Citigroup (C) Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Citigroup in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 6 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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14 equities research analysts have issued twelve-month price targets for Citigroup's shares. Their C share price forecasts range from $43.00 to $85.00. On average, they expect the company's stock price to reach $52.75 in the next year. This suggests a possible upside of 24.7% from the stock's current price.
View analysts price targets for C or view top-rated stocks among Wall Street analysts.

Citigroup's stock was trading at $45.23 at the beginning of the year. Since then, C shares have decreased by 6.5% and is now trading at $42.30.
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Citigroup saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 24,260,000 shares, an increase of 8.8% from the July 31st total of 22,290,000 shares. Based on an average daily volume of 16,050,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.3% of the company's shares are short sold.
View Citigroup's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 13th 2023.
View our C earnings forecast.

Citigroup will be holding an earnings conference call on Friday, October 13th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Citigroup Inc. (NYSE:C) posted its earnings results on Friday, July, 14th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.02. The firm had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $19.34 billion. Citigroup had a trailing twelve-month return on equity of 6.80% and a net margin of 10.24%. Citigroup's quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the company posted $2.30 EPS.
Read the conference call transcript.

Citigroup announced a quarterly dividend on Thursday, July 20th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.53 per share on Friday, August 25th. This represents a $2.12 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date is Friday, August 4th. This is an increase from the stock's previous quarterly dividend of $0.51.
Read our dividend analysis for C.

ETFs with the largest weight of Citigroup (NYSE:C) stock in their portfolio include First Trust Nasdaq Bank ETF (FTXO), Invesco S&P Ultra Dividend Revenue ETF (RDIV), Invesco KBW Bank ETF (KBWB), Invesco S&P 500 Enhanced Value ETF (SPVU), Roundhill BIG Bank ETF (BIGB), First Trust Morningstar Dividend Leaders Index (FDL), Sound Equity Dividend Income ETF (DIVY) and Sound Equity Income ETF (SDEI).

Citigroup (NYSE:C) pays an annual dividend of $2.12 per share and currently has a dividend yield of 4.97%. C has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, C will have a dividend payout ratio of 35.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for C.

Citigroup issued an update on its earnings guidance on Tuesday, July, 18th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $78.00 billion-$79.00 billion, compared to the consensus revenue estimate of $78.86 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 a variety of retail and institutional investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (28.03%), BlackRock Inc. (8.39%), State Street Corp (4.31%), Geode Capital Management LLC (1.85%), Fisher Asset Management LLC (1.39%) and Bank of New York Mellon Corp (1.35%). Insiders that own company stock include Cantu Ernesto Torres, Citigroup Inc, Gary M Reiner, Michael Whitaker, Sara Wechter, Titilope Cole and Zdenek Turek.
View institutional ownership trends.

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 $42.30.

Citigroup (NYSE:C) has a market capitalization of $82.35 billion and generates $101.08 billion in revenue each year. The company earns $14.85 billion in net income (profit) each year or $6.31 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.