Citigroup (NYSE:C) Price Target Raised to $164.00

Citigroup (NYSE:C) had its price target boosted by HSBC from $161.00 to $164.00 in a research note released on Monday, MarketBeat.com reports. HSBC currently has a buy rating on the stock.

C has been the topic of a number of other research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $150.00 price target on shares of Citigroup in a research report on Wednesday, July 15th. Evercore set a $143.00 price objective on Citigroup in a research report on Monday, July 6th. Wells Fargo & Company upped their target price on Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, June 18th. Truist Financial decreased their target price on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Finally, Oppenheimer cut shares of Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.50.

Citigroup Trading Down 0.8%

Shares of Citigroup stock opened at $129.80 on Monday. The firm has a 50-day simple moving average of $134.23 and a two-hundred day simple moving average of $130.47. The company has a market cap of $221.38 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 0.59 and a beta of 1.12. Citigroup has a fifty-two week low of $93.66 and a fifty-two week high of $147.96. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business had revenue of $24.77 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same period in the prior year, the company posted $1.96 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, equities analysts predict that Citigroup will post 11.21 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s payout ratio is presently 28.94%.

Hedge Funds Weigh In On Citigroup

A number of hedge funds have recently made changes to their positions in the company. State Street Corp increased its position in shares of Citigroup by 3.7% during the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock worth $11,199,986,000 after purchasing an additional 2,913,701 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Citigroup by 4.0% in the 4th quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock valued at $3,990,422,000 after purchasing an additional 1,326,224 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Citigroup during the 2nd quarter worth $3,244,602,000. Bank of America Corp DE boosted its stake in Citigroup by 2.8% during the 1st quarter. Bank of America Corp DE now owns 26,869,012 shares of the company’s stock worth $3,047,215,000 after purchasing an additional 728,043 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Citigroup by 6.2% during the fourth quarter. Invesco Ltd. now owns 15,139,403 shares of the company’s stock worth $1,766,617,000 after buying an additional 887,430 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Stablecoin partnership expands. Citi is deepening its relationship with Coinbase to connect institutional clients with virtual accounts, fiat settlement and stablecoin payment rails. The initiative could strengthen Citi’s position in digital payments and create new transaction-related revenue opportunities. Citigroup Deepens Stablecoin Push With Expanded Coinbase Tie-Up
• Positive Sentiment: Token Services expands internationally. Citi’s blockchain-based Citi Token Services has reached Japan and the UAE, taking the platform to seven markets. Broader adoption could support the bank’s transaction-banking franchise and improve its competitive standing in institutional payments. Citi Challenges Crypto Payment Rails as Token Services Expand
• Positive Sentiment: Analysts anticipate stronger third-quarter results. Forecasts call for approximately $2.64 in third-quarter earnings per share and $23.75 billion in revenue when Citi reports on October 13. That outlook reinforces the recent earnings momentum, although results remain an upcoming catalyst. Citigroup Likely To Report Higher Q3 Earnings
• Neutral Sentiment: Citi launched multi-market instant payments through Swift, enabling clients to access local real-time payment networks through one account structure. The move is strategically positive, but near-term financial benefits are uncertain. Citi Becomes First Bank to Launch Multi-Market Instant Payments
• Neutral Sentiment: Citi Global Markets announced securities linked to the S&P 500. This appears to be a routine structured-products offering with limited direct impact on Citi’s stock. Citigroup Global Markets Announces S&P 500 Barrier Securities
• Negative Sentiment: CEO Jane Fraser highlighted risks from artificial intelligence and fintech competition for deposits. Those concerns could pressure margins and raise technology-investment requirements, tempering enthusiasm over Citi’s digital initiatives. AI Risks to Banking and Fintech Deposit Competition

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City and listed on the New York Stock Exchange under the symbol C. Through its subsidiaries and businesses, Citi provides banking, lending, investment, payments, wealth management and other financial services to consumers, businesses, governments and institutional clients.

Citi’s principal businesses include Services, which supports institutional clients with treasury, trade, securities services and related solutions; Markets, which provides sales, trading, research and financing services; Banking, which offers investment banking and corporate banking; and Wealth, which provides private banking and wealth management.