Research Analysts’ Weekly Ratings Updates for Citigroup (C)

Several analysts have recently updated their ratings and price targets for Citigroup (NYSE: C):

• 10/16/2024 – Citigroup had its price target lowered by analysts at Morgan Stanley from $86.00 to $82.00. They now have an “overweight” rating on the stock.
• 10/16/2024 – Citigroup had its price target lowered by analysts at Oppenheimer Holdings Inc. from $92.00 to $91.00. They now have an “outperform” rating on the stock.
• 10/16/2024 – Citigroup had its price target raised by analysts at Evercore ISI from $63.00 to $64.00. They now have an “in-line” rating on the stock.
• 10/16/2024 – Citigroup had its price target raised by analysts at Barclays PLC from $63.00 to $70.00. They now have an “equal weight” rating on the stock.
• 10/16/2024 – Citigroup had its price target raised by analysts at Bank of America Co. from $77.00 to $78.00. They now have a “buy” rating on the stock.
• 10/2/2024 – Citigroup had its price target raised by analysts at Oppenheimer Holdings Inc. from $87.00 to $92.00. They now have an “outperform” rating on the stock.
• 9/30/2024 – Citigroup had its price target raised by analysts at Morgan Stanley from $79.00 to $86.00. They now have an “overweight” rating on the stock.
• 9/11/2024 – Citigroup had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $75.00 to $71.00. They now have a “buy” rating on the stock.

Citigroup Price Performance

Shares of Citigroup stock opened at $62.85 on Monday. The stock has a market cap of $119.88 billion, a P/E ratio of 17.61, a P/E/G ratio of 0.74 and a beta of 1.44. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s fifty day moving average is $61.35 and its 200 day moving average is $61.92. Citigroup Inc. has a one year low of $38.17 and a one year high of $67.81.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 earnings per share. Sell-side analysts anticipate that Citigroup Inc. will post 5.76 earnings per share for the current year.

Hedge Funds Weigh In On Citigroup

Several large investors have recently added to or reduced their stakes in C. Price T Rowe Associates Inc. MD raised its position in shares of Citigroup by 123.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock valued at $2,005,749,000 after purchasing an additional 17,525,484 shares during the period. Bank of New York Mellon Corp raised its holdings in Citigroup by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company’s stock valued at $1,904,262,000 after acquiring an additional 250,716 shares during the period. Legal & General Group Plc lifted its position in shares of Citigroup by 5.5% in the second quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock valued at $1,105,999,000 after acquiring an additional 913,231 shares in the last quarter. Greenhaven Associates Inc. lifted its position in shares of Citigroup by 1.5% in the third quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company’s stock valued at $1,056,900,000 after acquiring an additional 242,545 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Citigroup by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 9,300,447 shares of the company’s stock worth $590,106,000 after acquiring an additional 168,070 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.