Citigroup (NYSE:C) Given New $149.00 Price Target at JPMorgan Chase & Co.

Citigroup (NYSE:C) had its target price lifted by JPMorgan Chase & Co. from $135.50 to $149.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 6.48% from the company’s previous close.

A number of other equities research analysts have also issued reports on C. Wells Fargo & Company upped their target price on shares of Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. Piper Sandler reissued an “overweight” rating and issued a $145.00 price objective (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. Royal Bank Of Canada restated an “outperform” rating and set a $139.00 price objective on shares of Citigroup in a research note on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a report on Monday, April 20th. Finally, Evercore set a $139.00 target price on Citigroup in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and a consensus price target of $140.41.

Citigroup Stock Down 0.0%

Shares of NYSE:C opened at $139.93 on Monday. The firm has a market cap of $238.67 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11. The company has a fifty day simple moving average of $132.49 and a 200 day simple moving average of $121.94. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. Citigroup has a 12-month low of $85.48 and a 12-month high of $147.96.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. The firm had revenue of $24.63 billion for the quarter, compared to the consensus estimate of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.96 EPS. On average, equities research analysts anticipate that Citigroup will post 10.83 EPS for the current fiscal year.

Citigroup declared that its board has approved a stock buyback plan on Thursday, May 7th that allows the company to repurchase $30.00 billion in shares. This repurchase authorization allows the company to repurchase up to 13.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.30, for a total value of $265,260.10. Following the transaction, the director owned 12,194 shares of the company’s stock, valued at $1,527,908.20. This trade represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total value of $3,285,250.00. Following the completion of the transaction, the insider owned 182,022 shares of the company’s stock, valued at approximately $23,919,511.02. The trade was a 12.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cedar Mountain Advisors LLC increased its position in Citigroup by 139.9% in the second quarter. Cedar Mountain Advisors LLC now owns 698 shares of the company’s stock worth $98,000 after buying an additional 407 shares during the period. SWP Investment Management LLC lifted its stake in Citigroup by 3.9% in the second quarter. SWP Investment Management LLC now owns 25,393 shares of the company’s stock valued at $3,554,000 after buying an additional 960 shares during the last quarter. Eastern Bank boosted its holdings in shares of Citigroup by 12.9% during the second quarter. Eastern Bank now owns 2,190 shares of the company’s stock valued at $307,000 after acquiring an additional 250 shares during the period. VectorGlobal IAG Inc. acquired a new position in shares of Citigroup during the first quarter valued at $353,000. Finally, Ballast Advisors LLC bought a new position in shares of Citigroup during the first quarter worth about $56,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s commodities unit expanded its precious-metals franchise after becoming a clearing member of London Precious Metals Clearing Limited, adding Loco London settlement services for gold, silver, platinum, and palladium. The move broadens Citi’s product suite and could support fee income. Citi Becomes Clearing Member of London Precious Metals Clearing Limited
• Positive Sentiment: Citi was appointed depositary bank for Vicore Pharma Holding AB’s sponsored Level 2 ADR program, a sign of continued momentum in Citi Issuer Services and its global capital-markets business. Citi Appointed as Depositary Bank for Vicore Pharma Holding AB’s ADR Program
• Positive Sentiment: Analysts and media coverage are focusing on Citi’s upcoming Q2 results on July 14, with expectations for continued loan growth and improved estimates keeping the stock in the spotlight. How To Earn $500 A Month From Citigroup Stock Ahead Of Q2 Earnings
• Neutral Sentiment: Citi’s CEO Jane Fraser said the firm is navigating major AI and workforce changes, underscoring management’s focus on efficiency and technology, but the article did not include a specific new financial catalyst. Citigroup CEO has a message on AI and jobs: Every bank must win these two races
• Neutral Sentiment: Citi also remained active in analyst coverage across other sectors, including raising price targets on companies like V2X, TSMC, AstraZeneca, and Northrop Grumman, which reflects ongoing trading and research activity but has limited direct impact on Citi’s own stock. Citi Raises its Price Target on V2X (VVX)

About Citigroup

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.