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NYSE:C

Citigroup - C Stock Forecast, Price & News

$47.24
-0.54 (-1.13%)
(As of 12/2/2022 05:07 PM ET)
Add
Compare
Today's Range
$46.81
$47.45
50-Day Range
$40.45
$50.19
52-Week Range
$40.01
$69.11
Volume
12.73 million shs
Average Volume
22.63 million shs
Market Capitalization
$91.50 billion
P/E Ratio
6.47
Dividend Yield
4.27%
Price Target
$58.60

Citigroup MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
24.0% Upside
$58.60 Price Target
Short Interest
Healthy
1.51% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.34
Upright™ Environmental Score
News Sentiment
-0.07mentions of Citigroup in the last 14 days
Based on 53 Articles This Week
Insider Trading
Selling Shares
$167.27 M Sold Last Quarter
Proj. Earnings Growth
-11.85%
From $7.09 to $6.25 Per Share

Overall MarketRank

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

3.01 out of 5 stars

Finance Sector

58th out of 910 stocks

National Commercial Banks Industry

10th out of 89 stocks

C stock logo

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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C Stock News Headlines

Drought-hit California cities to get little water from state
California water agencies that serve 27 million people will get just 5% of what they requested from the state to kick off 2023
South Dakota Gov. Noem bans TikTok from state-owned devices
South Dakota Gov. Kristi Noem has issued an executive order banning state employees and contractors from accessing the video platform TikTok on state-owned devices, citing its ties to China
South Korea orders striking cement truckers back to work
South Korea’s government has ordered some of the thousands of truck drivers who have been on strike to return to work, insisting that their nationwide walkout over freight fare issues is hurting an already weak economy
Russian energy giant says no further gas cuts to Moldova
Russian energy giant Gazprom announced Monday that it will not further reduce natural gas to Moldova as it had threatened to do after claiming that bills went unpaid and that flows crossing through Ukraine were not making it to Moldova
Alessandro Michele steps down as Gucci creative director
Alessandro Michele is leaving his role as creative director of the Gucci, the fashion house announced Wednesday, bringing an end to an eight-year tenure that sharply redefined Gucci’s codes with romanticism and gender-fluidity, all the while powering revenues for the Kering parent
Washington bans fish-farming net pens, citing salmon threat
Washington has banned fish-farming with net pens in state waters, citing danger to struggling native salmon
UK blocks chipmaker's sale to Chinese firm, citing security
The British government has blocked a Chinese-owned company’s takeover of a Wales-based microchip maker, calling it a risk to national security
Russian airstrikes reported in cities across Ukraine
Ukrainian officials are reporting Russian airstrikes on cities throughout the country, including on the capital, Kyiv, where residential buildings were left in flames
Russian strikes reported in cities across Ukraine
Ukrainian officials are reporting Russian airstrikes on cities throughout the country, including on the capital, Kyiv, where residential buildings were left in flames
Ukraine president accuses Russia of 'atrocities' in Kherson
Ukraine’s President Volodymyr Zelenskyy is accusing Russian forces of having committed “atrocities" in the southern region of Kherson that its forces have now partially abandoned
UPM-Kymmene OYJ PT Raised to EUR45 at Citi
Zhihu Inc PT Lowered to $2.20 at Citi
Hulic Co., Ltd PT Raised to JPY1,210 at Citi
Chinese cities announce further easing of COVID curbs
See More Headlines
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C Company Calendar

Last Earnings
10/14/2022
Ex-Dividend for 11/23 Dividend
11/04/2022
Dividend Payable
11/23/2022
Today
12/02/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/13/2023

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
$58.60
High Stock Price Forecast
$79.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
+24.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
18 Analysts

Profitability

Net Income
$21.95 billion
Pretax Margin
21.91%

Debt

Sales & Book Value

Annual Sales
$79.87 billion
Cash Flow
$13.27 per share
Book Value
$93.00 per share

Miscellaneous

Outstanding Shares
1,936,853,000
Free Float
1,935,304,000
Market Cap
$91.50 billion
Optionable
Optionable
Beta
1.58

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?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Citigroup in the last twelve months. There are currently 1 sell rating, 10 hold ratings and 7 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 2023?

18 equities research analysts have issued twelve-month price objectives for Citigroup's shares. Their C share price forecasts range from $44.00 to $79.00. On average, they expect the company's stock price to reach $58.60 in the next twelve months. This suggests a possible upside of 25.1% 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 start of the year. Since then, C shares have decreased by 22.5% and is now trading at $46.83.
View the best growth stocks for 2022 here
.

Are investors shorting Citigroup?

Citigroup saw a decline in short interest in October. As of October 31st, there was short interest totaling 29,980,000 shares, a decline of 13.4% from the October 15th total of 34,630,000 shares. Based on an average daily trading volume, of 17,660,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.6% of the company's 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 Friday, January 13th 2023.
View our C earnings forecast
.

How were Citigroup's earnings last quarter?

Citigroup Inc. (NYSE:C) released its earnings results on Friday, October, 14th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.17. The firm earned $18.51 billion during the quarter, compared to analyst estimates of $18.28 billion. Citigroup had a net margin of 17.31% and a trailing twelve-month return on equity of 9.14%. Citigroup's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.49 earnings per share.
Read the conference call transcript
.

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

Citigroup announced a quarterly dividend on Thursday, October 20th. Stockholders of record on Monday, November 7th will be paid a dividend of $0.51 per share on Wednesday, November 23rd. This represents a $2.04 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, November 4th.
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 4.21%. C has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 27.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, C will have a dividend payout ratio of 32.64% 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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.55%), BlackRock Inc. (8.17%), State Street Corp (4.41%), Bank of New York Mellon Corp (1.36%), Massachusetts Financial Services Co. MA (0.97%) and Jane Street Group LLC (0.00%). Insiders that own company stock include Cantu Ernesto Torres, Citigroup Inc, Gary M Reiner 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 $46.83.

How much money does Citigroup make?

Citigroup (NYSE:C) has a market capitalization of $90.70 billion and generates $79.87 billion in revenue each year. The company earns $21.95 billion in net income (profit) each year or $7.30 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
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 12/2/2022 by MarketBeat.com Staff