Citigroup (NYSE:C) Given New $147.00 Price Target at JPMorgan Chase & Co.

Citigroup (NYSE:C) had its price objective decreased by JPMorgan Chase & Co. from $149.00 to $147.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 15.11% from the stock’s current price.

Several other analysts have also issued reports on C. Wells Fargo & Company raised their price target on shares of Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Oppenheimer lowered Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Morgan Stanley raised their price objective on Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Finally, UBS Group lowered their price objective on Citigroup from $150.00 to $142.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $149.22.

Citigroup Stock Performance

Shares of Citigroup stock traded up $0.70 during trading on Friday, reaching $127.70. The company’s stock had a trading volume of 3,664,848 shares, compared to its average volume of 12,546,031. Citigroup has a one year low of $93.66 and a one year 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. The firm has a market cap of $217.81 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. The business’s fifty day moving average price is $134.14 and its 200-day moving average price is $130.62.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, topping the consensus estimate of $2.74 by $0.41. The company had revenue of $24.77 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.96 EPS. As a group, equities research analysts predict that Citigroup will post 11.23 earnings per share for the current year.

Institutional Investors Weigh In On Citigroup

Hedge funds have recently made changes to their positions in the company. Compass Financial Management LLC acquired a new stake in shares of Citigroup in the second quarter valued at about $898,000. UniSuper Management Pty Ltd increased its position in Citigroup by 38.8% during the 4th quarter. UniSuper Management Pty Ltd now owns 1,306,851 shares of the company’s stock valued at $152,496,000 after purchasing an additional 365,041 shares during the period. Andra AP fonden raised its holdings in Citigroup by 22.3% during the 2nd quarter. Andra AP fonden now owns 274,600 shares of the company’s stock worth $38,433,000 after purchasing an additional 50,100 shares during the last quarter. Saudi Central Bank lifted its position in shares of Citigroup by 80.8% in the 2nd quarter. Saudi Central Bank now owns 119,392 shares of the company’s stock worth $16,710,000 after purchasing an additional 53,348 shares during the period. Finally, Vestor Capital LLC lifted its position in shares of Citigroup by 4,918,233.3% in the 1st quarter. Vestor Capital LLC now owns 295,100 shares of the company’s stock worth $33,467,000 after purchasing an additional 295,094 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: An analyst preview upgraded Citigroup, arguing that third-quarter earnings should remain resilient despite macroeconomic risks. The view reinforces expectations that the company can continue to benefit from stronger trading and investment-banking activity. Citigroup Q3 Preview: Earnings Should Be Alright Despite Macro Risks
• Positive Sentiment: The Federal Reserve’s proposed stress-test changes could reduce volatility in banks’ capital requirements and improve planning visibility for Citigroup. More predictable capital rules may support future capital returns, including buybacks and dividends. Fed Revamps Bank Stress Tests
• Positive Sentiment: Citi Token Services expanded to Japan and the United Arab Emirates, taking its blockchain-based payments network to seven markets. The expansion supports Citigroup’s longer-term strategy to grow digital payments and institutional transaction-banking revenue. Citi Token Services Expansion
• Neutral Sentiment: Citi raised its 12-month Bitcoin and Ethereum forecasts to $113,000 and $3,028, respectively, citing potential exchange-traded-fund inflows. The report highlights Citi’s research and crypto-market exposure, but the direct earnings impact for Citigroup is likely limited. Citigroup Raises Bitcoin Forecast
• Negative Sentiment: Citigroup shares fell during the prior session as investors sold financial stocks broadly, with money-center banks leading the decline. The weakness suggests ongoing sensitivity to interest-rate, credit, and macroeconomic concerns. Bank Stocks Slide
• Negative Sentiment: Citi warned that bond-market volatility is being driven by longer-term yields rather than changing Federal Reserve expectations. Such volatility can weigh on risk assets and complicate Citigroup’s trading, funding, and credit outlook. Citi Warns on Rate Volatility

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.