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

Citigroup (NYSE:C) had its price target lifted by investment analysts at JPMorgan Chase & Co. from $131.00 to $135.50 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 6.32% from the company’s previous close.

C has been the subject of a number of other research reports. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. TD Cowen reiterated a “hold” rating on shares of Citigroup in a research report on Wednesday, January 7th. Wells Fargo & Company upped their price target on shares of Citigroup from $160.00 to $162.00 and gave the company an “overweight” rating in a research report on Wednesday. Evercore set a $139.00 price objective on Citigroup in a research note on Wednesday, April 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a report on Monday, April 20th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.79.

Citigroup Stock Performance

Shares of NYSE C opened at $127.44 on Thursday. The stock’s 50-day moving average is $117.01 and its 200 day moving average is $112.16. The stock has a market cap of $218.55 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 0.57 and a beta of 1.14. Citigroup has a 1-year low of $69.17 and a 1-year high of $135.29. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 1.59.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.43. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The business had revenue of $24.63 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the prior year, the firm earned $1.96 earnings per share. Citigroup’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts anticipate that Citigroup will post 10.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction dated 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 sale, the insider owned 45,835 shares of the company’s stock, valued at approximately $5,091,810.15. The trade was a 48.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the transaction, the insider owned 182,022 shares in the company, valued at $23,919,511.02. This represents a 12.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 92,318 shares of company stock worth $10,764,814. Insiders own 0.11% of the company’s stock.

Institutional Trading of Citigroup

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Donaldson Capital Management LLC purchased a new stake in Citigroup in the third quarter worth about $58,994,000. Penobscot Investment Management Company Inc. lifted its holdings in shares of Citigroup by 61.5% during the third quarter. Penobscot Investment Management Company Inc. now owns 57,033 shares of the company’s stock valued at $5,789,000 after purchasing an additional 21,720 shares during the last quarter. Brighton Jones LLC boosted its position in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Gunderson Capital Management Inc. bought a new stake in shares of Citigroup in the 4th quarter worth approximately $7,165,000. Finally, Cerity Partners LLC grew its stake in shares of Citigroup by 3.4% in the 3rd quarter. Cerity Partners LLC now owns 1,029,530 shares of the company’s stock worth $104,496,000 after buying an additional 34,184 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: JPMorgan raised its price target on Citi and assigned an “overweight” rating, implying upside from current levels — a buy-side pillar that can support the stock. Benzinga
• Positive Sentiment: Unusually large call-option buying: traders bought roughly 125,853 Citi calls (about +68% vs. average), signaling short-term bullish positioning from options market participants — this can lift implied volatility and near-term demand for shares.
• Positive Sentiment: Strategic hires and expansion: Citi continues to add senior bankers in Asia and other units to boost cross-border M&A and infrastructure capabilities, which supports revenue growth prospects. Bloomberg: Shukla hire
• Positive Sentiment: Citi is advancing its planned disinvestment from Banamex with new investors on board, reducing legacy-country risk and helping clean up the balance sheet over time. Mexico News Daily
• Positive Sentiment: Recognition in digital assets: Citi received institutional nomination for digital asset adoption, supporting its positioning in tokenization and custody services — a potential long-term revenue stream. BeInCrypto
• Neutral Sentiment: Citi research commentary (e.g., on gold) and routine regulatory/participation notices are being circulated but are unlikely to move the stock materially on their own.
• Negative Sentiment: Reputational/legal risk: media reports about Citi hiring ex-JPMorgan banker Vis Raghavan (and a $52M payout despite past allegations) are drawing attention and could be a governance/reputational overhang for some investors. Inc.
• Negative Sentiment: Macro/geopolitical volatility — including Japan’s FX intervention (sharp yen moves) and recent Middle East developments — raises trading and market-risk uncertainty; that can pressure bank stocks via trading revenue swings and risk-off flows. Bloomberg/Yahoo

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.