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Citigroup - C Stock Forecast, Price & News

$53.55
-0.21 (-0.39%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$53.04
$53.72
50-Day Range
$44.14
$54.38
52-Week Range
$43.44
$73.90
Volume
10.31 million shs
Average Volume
24.90 million shs
Market Capitalization
$103.71 billion
P/E Ratio
6.85
Dividend Yield
3.79%
Price Target
$62.95

Citigroup MarketRank™ Forecast

Analyst Rating
Hold
2.41 Rating Score
Upside/​Downside
17.6% Upside
$62.95 Price Target
Short Interest
Healthy
2.01% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.36
Upright™ Environmental Score
News Sentiment
0.22mentions of Citigroup in the last 14 days
Based on 41 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.37%
From $7.31 to $7.21 Per Share

Overall MarketRank

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

3.17 out of 5 stars

Finance Sector

40th out of 914 stocks

National Commercial Banks Industry

6th out of 88 stocks

C stock logo

About Citigroup (NYSE:C) Stock

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, Citi-branded cards, and Citi retail services. It also provides various banking, credit card, lending, and investment services through a network of local branches, offices, and electronic delivery systems. The ICG segment offers wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative, equity and fixed income research, corporate lending, investment banking and advisory, private banking, cash management, trade finance, and securities services to corporate, institutional, public sector, and high-net-worth clients. As of December 31, 2020, it operated 2,303 branches primarily in the United States, Mexico, and Asia. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York.

Citigroup Stock Performance

Shares of NYSE:C opened at $53.76 on Thursday. Citigroup has a 1-year low of $43.44 and a 1-year high of $73.90. The business has a 50-day moving average price of $49.40 and a two-hundred day moving average price of $53.38. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $104.12 billion, a P/E ratio of 6.87, a P/E/G ratio of 0.67 and a beta of 1.60.

Citigroup (NYSE:C - Get Rating) last announced its quarterly earnings results on Friday, July 15th. The company reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.63. Citigroup had a net margin of 20.06% and a return on equity of 10.25%. The firm had revenue of $19.64 billion for the quarter, compared to analyst estimates of $18.32 billion. During the same quarter in the previous year, the firm posted $2.84 earnings per share. The business's revenue was up 10.6% on a year-over-year basis. Equities analysts predict that Citigroup will post 7.24 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Monday, August 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Friday, July 29th. Citigroup's dividend payout ratio is presently 26.09%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on C shares. Royal Bank of Canada decreased their price target on shares of Citigroup from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Monday, June 27th. Cfra reiterated a "buy" rating and set a $62.00 target price on shares of Citigroup in a research note on Friday, July 15th. Piper Sandler decreased their price target on shares of Citigroup from $70.00 to $62.00 and set an "overweight" rating on the stock in a research report on Friday, July 1st. Oppenheimer upped their price objective on shares of Citigroup from $81.00 to $86.00 and gave the company an "outperform" rating in a research report on Monday, July 18th. Finally, Jefferies Financial Group lowered their price target on Citigroup from $54.00 to $48.00 in a research note on Monday, July 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $62.95.

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C Stock News Headlines

Hong Kong seeks citizens caught in Southeast Asia scams
Hong Kong officials say they are seeking the return of citizens who traveled to Southeast Asia for jobs that entrapped them in scams and virtual slavery
Top TikToker Khaby Lame finally gets Italian citizenship
The 22-year-old king of TikTok finally has another title: Italian
Russia Ignites West's Battle for Energy Independence
Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. Western countries are now scrambling for stable, renewable energy. World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence.
Colorado River cuts expected for Arizona, Nevada and Mexico
Federal officials on Tuesday are expected to announce water cuts that would further reduce how much Colorado River water some users in the seven U.S. states reliant on the river and Mexico receive
3 Blowout Earnings Reports That Could Mark Turning Points (C)
Based on the market’s reactions, we could someday look back at Q2 earnings as a major inflection point for these three stocks.
Axios Media is sold to Cox Enterprises
Axios Media is being acquired by Cox Enterprises, which says it plans to push the online news provider into new markets while broadening its coverage
China finds more COVID cases after locking down beach resort
Another 259 COVID-19 cases have been reported in the southern Chinese island province of Hainan
COVID cases rise in China's Hainan, tourists stranded
Another 259 COVID-19 cases have been reported in the southern Chinese island province of Hainan
Russia Ignites West's Battle for Energy Independence
Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. Western countries are now scrambling for stable, renewable energy. World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence.
Indian police block opposition protests over price increases
Indian police have detained dozens of lawmakers from the opposition Congress party, including key leader Rahul Gandhi, as they attempted to march to the president’s palace and prime minister’s residence to protest soaring food and fuel prices and an increase in the goods and services tax
This Megabank Is a Megabuy After Earnings
Why Apple Shares May Have Room to Move Higher After Earnings (C)
Apple's solid earnings report is showing that in terms of the company's iPhone, what consumers do may be more important than what they say
Citigroup Whale Trades For August 17
Citi Group downgrades Weber stock to sell
Syria Denies US Journalist Is In Its Custody
SCA Property Group PT Raised to AUD3.20 at Citi
See More Headlines
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C Company Calendar

Ex-Dividend for 5/27 Dividend
4/29/2022
Dividend Payable
5/27/2022
Last Earnings
7/15/2022
Ex-Dividend for 8/26 Dividend
7/29/2022
Today
8/18/2022
Dividend Payable
8/26/2022
Next Earnings (Estimated)
10/13/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Employees
223,400
Year Founded
1812

Price Target and Rating

Average Stock Price Forecast
$62.95
High Stock Price Forecast
$86.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
+17.6%
Consensus Rating
Hold
Rating Score (0-4)
2.41
Research Coverage
17 Analysts

Profitability

Net Income
$21.95 billion
Pretax Margin
25.38%

Debt

Sales & Book Value

Annual Sales
$79.87 billion
Cash Flow
$13.42 per share
Book Value
$93.27 per share

Miscellaneous

Outstanding Shares
1,936,710,000
Free Float
1,935,161,000
Market Cap
$103.71 billion
Optionable
Optionable
Beta
1.60

Social Links


Key Executives

  • Ms. Jane Nind FraserMs. Jane Nind Fraser (Age 54)
    CEO & Director
    Comp: $9.33M
  • Mr. Mark A.L. Mason (Age 52)
    Chief Financial Officer
    Comp: $6.26M
  • Mr. Paco Ybarra (Age 60)
    Chief Exec. Officer of Institutional Clients Group
    Comp: $13.68M
  • Mr. Peter Babej (Age 58)
    Chief Exec. Officer of Asia-Pacific
    Comp: $6.07M
  • Engineer Ernesto Torres Cantú (Age 58)
    Chief Exec. Officer of Latin America
    Comp: $5.3M
  • Mr. Sanford I. Weill (Age 88)
    Chairman Emeritus and Sr. Advisor
  • Mr. Michael Whitaker (Age 58)
    Head of Enterprise Operations & Technology
  • Mr. David R. Bailin
    Chief Investment Officer & Global Head of Investments
  • Mr. Johnbull E. Okpara (Age 50)
    Chief Accounting Officer & Controller
  • Mr. Manolo Falco
    Co-Head of Investment Banking













C Stock - Frequently Asked Questions

Should I buy or sell Citigroup stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Citigroup in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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.
View C analyst ratings
or view top-rated stocks.

What is Citigroup's stock price forecast for 2022?

17 brokerages have issued twelve-month target prices for Citigroup's shares. Their C share price forecasts range from $46.00 to $86.00. On average, they expect the company's stock price to reach $62.95 in the next year. This suggests a possible upside of 17.6% from the stock's current price.
View analysts price targets for C
or view top-rated stocks among Wall Street analysts.

How have C shares performed in 2022?

Citigroup's stock was trading at $60.39 at the beginning of 2022. Since then, C stock has decreased by 11.3% and is now trading at $53.55.
View the best growth stocks for 2022 here
.

Are investors shorting Citigroup?

Citigroup saw a decline in short interest in July. As of July 31st, there was short interest totaling 38,930,000 shares, a decline of 16.6% from the July 15th total of 46,660,000 shares. Based on an average daily trading volume, of 22,640,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.0% of the shares of the stock are sold short.
View Citigroup's Short Interest
.

When is Citigroup's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 13th 2022.
View our C earnings forecast
.

How were Citigroup's earnings last quarter?

Citigroup Inc. (NYSE:C) announced its quarterly earnings data on Friday, July, 15th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.63. The business had revenue of $19.64 billion for the quarter, compared to analyst estimates of $18.32 billion. Citigroup had a trailing twelve-month return on equity of 10.25% and a net margin of 20.06%. The firm's revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.84 earnings per share.
Read the conference call transcript
.

How often does Citigroup pay dividends? What is the dividend yield for Citigroup?

Citigroup declared a quarterly dividend on Thursday, July 21st. Investors of record on Monday, August 1st will be given a dividend of $0.51 per share on Friday, August 26th. This represents a $2.04 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Friday, July 29th.
Read our dividend analysis for C
.

Is Citigroup a good dividend stock?

Citigroup (NYSE:C) pays an annual dividend of $2.04 per share and currently has a dividend yield of 3.79%. The dividend payout ratio is 26.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, C will have a dividend payout ratio of 28.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for C.

What is Michael Corbat's approval rating as Citigroup's CEO?

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.

What other stocks do shareholders of Citigroup own?

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).

What is Citigroup's stock symbol?

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

Who are Citigroup's major shareholders?

Citigroup's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State Street Corp (4.43%), Northern Trust Corp (1.12%), Massachusetts Financial Services Co. MA (0.98%), Price T Rowe Associates Inc. MD (0.86%), Artisan Partners Limited Partnership (0.81%) and Pzena Investment Management LLC (0.77%). Insiders that own company stock include Cantu Ernesto Torres, Gary M Reiner, Michael Whitaker and Sara Wechter.
View institutional ownership trends
.

How do I buy shares of Citigroup?

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.
Compare Top Brokerages Here.

What is Citigroup's stock price today?

One share of C stock can currently be purchased for approximately $53.55.

How much money does Citigroup make?

Citigroup (NYSE:C) has a market capitalization of $103.71 billion and generates $79.87 billion in revenue each year. The company earns $21.95 billion in net income (profit) each year or $7.82 on an earnings per share basis.

How many employees does Citigroup have?

The company employs 223,400 workers across the globe.

Does Citigroup have any subsidiaries?
The following companies are subsidiares of Citigroup: CitiFinancial Credit Company, AO Citibank, Acciones y Valores Banamex S.A. de C.V. Casa de Bolsa Integrante del Grupo Financiero Banamex, Afore Banamex S.A. de C.V., Associates Financial Services (Mauritius) LLC, Associates First Capital Corporation, Automated Trading Desk, Banco Citibank S.A., Banco Nacional de Mexico S.A., Bank Handlowy w Warszawie S.A., COHM Overseas Mexico Holding S. de R.L. de C.V., Citi GSCP Inc., Citi Investments Bahamas Ltd., Citi Niagara LLC, Citi Overseas Holdings Bahamas Limited, Citi Overseas Investments Bahamas Inc., Citi Real Estate Funding Inc., Citi Retail Services LLC, CitiMortgage Inc., Citibank (China) Co. Ltd., Citibank (Hong Kong) Limited, Citibank (Switzerland) AG, Citibank Anonim Sirketi, Citibank Berhad, Citibank Canada, Citibank Colombia S.A., Citibank Europe plc, Citibank Holdings Ireland Limited, Citibank Kazakhstan JSC, Citibank Korea Inc., Citibank N.A., Citibank Nigeria Limited, Citibank Overseas Investment Corporation, Citibank Singapore Limited, Citibank Taiwan Ltd., Citibank del Peru S.A., Citibank-Distribuidora de Titulos e Valores Mobiliarios S.A., Citicorp (Mexico) Holdings LLC, Citicorp Banking Corporation, Citicorp Credit Services Inc. (USA), Citicorp Finance (India) Limited, Citicorp Funding Inc., Citicorp Home Mortgage Services Inc., Citicorp International Limited, Citicorp Investment Bank (Singapore) Limited, Citicorp LLC, Citicorp Securities Services Inc., Citicorp Services India Private Limited, Citicorp USA Inc., Citigroup Alternative Investments LLC, Citigroup Asia Pacific Holding LLC, Citigroup BUSA Holdings Inc., Citigroup Capital Partners Mexico S. de R.L. de C.V., Citigroup Chile S.A., Citigroup Finance Canada ULC, Citigroup Financial Products Inc., Citigroup Global Markets Deutschland AG, Citigroup Global Markets Europe Finance Limited, Citigroup Global Markets Finance Corporation & Co. beschrankt haftende KG, Citigroup Global Markets Holdings Bahamas Limited, Citigroup Global Markets Holdings Inc., Citigroup Global Markets Inc., Citigroup Global Markets India Private Limited, Citigroup Global Markets Japan Inc., Citigroup Global Markets Korea Securities Limited, Citigroup Global Markets Limited, Citigroup Global Markets Operations and Technology LLC, Citigroup Global Markets Realty Corp., Citigroup Global Markets Switzerland Holding GmbH, Citigroup Global Markets Taiwan Securities Company Limited, Citigroup Holding (Singapore) Private Limited, Citigroup International Luxembourg Limited, Citigroup Investments Inc., Citigroup Japan Holdings G.K., Citigroup Netherlands B.V., Citigroup Niagara Holdings LLC, Citigroup Participation Luxembourg Limited, Citigroup Pty Limited, Citigroup Technology Inc., European American Bank, Grupo Financiero Banamex S.A. de C.V., Grupo Financiero Citibanamex S.A. de C.V., Holding BUSA II S. de R.L. de C.V., Holding BUSA S. de R.L. de C.V., Impulsora de Fondos Banamex S.A. de C.V. Sociedad Operadora de Sociedades de Inversion, Koram Bank, Latin American Investment Bank Bahamas Limited, Pipestone Investments LLC, Public Joint Stock Company "Citibank", Quilter Cheviot, Seguros Banamex S.A. de C.V. Integrante del Grupo Financiero Banamex, Seven World Holdings LLC, TRV Holdings LLC, TRV Investments LLC, Tarjetas Banamex S.A. de C.V. SOFOM E.R., The BISYS Group, and Yonder Investment Corporation.
Read More
When was Citigroup founded?

Citigroup was founded in 1812.

How can I contact Citigroup?

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.

This page (NYSE:C) was last updated on 8/18/2022 by MarketBeat.com Staff

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