Wall Street Zen Upgrades Citigroup (NYSE:C) to “Buy”

Citigroup (NYSE:C) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the stock. UBS Group set a $148.00 price target on shares of Citigroup in a research report on Wednesday, October 14th. Evercore set a $135.00 price target on shares of Citigroup in a research note on Wednesday, October 14th. Royal Bank Of Canada dropped their price target on Citigroup from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 14th. Argus set a $150.00 price target on shares of Citigroup in a research note on Wednesday, July 15th. Finally, Truist Financial reduced their target price on Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.87.

Citigroup Price Performance

NYSE:C opened at $119.16 on Friday. Citigroup has a 52-week low of $95.83 and a 52-week high of $147.96. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. The firm has a market cap of $203.24 billion, a P/E ratio of 11.63, a PEG ratio of 0.54 and a beta of 1.18. The business’s 50-day moving average price is $128.92 and its 200 day moving average price is $126.60.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.19. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The company had revenue of $23.84 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same period in the prior year, the business earned $1.86 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts predict that Citigroup will post 11.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Citigroup

A number of institutional investors have recently made changes to their positions in C. Compass Financial Management LLC bought a new position in shares of Citigroup in the second quarter valued at approximately $898,000. Andra AP fonden raised its stake in shares of Citigroup by 22.3% during the second 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. Concurrent Investment Advisors LLC increased its position in Citigroup by 30.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 131,946 shares of the company’s stock worth $18,467,000 after purchasing an additional 31,007 shares in the last quarter. Saudi Central Bank boosted its position in shares of Citigroup by 80.8% during the second quarter. Saudi Central Bank now owns 119,392 shares of the company’s stock worth $16,710,000 after buying an additional 53,348 shares during the period. Finally, State Street Corp increased its stake in shares of Citigroup by 3.7% in the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock worth $11,199,986,000 after purchasing an additional 2,913,701 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup and DBS are competing to recruit talent for their India operations, including expansion tied to GIFT City. The hiring push points to investment in the region’s growth potential, though the articles do not quantify its expected financial impact. Citigroup, DBS vie for top talent to boost business in India hub
• Positive Sentiment: CEO Jane Fraser said she does not expect the market correction to become deeper or last longer, which may help reassure investors after the recent sell-off. This is a view on the broader market, not a change to Citi’s outlook. Citigroup CEO Jane Fraser on the market correction
• Neutral Sentiment: Citi named Circle its top pick in regulated stablecoins and digital payments. The call reflects Citi’s research activity, but Circle—not Citigroup—is the stock being recommended, so it is not a direct earnings catalyst for C. Citi Names Top Stock in Stablecoin and Digital Payments Space
• Negative Sentiment: Citigroup shares had a sharp decline in the prior session amid a volatile market. The broader backdrop remains uncertain, with post-election policy potentially slowing bank deregulation and increasing scrutiny of financial firms. Citigroup’s recent price decline Midterm election results and financial stocks
• Negative Sentiment: Citi’s strategists say the AI trade could remain under pressure and currently favor European equities over U.S. stocks. That cautious view may weigh on broader market sentiment, though it is not specific to Citi’s own fundamentals. Citi explains why the AI trade may remain under pressure

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City. Founded in 1812 as the City Bank of New York, it has grown into an international banking organization serving individuals, businesses, governments and institutions.

The company provides consumer banking and wealth management services, including deposits, lending, credit cards and investment services. For corporate and institutional clients, Citi offers transaction banking, treasury and trade solutions, securities services, investment banking, and markets and financing services.

Citi serves clients across the United States and a broad range of international markets, drawing on its global network to support cross-border business and financial activity.