Citigroup (NYSE:C) Price Target Raised to $118.00

Key Points

• Citigroup's price target has been raised by Keefe, Bruyette & Woods from $112.00 to $118.00, indicating a potential upside of 22.66% from the stock's previous close.
• In addition to Keefe, other analysts like Wells Fargo and Truist have also increased their price targets, with Wells Fargo setting it at $125.00.
• Citigroup reported $1.86 earnings per share for the quarter, missing analysts' estimates, despite revenue rising by 9.3% year-over-year to $22.09 billion.

Citigroup (NYSE:C - Get Free Report) had its price target boosted by research analysts at Keefe, Bruyette & Woods from $112.00 to $118.00 in a report issued on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price points to a potential upside of 22.66% from the stock's previous close.

Other equities analysts have also recently issued research reports about the stock. Piper Sandler raised their target price on shares of Citigroup from $107.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday. Wells Fargo & Company raised their target price on shares of Citigroup from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Tuesday, September 16th. Truist Financial lifted their price objective on shares of Citigroup from $105.00 to $112.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Barclays boosted their target price on shares of Citigroup from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, TD Cowen boosted their target price on shares of Citigroup from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $107.63.

Citigroup Stock Down 3.6%

Shares of NYSE:C opened at $96.20 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup has a 1-year low of $55.51 and a 1-year high of $105.59. The company's fifty day moving average is $97.50 and its two-hundred day moving average is $84.44. The stock has a market capitalization of $177.09 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 0.87 and a beta of 1.37.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.89 by ($0.03). Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. During the same period in the prior year, the business earned $1.51 EPS. The business's revenue was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities analysts anticipate that Citigroup will post 7.53 EPS for the current year.

Institutional Trading of Citigroup

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Advisory Group LLC raised its holdings in shares of Citigroup by 20.8% in the 1st quarter. Private Advisory Group LLC now owns 69,581 shares of the company's stock worth $4,940,000 after purchasing an additional 11,978 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Citigroup by 109.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company's stock valued at $88,458,000 after acquiring an additional 649,807 shares during the period. Brighton Jones LLC lifted its position in shares of 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 acquiring an additional 12,499 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new stake in shares of Citigroup in the 1st quarter valued at approximately $214,000. Finally, Hayek Kallen Investment Management lifted its position in shares of Citigroup by 125.0% in the 1st quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company's stock valued at $1,103,000 after acquiring an additional 8,630 shares in the last quarter. 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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