Citigroup (NYSE:C) Stock Price Target Lowered at Royal Bank Of Canada

Citigroup (NYSE:C) had its target price dropped by research analysts at Royal Bank Of Canada from $150.00 to $135.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 9.90% from the stock’s previous close.

Several other equities research analysts also recently weighed in on C. Wall Street Zen downgraded Citigroup from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. HSBC assumed coverage on Citigroup in a report on Monday, September 28th. They issued a “buy” rating and a $164.00 price objective for the company. UBS Group decreased their price objective on Citigroup from $142.00 to $139.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Loop Capital set a $155.00 target price on Citigroup in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $150.68.

Citigroup Stock Down 1.4%

NYSE:C opened at $122.84 on Wednesday. The firm has a market capitalization of $209.51 billion, a P/E ratio of 13.20, a PEG ratio of 0.58 and a beta of 1.13. Citigroup has a 1-year low of $95.00 and a 1-year high of $147.96. The company’s fifty day moving average price is $133.46 and its 200-day moving average price is $131.64. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.20. The company had revenue of $23.84 billion during the quarter, compared to the consensus estimate of $23.72 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.86 earnings per share. As a group, equities research analysts anticipate that Citigroup will post 11.19 EPS for the current year.

Institutional Trading of Citigroup

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in Citigroup in the 1st quarter valued at approximately $25,000. Paladin Partners LLC acquired a new position in Citigroup during the second quarter worth $27,000. TD Capital Management LLC acquired a new position in Citigroup during the fourth quarter worth $28,000. IMG Wealth Management Inc. boosted its position in shares of Citigroup by 197.6% during the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after buying an additional 162 shares during the period. Finally, Scarborough Advisors LLC purchased a new stake in shares of Citigroup in the 1st quarter valued at $29,000. 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: Q3 earnings beat expectations. Citigroup reported $2.85 in earnings per share versus approximately $2.65 expected, while revenue reached about $23.85 billion, up 7.9% year over year and the bank’s highest third-quarter level in more than a decade. Net income rose 40% to $5.2 billion. Citi profit jumps 40% with higher investment banking, services and wealth revenue
• Positive Sentiment: Services, Wealth and Markets provided momentum. Services and Wealth revenue each increased 15%, Markets revenue grew 6%, and investment banking revenue rose 9%. Net interest income excluding Markets also increased 7% to $13.71 billion. Management raised its full-year 2026 net interest income growth outlook to the mid-to-high single digits. C Q3 Deep Dive: Services and Wealth Drive Growth Amid Market Caution
• Positive Sentiment: Capital returns and credit quality remain supportive. Citigroup returned approximately $4.1 billion to common shareholders through dividends and repurchases, while preliminary common equity Tier 1 capital was 12.8%. Banks broadly reported limited evidence of immediate credit deterioration.
• Neutral Sentiment: Higher Treasury yields are creating mixed effects. Rising rates can support net interest income, but a flattening yield curve and higher funding costs may pressure lending growth, margins and future credit performance. Investors are therefore scrutinizing bank guidance for evidence that rate benefits will persist.
• Negative Sentiment: Fourth-quarter revenue guidance disappointed. CFO Gonzalo Luchetti said fourth-quarter Markets revenue could decline about 20% from Q3, or potentially more. That outlook overshadowed the strong trading results and raised concern that the next quarter will be materially weaker.
• Negative Sentiment: Sequential profitability trends weakened. Compared with Q2, revenue fell about 4% and net income declined roughly 10%. Credit-loss provisions increased to approximately $2.6 billion, while U.S. Consumer Cards revenue was flat and card profitability faced higher costs and provisions. Why Citigroup Stock Is Trading Lower Today
• Negative Sentiment: Technical momentum has deteriorated. The shares are trading below their 50-day moving average and near the 200-day moving average, leaving investors concerned that cautious guidance could keep the stock under pressure despite the earnings beat.

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.