Piper Sandler Issues Positive Forecast for Citigroup (NYSE:C) Stock Price

Citigroup (NYSE:C) had its target price hoisted by Piper Sandler from $120.00 to $130.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

C has been the topic of a number of other research reports. Morgan Stanley boosted their price objective on shares of Citigroup from $129.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Truist Financial boosted their price target on Citigroup from $112.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Barclays upped their price target on Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Cowen reiterated a “hold” rating on shares of Citigroup in a report on Wednesday, December 10th. Finally, Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $115.25.

Citigroup Stock Performance

NYSE:C opened at $117.13 on Tuesday. The company has a market capitalization of $209.58 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 0.59 and a beta of 1.21. The business has a 50 day moving average of $105.83 and a 200 day moving average of $97.88. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup has a 1-year low of $55.51 and a 1-year high of $122.84.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. The firm had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $1.51 earnings per share. On average, sell-side analysts predict that Citigroup will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, November 3rd. Citigroup’s dividend payout ratio is 33.71%.

Institutional Trading of Citigroup

Several hedge funds and other institutional investors have recently made changes to their positions in C. Wolff Wiese Magana LLC grew its stake in shares of Citigroup by 87.6% in the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock worth $26,000 after acquiring an additional 120 shares during the last quarter. Dunhill Financial LLC grew its position in Citigroup by 92.2% during the 3rd quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock valued at $32,000 after purchasing an additional 153 shares during the last quarter. Guerra Advisors Inc bought a new stake in Citigroup during the 3rd quarter valued at about $33,000. Howard Hughes Medical Institute purchased a new position in Citigroup in the second quarter worth about $34,000. Finally, DHJJ Financial Advisors Ltd. lifted its stake in shares of Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after buying an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Piper Sandler raised its price target on Citigroup to $130 and kept an “overweight” rating, signaling analyst confidence in upside and supporting the stock. Piper Sandler Price Target Raise
• Positive Sentiment: J.P. Morgan (analyst Vivek Juneja) has maintained a Buy stance, arguing the Russia exit and related adjustments support a cleaner risk profile and modest capital benefits. J.P. Morgan Buy Rating
• Positive Sentiment: Analysts and commentators note that completing the Russia exit removes an ongoing geopolitical exposure and could modestly improve capital flexibility over time — a potential longer-term positive for valuation. Russia Exit: Bigger Win Argument
• Neutral Sentiment: Citigroup’s head of U.S. equity strategy said the market is in a “boom” rather than a bubble — a macro viewpoint that supports risk appetite but is not a direct company catalyst. Market Comment from Citi Strategist
• Neutral Sentiment: Small institutional buying: Apella Capital disclosed a modest stake purchase in Citigroup, a minor vote of confidence but not a material ownership change. Apella Capital Stake
• Neutral Sentiment: Citi research calls (including high-profile Bitcoin and crypto scenario notes) and wider bank-sector optimism add context but are unlikely to move the stock immediately. Citi Research Notes
• Negative Sentiment: Citigroup’s board approved the sale of AO Citibank in Russia, which will trigger a one-time pre-tax loss of roughly $1.1–$1.2 billion in the current quarter — an immediate earnings and capital hit that is pressuring the stock. Reuters: Board Approves Russia Unit Sale

Citigroup Company Profile

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.