JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Citigroup (NYSE:C) Stock

Citigroup (NYSE:C) had its target price boosted by stock analysts at JPMorgan Chase & Co. from $130.00 to $134.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 8.00% from the stock’s current price.

A number of other analysts have also recently commented on the company. Barclays boosted their price target on Citigroup from $115.00 to $146.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Truist Financial boosted their target price on Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, January 21st. The Goldman Sachs Group lifted their price objective on Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Piper Sandler set a $135.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.19.

Citigroup Price Performance

Citigroup stock traded up $1.39 during mid-day trading on Monday, reaching $124.08. The company had a trading volume of 9,566,810 shares, compared to its average volume of 14,600,262. The business has a fifty day simple moving average of $115.27 and a 200 day simple moving average of $104.03. Citigroup has a fifty-two week low of $55.51 and a fifty-two week high of $125.16. The company has a market cap of $222.01 billion, a P/E ratio of 17.80, a P/E/G ratio of 0.78 and a beta of 1.18. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.63.

Citigroup (NYSE:C) last announced its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.16. The business had revenue of $19.87 billion for the quarter, compared to analysts’ expectations of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 EPS. On average, equities research analysts predict that Citigroup will post 7.53 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Elmwood Wealth Management Inc. raised its holdings in Citigroup by 1.3% in the 4th quarter. Elmwood Wealth Management Inc. now owns 6,845 shares of the company’s stock valued at $799,000 after acquiring an additional 85 shares during the period. Park Place Capital Corp raised its position in Citigroup by 16.7% during the 4th quarter. Park Place Capital Corp now owns 595 shares of the company’s stock worth $69,000 after purchasing an additional 85 shares during the last quarter. D.B. Root & Company LLC lifted its position in shares of Citigroup by 2.8% in the 4th quarter. D.B. Root & Company LLC now owns 3,191 shares of the company’s stock worth $372,000 after purchasing an additional 87 shares during the period. Cornerstone Wealth Management LLC lifted its stake in shares of Citigroup by 0.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 10,393 shares of the company’s stock valued at $1,213,000 after purchasing an additional 87 shares during the period. Finally, N.E.W. Advisory Services LLC boosted its position in shares of Citigroup by 14.9% during the 4th quarter. N.E.W. Advisory Services LLC now owns 703 shares of the company’s stock worth $82,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analyst bullishness: sell‑side coverage is highlighting Citigroup as one of three top investment‑bank names after solid Q4 results and improving deal/trading activity, supporting expectations for fee and trading revenue strength. 3 Must-Buy Investment Bank Behemoths After Solid Q4 Earnings
• Positive Sentiment: Investment‑bank deal flow: Citigroup is a joint global coordinator on the UI Boustead REIT IPO in Singapore — a small but tangible example of ongoing ECM/IB fee opportunities in APAC that help diversify fee pipelines. UI Boustead REIT begins premarketing of Singapore IPO, term sheet shows
• Neutral Sentiment: Capital‑mix reporting and valuation focus: coverage on Citigroup’s evolving capital structure — including recent preferred stock and bond issuances — is prompting fresh analysis of ROE, tangible equity and valuation multiples. That can be read two ways (stabilizes capital but can compress equity returns), so investors are re‑pricing risk/return accordingly. A Look At Citigroup (C) Valuation As New Preferred Stock And Bond Issuances Reshape Its Capital Mix
• Neutral Sentiment: Citi research activity: Citi analysts have been active (example: revising coverage on other tech/crypto names), which signals an engaged research desk but has limited direct impact on Citi’s equity; it can influence market perception of the bank’s franchise. Citi cuts Coinbase price target to $400 after stock’s 65% plunge from record high
• Negative Sentiment: Macro/credit risk — commercial real estate: rising office CMBS delinquencies and record defaults in U.S. office debt increase concerns about banks’ CRE exposure and potential provisioning, which is a headwind for bank shares including Citigroup. Commercial Real Estate Shock as Office CMBS Defaults Hit 11.7%

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.