The Goldman Sachs Group Issues Positive Forecast for Citigroup (NYSE:C) Stock Price

Citigroup (NYSE:C) had its price target lifted by The Goldman Sachs Group from $123.00 to $137.00 in a report published on Monday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other brokerages also recently commented on C. Piper Sandler set a $135.00 price target on shares of Citigroup in a report on Thursday, January 15th. UBS Group reiterated a “neutral” rating and set a $132.00 price target on shares of Citigroup in a report on Thursday, January 15th. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Jefferies Financial Group began coverage on shares of Citigroup in a report on Thursday, March 26th. They set a “buy” rating and a $135.00 price target on the stock. Finally, Oppenheimer cut their price target on shares of Citigroup from $144.00 to $132.00 and set an “outperform” rating on the stock in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.59.

Citigroup Stock Up 1.7%

Shares of C opened at $117.25 on Monday. The company has a market cap of $205.11 billion, a PE ratio of 16.82, a P/E/G ratio of 0.74 and a beta of 1.11. The business has a fifty day moving average of $112.79 and a 200 day moving average of $108.77. Citigroup has a 52-week low of $55.51 and a 52-week 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.

Citigroup (NYSE:C) last issued its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.65 by $0.16. The company had revenue of $19.87 billion for 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 firm’s 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 EPS. On average, sell-side analysts expect that Citigroup will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, May 4th. Citigroup’s payout ratio is currently 34.43%.

Insider Activity

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the completion of the sale, the insider directly owned 45,835 shares of the company’s stock, valued at approximately $5,091,810.15. The trade was a 48.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.08% of the company’s stock.

Institutional Trading of Citigroup

A number of large investors have recently made changes to their positions in C. Rockefeller Capital Management L.P. raised its holdings in shares of Citigroup by 16.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 923,984 shares of the company’s stock valued at $107,820,000 after acquiring an additional 128,108 shares in the last quarter. World Investment Advisors raised its holdings in shares of Citigroup by 24.3% in the fourth quarter. World Investment Advisors now owns 125,531 shares of the company’s stock valued at $14,648,000 after acquiring an additional 24,530 shares in the last quarter. ARP Global Capital Ltd bought a new stake in shares of Citigroup in the fourth quarter valued at about $5,544,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Citigroup in the fourth quarter valued at about $66,000. Finally, Larry Mathis Financial Planning LLC bought a new stake in shares of Citigroup in the fourth quarter valued at about $860,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Goldman Sachs raised its price target on Citigroup to $137 and reiterated a “buy” rating — a direct analyst catalyst that boosts investor demand by implying ~17% upside from recent levels. Benzinga
• Positive Sentiment: Citigroup declared a quarterly dividend of $0.60 per share (record May 4, payable May 22) — increases cash return visibility and supports income-focused ownership. (Company announcement)
• Positive Sentiment: Citigroup itself pushed back its Fed rate‑cut forecast, now expecting cuts to start in September — a later cut schedule implies higher interest rates for longer, which generally supports banks’ net interest margins and near‑term profitability. TipRanks
• Neutral Sentiment: Industry outlook: analysts expect major U.S. banks (including Citigroup) to deliver broadly in‑line to slightly better Q1 results — supportive overall but keeps focus on Citigroup’s specific revenue mix and trading/loan trends. ProactiveInvestors
• Negative Sentiment: Wider macro and geopolitical risks (inflation concerns and Middle East tensions) are being flagged by Fed officials and markets — these raise volatility and could weigh on fee businesses, trading revenue and investor sentiment even if higher rates help margins. Blockonomi

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.