NYSE:C

Citigroup (C) Stock Forecast, Price & News

$46.32

+1.48 (+3.30%)

(As of 06/2/2023 ET)

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Today's Range: $45.36
▼
$46.68
50-Day Range: $44.23
▼
$50.40
52-Week Range: $40.01
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$54.56

Volume: 19.46 million shs
Average Volume: 13.36 million shs
Market Capitalization: $90.17 billion

P/E Ratio: 6.46
Dividend Yield: 4.40%
Price Target: $54.68

Citigroup MarketRank™ Forecast

Analyst Rating: Hold
2.35 Rating Score
Upside/Downside: 18.0% Upside
$54.68 Price Target
Short Interest: Healthy
1.56% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.58
Upright™ Environmental Score
News Sentiment: 0.40
Based on 40 Articles This Week
Insider Trading: Selling Shares
$598,440 Sold Last Quarter
Proj. Earnings Growth: 4.51%
From $5.99 to $6.26 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.86 out of 5 stars

Finance Sector

192nd out of 874 stocks

National Commercial Banks Industry

29th out of 84 stocks

3.2

Analyst's Opinion

Consensus Rating
Citigroup has received a consensus rating of Hold. The company's average rating score is 2.35, and is based on 7 buy ratings, 9 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $54.68, Citigroup has a forecasted upside of 18.0% from its current price of $46.32.
Amount of Analyst Coverage
Citigroup has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.56% of the float of Citigroup has been sold short.
Short Interest Ratio / Days to Cover
Citigroup has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Citigroup has recently decreased by 1.11%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Citigroup is a leading dividend payer. It pays a dividend yield of 4.55%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Citigroup does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Citigroup is 28.45%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Citigroup will have a dividend payout ratio of 32.59% next year. This indicates that Citigroup will be able to sustain or increase its dividend.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Citigroup has received a 26.16% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages", "Credit cards", and "Consumer deposit accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for Citigroup is -0.58.

1.3

News and Social Media Coverage

News Sentiment
Citigroup has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 40 news articles for Citigroup this week, compared to 49 articles on an average week.
Search Interest
Only 80 people have searched for C on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.
MarketBeat Follows
Only 28 people have added Citigroup to their MarketBeat watchlist in the last 30 days. This is a decrease of -28% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Citigroup insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $598,440.00 in company stock.
Percentage Held by Insiders
Only 0.09% of the stock of Citigroup is held by insiders.
Percentage Held by Institutions
70.90% of the stock of Citigroup is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Citigroup are expected to grow by 4.51% in the coming year, from $5.99 to $6.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Citigroup is 6.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.68.
Price to Earnings Ratio vs. Sector
The P/E ratio of Citigroup is 6.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 157.24.
Price to Earnings Growth Ratio
Citigroup has a PEG Ratio of 1.46. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Citigroup has a P/B Ratio of 0.48. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Citigroup (NYSE:C) Stock

Citigroup Inc. is one of the world’s largest financial institutions. It is the 13th largest bank globally by assets and 8th by market cap with operations in consumer and institutional banking. In the US, Citigroup is the 3rd largest bank by assets and one of the Big Four deemed systemically important and “too big to fail”.

Citigroup Inc. was founded in 1812 as the City Bank of New York. The bank was run by Samuel Osgood who led the company with success for many years, even throughout the War of 1812. The bank was later renamed the National City Bank of New York in 1865 and by 1895 is the largest bank in the US. In 1913 it was the first contributor to the Federal Reserve Bank of New York and a few years later it began to expand into overseas territories.

The bank became the First National City Bank of New York after another merger in 1955 and then later, the “New York” part was dropped off as part of the 150th-anniversary celebration. By 1974 the company is known as Citicorp which is still the operational branch of the business and a global banking powerhouse. A merger with Travelers insurance group in 1998 resulted in the name Citigroup but the joint venture did not last. By 2002 Travelers was publicly traded once again but Citigroup retained the new name.

Today, the company is headquartered in New York, New York but boasts more than 200 million customer accounts in 160 countries worldwide. As of mid-2022, it operated 2,649 branches in the United States, Mexico, and Asia. The company reports nearly 725 branches in the US and 1499 in Mexico with the rest scattered throughout its territory. Total annual revenue topped $75 billion in 2022.

Citigroup is a diversified financial services holding company that owns Citicorp among other assets. The company’s mission is to serve as a trusted partner providing responsible financial solutions to its clients. Citigroup provides financial products and services to consumers, corporations, governments, and institutions. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

The GCB segment offers traditional banking services including deposit and saving accounts, credit cards, personal loans, home loans, and investment services. This segment operates through local branches and digital means. The ICG segment offers wholesale banking products and services to corporate, institutional, public sector, and high-net-worth clients.

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