Citigroup (NYSE:C) Price Target Raised to $148.50

Citigroup (NYSE:C) had its target price lifted by JPMorgan Chase & Co. from $147.00 to $148.50 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 objective would indicate a potential upside of 21.11% from the stock’s current price.

A number of other brokerages also recently commented on C. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. TD Cowen lowered their price target on Citigroup from $150.00 to $148.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Evercore set a $135.00 target price on Citigroup in a report on Wednesday, October 14th. Weiss Ratings downgraded Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Finally, Argus set a $150.00 price target on shares of Citigroup in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.87.

Citigroup Stock Down 2.5%

NYSE C traded down $3.14 on Friday, hitting $122.62. The stock had a trading volume of 13,627,029 shares, compared to its average volume of 12,258,392. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a market cap of $209.14 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. The business’s fifty day moving average price is $130.17 and its 200 day moving average price is $126.42. Citigroup has a 52-week low of $95.83 and a 52-week high of $147.96.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.19. The company had revenue of $23.84 billion during the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. Citigroup’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 EPS. Equities research analysts anticipate that Citigroup will post 11.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in C. AIA Group Ltd raised its stake in Citigroup by 10.4% during the 3rd quarter. AIA Group Ltd now owns 128,091 shares of the company’s stock valued at $16,585,000 after purchasing an additional 12,064 shares during the period. Third View Private Wealth LLC increased its holdings in shares of Citigroup by 7.8% during the third quarter. Third View Private Wealth LLC now owns 6,282 shares of the company’s stock worth $813,000 after buying an additional 454 shares in the last quarter. Provenance Wealth Advisors LLC grew its stake in shares of Citigroup by 2,708.6% during the third quarter. Provenance Wealth Advisors LLC now owns 5,224 shares of the company’s stock valued at $676,000 after purchasing an additional 5,038 shares during the last quarter. Lyell Wealth Management LP grew its position in shares of Citigroup by 16.4% during the 3rd quarter. Lyell Wealth Management LP now owns 2,667 shares of the company’s stock worth $345,000 after buying an additional 376 shares during the period. Finally, Associated Banc Corp acquired a new position in Citigroup during the third quarter valued at approximately $591,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Debt redemption may improve funding flexibility. Citibank, N.A., Citigroup’s principal banking subsidiary, announced the full redemption of $2 billion of 5.488% notes due 2026 and $500 million of floating-rate notes due 2026. Retiring the obligations could reduce future interest expense and refinancing needs, although it also uses $2.5 billion of cash. Citibank Announces $2 Billion Redemption of Notes
• Positive Sentiment: Recent operating trends remain supportive. Citigroup’s latest reported quarter exceeded consensus estimates on earnings and revenue, while management raised its 2026 return-on-tangible-common-equity target above 11%, improved its net-interest-income outlook, increased the dividend and authorized a new $30 billion buyback. These measures provide potential support for earnings per share and shareholder returns. Citigroup Could Be Undervalued
• Neutral Sentiment: Options activity signals volatility, not direction. Recent options-market activity indicates traders are positioning for a potentially large move in C stock, but the available report does not establish whether investors are predominantly bullish or bearish. Options Traders Betting on a Big Move in Citigroup Stock
• Negative Sentiment: Technical weakness is offsetting the fundamental positives. Shares remain below both their 50-day and 200-day moving averages after a recent pullback. That positioning can encourage short-term selling and profit-taking, particularly while investors await a clearer catalyst beyond the buyback, dividend and guidance upgrades.

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.