Erste Group Bank Expects Higher Earnings for Citigroup

Citigroup Inc. (NYSE:C) – Research analysts at Erste Group Bank boosted their FY2026 EPS estimates for shares of Citigroup in a research report issued on Thursday, April 2nd. Erste Group Bank analyst H. Engel now expects that the company will earn $10.33 per share for the year, up from their previous forecast of $10.31. The consensus estimate for Citigroup’s current full-year earnings is $7.53 per share.

Citigroup (NYSE:C) last issued its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The company had revenue of $19.87 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the prior year, the business earned $1.34 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis.

C has been the subject of a number of other reports. Wolfe Research reiterated an “outperform” rating and issued a $141.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. Barclays lifted their target price on shares of Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $121.00 target price on shares of Citigroup in a report on Thursday, January 15th. Wells Fargo & Company set a $150.00 price target on shares of Citigroup in a report on Monday, January 5th. Finally, The Goldman Sachs Group boosted their price target on shares of Citigroup from $123.00 to $137.00 and gave the stock a “buy” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $127.41.

Citigroup Stock Down 0.4%

NYSE:C opened at $116.84 on Wednesday. The company’s 50-day simple moving average is $112.83 and its 200-day simple moving average is $108.87. The stock has a market capitalization of $204.40 billion, a P/E ratio of 16.76, a P/E/G ratio of 0.74 and a beta of 1.11. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.00 and a current ratio of 1.00. Citigroup has a fifty-two week low of $56.07 and a fifty-two week high of $125.16.

Institutional Investors Weigh In On Citigroup

A number of large investors have recently modified their holdings of C. Brookstone Capital Management lifted its position in Citigroup by 31.5% in the third quarter. Brookstone Capital Management now owns 75,914 shares of the company’s stock valued at $7,705,000 after buying an additional 18,176 shares during the last quarter. Permanent Capital Management LP acquired a new position in Citigroup in the third quarter valued at about $1,238,000. Donaldson Capital Management LLC acquired a new position in Citigroup in the third quarter valued at about $58,994,000. Penobscot Investment Management Company Inc. lifted its position in Citigroup by 61.5% in the third quarter. Penobscot Investment Management Company Inc. now owns 57,033 shares of the company’s stock valued at $5,789,000 after buying an additional 21,720 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its position in Citigroup by 27.2% in the third quarter. Perigon Wealth Management LLC now owns 75,566 shares of the company’s stock valued at $7,670,000 after buying an additional 16,171 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insider Activity

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the completion of the sale, the insider owned 45,835 shares of the company’s stock, valued at $5,091,810.15. This represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by insiders.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.1%. Citigroup’s dividend payout ratio is presently 34.43%.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Goldman Sachs raised its price target on Citigroup to $137 and kept a Buy stance — a prominent shop increasing its target can attract flows and give the stock near-term upside. The Goldman Sachs Group Raises Citigroup Price Target
• Positive Sentiment: Axis Capital extended a $300M credit facility with Citibank Europe — a direct commercial banking revenue and relationship win that supports fee and lending activity in EMEA. Axis Capital Extends Credit Facility With Citibank Europe
• Positive Sentiment: Market commentary highlighting Citigroup’s macro call — Citi has pushed out its forecast for Fed rate cuts to September, implying a longer period of higher rates that typically boosts bank net interest income. That research-driven narrative is supportive for bank earnings expectations. Citigroup Delays Fed Rate Cut Timeline to September
• Neutral Sentiment: Citi is pushing to grow its wealth-management franchise and recruit bankers to close gaps with rivals — a strategic positive long term but likely involves near-term hiring costs and execution risk. Citi Races to Close Gap With Rivals in Wealth
• Neutral Sentiment: Street expectations and previews (Zacks, Seeking Alpha) position Citi for a solid Q1 — that sets up potential upside if results beat, but also raises the bar for the report. Citigroup Earnings Preview (Zacks)
• Negative Sentiment: JPMorgan trimmed its price target modestly (from $134 to $131) despite keeping an Overweight rating — a small analyst downgrade that can temper some upside momentum. JPMorgan Lowers Citigroup Price Target
• Negative Sentiment: Ongoing geopolitical risk in the Middle East keeps market volatility and trading headwinds elevated, which can pressure investment-banking and markets revenue for large global banks like Citi even as higher rates help NII. Fragile U.S.-Iran Ceasefire Sparks Market Relief (CNBC)

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.