Oppenheimer Issues Pessimistic Forecast for Citigroup (NYSE:C) Stock Price

Citigroup (NYSE:C) had its target price cut by equities researchers at Oppenheimer from $144.00 to $132.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 22.91% from the stock’s previous close.

A number of other research analysts have also commented on C. Wolfe Research reaffirmed an “outperform” rating and set a $141.00 price target on shares of Citigroup in a research report on Wednesday, January 7th. HSBC reiterated a “buy” rating and issued a $87.00 price objective on shares of Citigroup in a research report on Wednesday, January 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $121.00 target price on shares of Citigroup in a research note on Thursday, January 15th. UBS Group restated a “neutral” rating and set a $132.00 target price on shares of Citigroup in a report on Thursday, January 15th. Finally, Barclays raised their price target on Citigroup from $115.00 to $146.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.00.

Citigroup Price Performance

Shares of Citigroup stock opened at $107.40 on Friday. The firm has a market cap of $187.87 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 0.69 and a beta of 1.17. Citigroup has a 12-month low of $55.51 and a 12-month high of $125.16. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. The company’s fifty day simple moving average is $112.90 and its two-hundred day simple moving average is $108.13.

Citigroup (NYSE:C) last issued its quarterly earnings data 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 the consensus estimate of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. As a group, equities analysts expect that Citigroup will post 7.53 EPS for the current year.

Insider Activity

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $111.09, for a total value of $4,796,088.57. Following the completion of the transaction, the insider owned 45,835 shares of the company’s stock, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On Citigroup

Several hedge funds have recently made changes to their positions in C. Vanguard Group Inc. lifted its position in Citigroup by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock valued at $19,048,467,000 after buying an additional 4,938,923 shares during the period. Capital World Investors boosted 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 buying an additional 2,871,074 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Citigroup by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock worth $5,036,712,000 after buying an additional 189,548 shares during the period. Franklin Resources Inc. increased its stake in shares of Citigroup by 4.0% in the 4th quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock worth $3,990,422,000 after acquiring an additional 1,326,224 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Citigroup by 2.6% in the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock worth $3,954,307,000 after acquiring an additional 846,772 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi’s push into London bullion custody and clearing is a strategic growth move that diversifies fee revenue and positions the bank in a recovering gold market; this expansion can lift non‑interest income over time. Read More.
• Positive Sentiment: Recent analyst actions are supportive: Jefferies initiated coverage with a buy/strong‑buy and Jefferies/Oppenheimer maintain above‑market targets ($135 and $132 noted), which can provide a floor for longer‑term investor demand. Read More. and Read More.
• Neutral Sentiment: Management/headcount moves in Asia (senior banker departures) are being reported; such changes can create short‑term noise but are not yet tied to Citi’s core U.S. earnings outlook. Read More.
• Neutral Sentiment: Citi commentary on payments, stablecoins and digital initiatives signals ongoing strategic investments in fee businesses; these are long‑lead revenue drivers rather than immediate EPS catalysts. Read More.
• Negative Sentiment: Bloomberg reported Citi is weighing a purchase of a large U.S. regional bank or brokerage — a high‑profile M&A rumor that triggered selling due to uncertainty over cost, regulatory scrutiny and potential execution risk. Citi later called the report “baseless speculation,” but the initial leak moved the tape. Read More. and Read More.
• Negative Sentiment: Broad weakness in financials amplified Citigroup’s decline today; the NYSE financial index dropped and traders rotated out of banking names on the headlines, increasing downside pressure. Read More.

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.