Citigroup's (C) "Buy (B)" Rating Reiterated at Weiss Ratings

Key Points

• Citigroup's stock has been reaffirmed with a "buy" rating by Weiss Ratings, indicating continued positive sentiment from analysts regarding the company's potential.
• There has been a mix of ratings from different analysts, with TD Cowen and others adjusting their price targets, leading to an average consensus target price of $107.63 for Citigroup.
• Citigroup reported a quarterly earnings miss with an EPS of $1.86, slightly below the analyst consensus of $1.89, despite a year-over-year revenue increase of 9.3% to $22.09 billion.

Citigroup (NYSE:C - Get Free Report)'s stock had its "buy (b)" rating reissued by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Other research analysts have also issued reports about the company. TD Cowen upped their price objective on Citigroup from $105.00 to $110.00 and gave the company a "hold" rating in a report on Wednesday, October 15th. Wall Street Zen upgraded Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Barclays raised their price target on Citigroup from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 15th. Wells Fargo & Company raised their price target on Citigroup from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 16th. Finally, Zacks Research cut Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Citigroup currently has an average rating of "Moderate Buy" and a consensus target price of $107.63.

Citigroup Stock Performance

NYSE C traded up $2.08 on Friday, reaching $98.77. The stock had a trading volume of 11,863,015 shares, compared to its average volume of 14,212,386. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a fifty day moving average of $97.93 and a two-hundred day moving average of $85.86. Citigroup has a 1-year low of $55.51 and a 1-year high of $105.59. The company has a market cap of $181.82 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.81 and a beta of 1.37.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisory Group LLC increased its stake in shares of Citigroup by 20.8% in the first quarter. Private Advisory Group LLC now owns 69,581 shares of the company's stock valued at $4,940,000 after buying an additional 11,978 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Citigroup by 109.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,246,061 shares of the company's stock worth $88,458,000 after acquiring an additional 649,807 shares during the period. Brighton Jones LLC lifted its stake in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after acquiring an additional 12,499 shares during the period. Onyx Bridge Wealth Group LLC bought a new stake in Citigroup in the first quarter worth approximately $214,000. Finally, Hayek Kallen Investment Management increased its holdings in Citigroup by 125.0% in the first quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company's stock worth $1,103,000 after purchasing an additional 8,630 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

About Citigroup

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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