Citigroup (NYSE:C) Price Target Raised to $134.00 at JPMorgan Chase & Co.

Citigroup (NYSE:C) had its target price raised by JPMorgan Chase & Co. from $130.00 to $134.00 in a research report released on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms also recently issued reports on C. Piper Sandler set a $135.00 target price on Citigroup in a research note on Thursday, January 15th. HSBC reiterated a “buy” rating and set a $87.00 price target on shares of Citigroup in a research note on Wednesday, January 7th. Truist Financial lifted their price objective on shares of Citigroup from $123.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $121.00 target price on shares of Citigroup in a report on Thursday, January 15th. Finally, Wells Fargo & Company set a $150.00 price target on shares of Citigroup in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $126.19.

Citigroup Price Performance

Shares of C opened at $123.84 on Monday. The firm has a 50-day simple moving average of $115.69 and a two-hundred day simple moving average of $104.23. The stock has a market cap of $221.58 billion, a PE ratio of 17.77, a P/E/G ratio of 0.78 and a beta of 1.18. Citigroup has a 1-year low of $55.51 and a 1-year high of $125.16. 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 data on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The firm had revenue of $19.87 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter last year, the company posted $1.34 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, analysts forecast that Citigroup will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, February 2nd. Citigroup’s dividend payout ratio (DPR) is currently 34.43%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of C. Norges Bank acquired a new position in Citigroup in the second quarter worth approximately $2,455,929,000. Vanguard Group Inc. grew its position in Citigroup by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after acquiring an additional 4,938,923 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Citigroup by 17.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 28,125,995 shares of the company’s stock worth $2,854,788,000 after purchasing an additional 4,211,099 shares during the last quarter. Capital World Investors raised its holdings in shares of Citigroup by 6.5% during the 3rd quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock valued at $4,797,292,000 after purchasing an additional 2,871,074 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Citigroup by 6,172.0% in the 3rd quarter. Bessemer Group Inc. now owns 2,904,795 shares of the company’s stock valued at $294,838,000 after purchasing an additional 2,858,481 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: JPMorgan raised its price target on Citigroup from $130 to $134 and reaffirmed an “overweight” rating, a direct catalyst that can prompt buy interest and supports upside expectations. JPMorgan raises Citigroup price target
• Positive Sentiment: Analyst/market writeups name Citi among top investment‑banking picks after solid Q4 earnings and improving trading/deal activity, reinforcing the narrative that Citi can benefit from a rebound in markets and fees. Zacks: 3 Must-Buy Investment Banks
• Neutral Sentiment: Citi is acting as a joint global coordinator on the UI Boustead REIT IPO in Singapore, which can add fee revenue and Asia deal flow exposure but is unlikely to move the stock materially on its own. UI Boustead REIT premarketing
• Neutral Sentiment: Analysis on Citi’s valuation highlights new preferred‑stock and bond issuances that are reshaping its capital mix — this affects leverage and investor returns but the ultimate impact depends on issuance size, costs and how management deploys proceeds. Valuation: preferred stock and bond issuances
• Negative Sentiment: Wider market stress in commercial real estate — office CMBS defaults hitting new highs — is a sector risk for banks; rising CRE delinquencies could pressure loan performance and increase reserves, which is a potential headwind for Citi if exposure proves significant. Office CMBS defaults rise

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.