Should I buy or sell Citigroup stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Citigroup in the last year. There are currently 1 sell rating, 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" C shares. View C analyst ratings or view top-rated stocks .

What is Citigroup's stock price target for 2024?

17 brokers have issued twelve-month price targets for Citigroup's shares. Their C share price targets range from $47.00 to $87.00. On average, they expect the company's share price to reach $62.91 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price. View analysts price targets for C or view top-rated stocks among Wall Street analysts .

How have C shares performed in 2024?

Citigroup's stock was trading at $51.44 at the beginning of the year. Since then, C shares have increased by 12.5% and is now trading at $57.87. View the best growth stocks for 2024 here .

Are investors shorting Citigroup?

Citigroup saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 28,360,000 shares, an increase of 15.6% from the February 29th total of 24,540,000 shares. Based on an average trading volume of 16,900,000 shares, the short-interest ratio is currently 1.7 days. Currently, 1.5% of the shares of the stock are sold short. View Citigroup's Short Interest .

When is Citigroup's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 12th 2024. View our C earnings forecast .

How were Citigroup's earnings last quarter?

Citigroup Inc. (NYSE:C) announced its earnings results on Friday, April, 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. The company earned $21.10 billion during the quarter, compared to analysts' expectations of $20.46 billion. Citigroup had a net margin of 4.90% and a trailing twelve-month return on equity of 6.17%. Citigroup's revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.86 EPS. Read the conference call transcript .

How often does Citigroup pay dividends? What is the dividend yield for Citigroup?

Citigroup announced a quarterly dividend on Wednesday, April 3rd. Investors of record on Monday, May 6th will be paid a dividend of $0.53 per share on Friday, May 24th. This represents a $2.12 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Friday, May 3rd. Read our dividend analysis for C .

Is Citigroup a good dividend stock?

Citigroup (NYSE:C) pays an annual dividend of $2.12 per share and currently has a dividend yield of 3.55%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 62.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, C will have a dividend payout ratio of 29.53% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for C .

What ETFs hold Citigroup's stock?

ETFs with the largest weight of Citigroup (NYSE:C) stock in their portfolio include First Trust Nasdaq Bank ETF (FTXO) , Invesco S&P Ultra Dividend Revenue ETF (RDIV) , Invesco KBW Bank ETF (KBWB) , Morgan Dempsey Large Cap Value ETF (MDLV) , First Trust Morningstar Dividend Leaders Index (FDL) , Invesco S&P 500 Enhanced Value ETF (SPVU) , Roundhill Big Bank ETF (BIGB) and Sound Equity Dividend Income ETF (DIVY) .

What guidance has Citigroup issued on next quarter's earnings?

Citigroup updated its FY 2024 earnings guidance on Friday, April, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $80.0 billion-$81.0 billion, compared to the consensus revenue estimate of $73.7 billion.

What is Michael Corbat's approval rating as Citigroup's CEO?

5,046 employees have rated Citigroup Chief Executive Officer Michael Corbat on Glassdoor.com . Michael Corbat has an approval rating of 90% among the company's employees.

What other stocks do shareholders of Citigroup own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Citigroup investors own include Bank of America (BAC) , JPMorgan Chase & Co. (JPM) , Alibaba Group (BABA) , Intel (INTC) , NVIDIA (NVDA) , AT&T (T) , Walt Disney (DIS) , Wells Fargo & Company (WFC) , General Electric (GE) and Micron Technology (MU) .

Who are Citigroup's major shareholders?

Citigroup's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.11%), IMC Chicago LLC (0.00%), ARGA Investment Management LP (0.05%), Douglas Lane & Associates LLC (0.03%), Nexus Investment Management ULC (0.03%) and Czech National Bank (0.02%). Insiders that own company stock include Andrew John Morton , Cantu Ernesto Torres , Citigroup Inc, Michael Whitaker , Sara Wechter , Titilope Cole and Zdenek Turek . View institutional ownership trends .

How do I buy shares of Citigroup?

Shares of C stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Citigroup have any subsidiaries?

The following companies are subsidiares of Citigroup: CitiFinancial Credit Company, AO Citibank, Acciones y Valores Banamex S.A. de C.V. Casa de Bolsa Integrante del Grupo Financiero Banamex, Afore Banamex S.A. de C.V., Associates Financial Services (Mauritius) LLC, Associates First Capital Corporation, Automated Trading Desk, Banco Citibank S.A., Banco Nacional de Mexico S.A., Bank Handlowy w Warszawie S.A., COHM Overseas Mexico Holding S. de R.L. de C.V., Citi GSCP Inc., Citi Investments Bahamas Ltd., Citi Niagara LLC, Citi Overseas Holdings Bahamas Limited, Citi Overseas Investments Bahamas Inc., Citi Real Estate Funding Inc., Citi Retail Services LLC, CitiMortgage Inc., Citibank (China) Co. Ltd., Citibank (Hong Kong) Limited, Citibank (Switzerland) AG, Citibank Anonim Sirketi, Citibank Berhad, Citibank Canada, Citibank Colombia S.A., Citibank Europe plc, Citibank Holdings Ireland Limited, Citibank Kazakhstan JSC, Citibank Korea Inc., Citibank N.A., Citibank Nigeria Limited, Citibank Overseas Investment Corporation, Citibank Singapore Limited, Citibank Taiwan Ltd., Citibank del Peru S.A., Citibank-Distribuidora de Titulos e Valores Mobiliarios S.A., Citicorp (Mexico) Holdings LLC, Citicorp Banking Corporation, Citicorp Credit Services Inc. (USA), Citicorp Finance (India) Limited, Citicorp Funding Inc., Citicorp Home Mortgage Services Inc., Citicorp International Limited, Citicorp Investment Bank (Singapore) Limited, Citicorp LLC, Citicorp Securities Services Inc., Citicorp Services India Private Limited, Citicorp USA Inc., Citigroup Alternative Investments LLC, Citigroup Asia Pacific Holding LLC, Citigroup BUSA Holdings Inc., Citigroup Capital Partners Mexico S. de R.L. de C.V., Citigroup Chile S.A., Citigroup Finance Canada ULC, Citigroup Financial Products Inc., Citigroup Global Markets Deutschland AG, Citigroup Global Markets Europe Finance Limited, Citigroup Global Markets Finance Corporation & Co. beschrankt haftende KG, Citigroup Global Markets Holdings Bahamas Limited, Citigroup Global Markets Holdings Inc., Citigroup Global Markets Inc., Citigroup Global Markets India Private Limited, Citigroup Global Markets Japan Inc., Citigroup Global Markets Korea Securities Limited, Citigroup Global Markets Limited, Citigroup Global Markets Operations and Technology LLC, Citigroup Global Markets Realty Corp., Citigroup Global Markets Switzerland Holding GmbH, Citigroup Global Markets Taiwan Securities Company Limited, Citigroup Holding (Singapore) Private Limited, Citigroup International Luxembourg Limited, Citigroup Investments Inc., Citigroup Japan Holdings G.K., Citigroup Netherlands B.V., Citigroup Niagara Holdings LLC, Citigroup Participation Luxembourg Limited, Citigroup Pty Limited, Citigroup Technology Inc., European American Bank, Grupo Financiero Banamex S.A. de C.V., Grupo Financiero Citibanamex S.A. de C.V., Holding BUSA II S. de R.L. de C.V., Holding BUSA S. de R.L. de C.V., Impulsora de Fondos Banamex S.A. de C.V. Sociedad Operadora de Sociedades de Inversion, Koram Bank, Latin American Investment Bank Bahamas Limited, Pipestone Investments LLC, Public Joint Stock Company "Citibank", Quilter Cheviot, Seguros Banamex S.A. de C.V. Integrante del Grupo Financiero Banamex, Seven World Holdings LLC, TRV Holdings LLC, TRV Investments LLC, Tarjetas Banamex S.A. de C.V. SOFOM E.R., The BISYS Group, and Yonder Investment Corporation. Read More

NYSE:C

Citigroup (C) Stock Price, News & Analysis

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Free C Stock Alerts

$57.21

-1.35 (-2.31%)

(As of 12:52 PM ET)

Compare

Today's Range: $57.03
▼
$58.55
50-Day Range: $52.79
▼
$63.46
52-Week Range: $38.17
▼
$63.90

Volume: 9.11 million shs
Average Volume: 17.15 million shs
Market Capitalization: $109.57 billion

P/E Ratio: 16.93
Dividend Yield: 3.71%
Price Target: $62.91

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Citigroup MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.59 Rating Score
Upside/Downside: 8.7% Upside
$62.91 Price Target
Short Interest: Healthy
1.56% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.49
Upright™ Environmental Score
News Sentiment: 0.42
Based on 88 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 25.31%
From $5.73 to $7.18 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.91 out of 5 stars

Finance Sector

41st out of 873 stocks

National Commercial Banks Industry

9th out of 84 stocks

2.3

Analyst's Opinion

Consensus Rating
Citigroup has received a consensus rating of Moderate Buy. The company's average rating score is 2.59, and is based on 11 buy ratings, 5 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Citigroup has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.56% of the float of Citigroup has been sold short.
Short Interest Ratio / Days to Cover
Citigroup has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Citigroup has recently increased by 5.04%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Citigroup is a leading dividend payer. It pays a dividend yield of 3.55%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Citigroup has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Citigroup is 62.72%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Citigroup will have a dividend payout ratio of 29.53% next year. This indicates that Citigroup will be able to sustain or increase its dividend.

2.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Citigroup has received a 15.59% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Credit cards", "Mortgages", and "Consumer deposit accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for Citigroup is -0.49.

3.0

News and Social Media Coverage

News Sentiment
Citigroup has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 88 news articles for Citigroup this week, compared to 44 articles on an average week.
Search Interest
161 people have searched for C on MarketBeat in the last 30 days. This is an increase of 46% compared to the previous 30 days.
MarketBeat Follows
66 people have added Citigroup to their MarketBeat watchlist in the last 30 days. This is an increase of 69% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Citigroup insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.08% of the stock of Citigroup is held by insiders.
Percentage Held by Institutions
71.72% of the stock of Citigroup is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

5.0

Earnings and Valuation

Earnings Growth
Earnings for Citigroup are expected to grow by 25.31% in the coming year, from $5.73 to $7.18 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Citigroup is 17.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Citigroup is 17.12, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.57.
Price to Earnings Growth Ratio
Citigroup has a PEG Ratio of 0.93. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Citigroup has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Citigroup Stock (NYSE:C)

Citigroup Inc. is one of the world’s largest financial institutions. It is the 13th largest bank globally by assets and 8th by market cap with operations in consumer and institutional banking. In the US, Citigroup is the 3rd largest bank by assets and one of the Big Four deemed systemically important and “too big to fail”.

Citigroup Inc. was founded in 1812 as the City Bank of New York. The bank was run by Samuel Osgood who led the company with success for many years, even throughout the War of 1812. The bank was later renamed the National City Bank of New York in 1865 and by 1895 is the largest bank in the US. In 1913 it was the first contributor to the Federal Reserve Bank of New York and a few years later it began to expand into overseas territories.

The bank became the First National City Bank of New York after another merger in 1955 and then later, the “New York” part was dropped off as part of the 150th-anniversary celebration. By 1974 the company is known as Citicorp which is still the operational branch of the business and a global banking powerhouse. A merger with Travelers insurance group in 1998 resulted in the name Citigroup but the joint venture did not last. By 2002 Travelers was publicly traded once again but Citigroup retained the new name.

Today, the company is headquartered in New York, New York but boasts more than 200 million customer accounts in 160 countries worldwide. As of mid-2022, it operated 2,649 branches in the United States, Mexico, and Asia. The company reports nearly 725 branches in the US and 1499 in Mexico with the rest scattered throughout its territory. Total annual revenue topped $75 billion in 2022.

Citigroup is a diversified financial services holding company that owns Citicorp among other assets. The company’s mission is to serve as a trusted partner providing responsible financial solutions to its clients. Citigroup provides financial products and services to consumers, corporations, governments, and institutions. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

The GCB segment offers traditional banking services including deposit and saving accounts, credit cards, personal loans, home loans, and investment services. This segment operates through local branches and digital means. The ICG segment offers wholesale banking products and services to corporate, institutional, public sector, and high-net-worth clients.

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