Citigroup (C) Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Citigroup in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" C shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in C, but not buy additional shares or sell existing shares.
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17 brokers have issued 12-month price objectives for Citigroup's stock. Their C share price forecasts range from $45.00 to $78.00. On average, they anticipate the company's stock price to reach $54.79 in the next year. This suggests a possible upside of 15.3% from the stock's current price.
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Citigroup's stock was trading at $45.23 at the start of the year. Since then, C stock has increased by 5.0% and is now trading at $47.51.
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The company is scheduled to release its next quarterly earnings announcement on Friday, July 14th 2023.
View our C earnings forecast.

Citigroup will be holding an earnings conference call on Friday, July 14th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Citigroup Inc. (NYSE:C) issued its earnings results on Friday, April, 14th. The company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.66 by $0.53. The business earned $21.40 billion during the quarter, compared to analysts' expectations of $20.07 billion. Citigroup had a trailing twelve-month return on equity of 7.84% and a net margin of 12.96%. The business's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.02 earnings per share.
Read the conference call transcript.

Citigroup declared a quarterly dividend on Monday, April 3rd. Stockholders of record on Monday, May 1st will be paid a dividend of $0.51 per share on Friday, May 26th. This represents a $2.04 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Friday, April 28th.
Read our dividend analysis for C.

ETFs with the largest weight of Citigroup (NYSE:C) stock in their portfolio include Invesco KBW Bank ETF (KBWB), First Trust Nasdaq Bank ETF (FTXO), Invesco S&P Ultra Dividend Revenue ETF (RDIV), Optimize AI Smart Sentiment Event-Driven ETF (OAIE), WBI Power Factor High Dividend ETF (WBIY), Invesco S&P 500 Enhanced Value ETF (SPVU), Roundhill BIG Bank ETF (BIGB) and FPA Global Equity ETF (FPAG).

Citigroup (NYSE:C) pays an annual dividend of $2.04 per share and currently has a dividend yield of 4.41%. C has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 28.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, C will have a dividend payout ratio of 32.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for C.

Citigroup updated its FY 2023 earnings guidance on Monday, April, 17th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $78.00 billion-$79.00 billion, compared to the consensus revenue estimate of $77.81 billion.

5,046 employees have rated Citigroup Chief Executive Officer Michael Corbat on Glassdoor.com. Michael Corbat has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Citigroup investors own include Bank of America (BAC), JPMorgan Chase & Co. (JPM), Alibaba Group (BABA), Intel (INTC), NVIDIA (NVDA), AT&T (T), Walt Disney (DIS), Wells Fargo & Company (WFC), General Electric (GE) and Micron Technology (MU).

Citigroup trades on the New York Stock Exchange (NYSE) under the ticker symbol "C."

Citigroup's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.38%), State Street Corp (4.24%), Berkshire Hathaway Inc (2.84%), Geode Capital Management LLC (1.81%), Bank of New York Mellon Corp (1.37%) and Susquehanna International Group LLP (0.00%). Insiders that own company stock include Cantu Ernesto Torres, Citigroup Inc, Gary M Reiner, Michael Whitaker, Sara Wechter, Titilope Cole and Zdenek Turek.
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Shares of C stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of C stock can currently be purchased for approximately $47.51.

Citigroup (NYSE:C) has a market capitalization of $92.49 billion and generates $101.08 billion in revenue each year. The company earns $14.85 billion in net income (profit) each year or $7.17 on an earnings per share basis.

The company employs 240,000 workers across the globe.

Citigroup's mailing address is 388 GREENWICH STREET, NEW YORK NY, 10013. The official website for the company is www.citigroup.com. The company can be reached via phone at (212) 559-1000, via email at investorrelations@citi.com, or via fax at 212-793-3946.