascagni Wealth Management Inc. bought a new position in Citigroup in the 4th quarter valued at $34,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

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