Citigroup Inc. (NYSE:C) Stock Has Consensus Target Price of $145.22 According to Analysts

Key Points

• Analysts maintain a positive outlook: Eighteen analysts give Citigroup a consensus “Moderate Buy” rating, with 13 buys, four holds and one strong buy. The average 12-month price target is $145.22.
• Citigroup exceeded quarterly expectations, reporting $3.15 in EPS versus the $2.74 consensus and revenue of $24.77 billion, up 14.5% year over year.
• The company raised its quarterly dividend to $0.67 per share, equivalent to an annualized $2.68 payout and an approximately 2.0% yield; institutional investors own 71.72% of the stock.

Citigroup Inc. (NYSE:C - Get Free Report) has received an average recommendation of "Moderate Buy" from the eighteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $145.22.

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $150.00 price target on shares of Citigroup in a report on Wednesday, July 15th. UBS Group dropped their price objective on shares of Citigroup from $150.00 to $142.00 and set a "neutral" rating for the company in a research note on Monday, August 3rd. Morgan Stanley raised their target price on shares of Citigroup from $154.00 to $164.00 and gave the company an "overweight" rating in a research report on Monday, June 29th. Zacks Research cut shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. Finally, Wells Fargo & Company upped their price target on shares of Citigroup from $162.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, June 18th.

Citigroup Price Performance

Citigroup stock opened at $134.27 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup has a 52 week low of $93.66 and a 52 week high of $147.96. The stock has a market capitalization of $229.02 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 0.59 and a beta of 1.12. The stock has a fifty day moving average of $134.27 and a 200-day moving average of $129.83.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.41. The business had revenue of $24.77 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.Citigroup's revenue was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $1.96 earnings per share. On average, sell-side analysts expect that Citigroup will post 11.2 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were given a dividend of $0.67 per share. The ex-dividend date was Monday, August 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 2.0%. This is an increase from Citigroup's previous quarterly dividend of $0.60. Citigroup's dividend payout ratio is presently 28.94%.

Hedge Funds Weigh In On Citigroup

Large investors have recently bought and sold shares of the company. QRG Capital Management Inc. raised its holdings in Citigroup by 7.5% in the 2nd quarter. QRG Capital Management Inc. now owns 404,784 shares of the company's stock valued at $56,560,000 after buying an additional 28,171 shares during the last quarter. Andra AP fonden boosted its position in Citigroup by 22.3% during the 2nd quarter. Andra AP fonden now owns 274,600 shares of the company's stock worth $38,433,000 after buying an additional 50,100 shares during the period. State Street Corp grew its holdings in Citigroup by 3.7% during the 2nd quarter. State Street Corp now owns 80,956,349 shares of the company's stock worth $11,199,986,000 after acquiring an additional 2,913,701 shares during the last quarter. Smith Chas P & Associates PA Cpas bought a new stake in Citigroup during the 2nd quarter worth approximately $232,000. Finally, Talon Private Wealth LLC increased its position in Citigroup by 0.8% in the 2nd quarter. Talon Private Wealth LLC now owns 30,179 shares of the company's stock valued at $4,224,000 after acquiring an additional 235 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Wall Street analysts continue to view Citigroup as a buy, with the bank’s valuation, earnings growth, and improving performance in institutional businesses supporting the bullish case. Wall Street Analysts See Citigroup as a Buy
• Positive Sentiment: Citi said it would add equity exposure on market pullbacks and remains overweight U.S. stocks, signaling confidence in the broader economic and market environment that supports investment-banking and trading activity. Citi Says Buy Any Pullback in Stocks
• Positive Sentiment: Citigroup is considering an expanded financial partnership with Azerbaijan’s SOCAR, potentially creating additional corporate-finance and banking opportunities, although no specific transaction was announced. SOCAR and Citigroup Mull Expanding Financial Partnership
• Positive Sentiment: The launch of Citi Premium Boost offers higher savings rates to customers who deepen their banking and investment relationships with Citi. The initiative could help attract deposits and client assets, though the cost of incentives may weigh on spreads. Citi Launches Premium Boost
• Neutral Sentiment: Citigroup disclosed that its direct voting stake in Solvay fell below 3%, triggering a Belgian transparency notice. The filing appears administrative and is unlikely to materially affect Citigroup’s earnings. Citigroup Cuts Stake Below 3% in Solvay
• Neutral Sentiment: Citi’s downgrade of Dropbox to Sell drew attention to the bank’s research activity but affects Dropbox (DBX), not Citigroup’s own fundamentals. Dropbox Shares Fall After Citigroup Downgrade

Citigroup Company Profile

Citigroup Inc NYSE: C is a global financial services company headquartered in New York City. Through its businesses, Citi provides banking, lending, credit card, wealth management, investment banking, securities, markets and treasury services to individuals, businesses, financial institutions and governments.

The company's operations include U.S. Personal Banking, which offers consumer banking, credit cards and lending products; Wealth Management, which serves affluent and high-net-worth clients; and its Institutional Clients Group, which provides investment banking, corporate banking, markets, securities services and transaction banking.

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