Brokerages Set Citigroup Inc. (NYSE:C) PT at $124.65

Shares of Citigroup Inc. (NYSE:C) have been assigned an average recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $125.5625.

C has been the subject of a number of analyst reports. Piper Sandler set a $135.00 price objective on shares of Citigroup in a report on Thursday, January 15th. The Goldman Sachs Group raised their price target on shares of Citigroup from $113.00 to $127.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Wolfe Research reiterated an “outperform” rating and issued a $141.00 price objective on shares of Citigroup in a report on Wednesday, January 7th. TD Cowen reiterated a “hold” rating on shares of Citigroup in a research report on Wednesday, January 7th. Finally, Oppenheimer lifted their target price on Citigroup from $141.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analysts and screens are bullish: Citigroup was added to Zacks’ list of top income/strong-buy stocks, which can attract yield-seeking flows and bolster sentiment. Best Income Stocks to Buy for January 23rd
• Positive Sentiment: Underlying results remain supportive — Citi’s recent quarterly update showed an EPS beat and analysts have largely dismissed fears of an earnings re‑rating after the company’s Q4 performance, which helps justify current valuations. Analysts Dismiss Re-Rating Fears After Bright Citigroup (C) Earnings Update
• Neutral Sentiment: Citi research notes that a Washington affordability agenda could boost fintechs and related exposures — this is sector-positive for fintech names but is a mixed read for Citi (opportunity for fee revenue vs. policy uncertainty). US fintech stocks could gain as Trump pushes affordability agenda, Citi says
• Negative Sentiment: Layoff plans: Reuters reports Citi will cut more staff in March (after ~1,000 jobs cut this month), likely affecting managing directors and senior employees — raises near‑term execution and morale concerns even as costs fall; investors often react negatively to fresh rounds of cuts that signal tougher revenue outlooks. Exclusive: Citigroup to lay off more employees in March, sources say
• Negative Sentiment: Card pricing pressure/political optics: Reports that Citi is exploring a 10% capped-rate card to respond to political pressure (and CEO comments warning caps would hurt credit access) create uncertainty around future card yields and policy risk — potential margin compression if price caps or similar measures are implemented. Bank of America, Citigroup consider new credit cards with 10% rate, Bloomberg News reports

Citigroup Trading Down 1.7%

C opened at $113.71 on Monday. The firm has a market capitalization of $203.46 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.73 and a beta of 1.18. The company’s 50 day simple moving average is $112.04 and its two-hundred day simple moving average is $102.24. Citigroup has a 1-year low of $55.51 and a 1-year high of $124.17. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99.

Citigroup (NYSE:C) last posted its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.65 by $0.16. The firm had revenue of $19.87 billion during the quarter, compared to analysts’ expectations of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 earnings per share. Analysts expect that Citigroup will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 2nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. Citigroup’s dividend payout ratio is presently 34.43%.

Institutional Investors Weigh In On Citigroup

A number of institutional investors have recently made changes to their positions in C. Brighton Jones LLC raised its position in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Citigroup by 20.5% in the second quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock valued at $835,000 after buying an additional 1,669 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Citigroup in the 2nd quarter valued at $52,000. Bell Bank acquired a new position in Citigroup during the 2nd quarter worth about $227,000. Finally, Lantz Financial LLC boosted its holdings in Citigroup by 7.7% during the 2nd quarter. Lantz Financial LLC now owns 3,114 shares of the company’s stock valued at $265,000 after acquiring an additional 222 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

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.