Citigroup Inc. (NYSE:C) Stock Has Consensus Price Target of $150.79 According to Analysts

Key Points

• Analysts maintain a bullish outlook: Eighteen brokerages give Citigroup a consensus “Moderate Buy” rating, with 14 buys, three holds and one strong buy. The average 12-month price target is $150.79 versus the reported share price of $122.56.
• Citigroup exceeded quarterly expectations: The bank reported earnings of $2.85 per share, beating estimates of $2.66, while revenue rose 7.9% year over year to $23.84 billion.
• Shareholders will receive a quarterly dividend: Citigroup declared a $0.67-per-share dividend, equivalent to $2.68 annually and a 2.2% yield; institutional investors currently own 71.72% of the stock.

Shares of Citigroup Inc. (NYSE:C - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eighteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $150.79.

C has been the subject of several research analyst reports. Loop Capital set a $155.00 price target on Citigroup in a research note on Tuesday, October 13th. UBS Group set a $148.00 price objective on Citigroup in a report on Wednesday, October 14th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Citigroup in a research note on Wednesday, October 14th. Morgan Stanley boosted their target price on Citigroup from $154.00 to $164.00 and gave the stock an "overweight" rating in a report on Monday, June 29th. Finally, Weiss Ratings cut Citigroup from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, October 2nd.

Institutional Investors Weigh In On Citigroup

Several institutional investors have recently bought and sold shares of C. Bank of New York Mellon Corp bought a new stake in shares of Citigroup in the 2nd quarter worth $3,244,602,000. Nykredit A S bought a new position in Citigroup during the second quarter valued at about $458,275,000. State Street Corp boosted its stake in Citigroup by 3.7% during the second quarter. State Street Corp now owns 80,956,349 shares of the company's stock valued at $11,199,986,000 after buying an additional 2,913,701 shares in the last quarter. SEB Asset Management AB acquired a new position in Citigroup during the first quarter worth about $252,972,000. Finally, OMERS ADMINISTRATION Corp grew its holdings in Citigroup by 1,137.1% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,840,374 shares of the company's stock worth $257,579,000 after acquiring an additional 1,691,611 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Morgan Stanley sees significant upside. The firm reportedly believes Citigroup’s recent decline was unjustified and estimates approximately 32% upside, potentially supporting the stock after its roughly 6% post-earnings drop. Morgan Stanley sees 32% Citigroup upside after brutal sell-off
• Positive Sentiment: Dividend declaration provides shareholder support. Citigroup’s board approved a quarterly common-stock dividend of $0.67 per share, payable November 25 to shareholders of record November 2. The board also approved dividends for 12 preferred-stock series, reinforcing the bank’s capital-return profile. Citigroup Declares Common Stock Dividend
• Positive Sentiment: Citi Commerce Media opens a potential growth avenue. The bank is using transaction data to help advertisers predict future purchases, creating a new commercial-data and advertising business that could diversify revenue beyond traditional banking. Advertisers Should Stop Chasing Customers, Start Predicting Purchases
• Neutral Sentiment: China access and AI restructuring remain watch points. U.S.-China discussions reportedly addressed Citigroup’s permissions in China, while Citi expanded its AI leadership team with external hires and internal promotions. Progress could improve long-term growth, but the financial impact remains uncertain. What Is Citigroup Signaling With China Talks And Its AI Reset?
• Neutral Sentiment: Citigroup crossed a 3% ownership threshold in Solvay. The disclosure reflects a financial-interest position, but it does not appear to materially affect Citigroup’s earnings outlook. Citigroup Lifts Stake Above 3% in Solvay

Citigroup Trading Up 0.7%

C stock opened at $122.56 on Wednesday. The company has a market cap of $209.03 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.53 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. The business has a fifty day simple moving average of $132.20 and a 200-day simple moving average of $132.05. Citigroup has a 52 week low of $95.00 and a 52 week high of $147.96.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.19. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The business had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same period last year, the company posted $1.86 EPS. The business's quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts expect that Citigroup will post 11.42 EPS for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 2nd will be issued a $0.67 dividend. The ex-dividend date is Monday, November 2nd. This represents a $2.68 annualized dividend and a yield of 2.2%. Citigroup's dividend payout ratio (DPR) is presently 26.15%.

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi's consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.

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