Citigroup (NYSE:C) Upgraded at Zacks Research

Zacks Research upgraded shares of Citigroup (NYSE:C) from a hold rating to a strong-buy rating in a research note published on Thursday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods boosted their target price on shares of Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Evercore set a $143.00 price target on shares of Citigroup in a report on Monday, July 6th. Truist Financial reduced their price target on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday. Oppenheimer cut Citigroup from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. raised their target price on Citigroup from $135.50 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $145.67.

Citigroup Stock Down 1.7%

Shares of NYSE:C opened at $129.46 on Thursday. Citigroup has a 52-week low of $87.94 and a 52-week high of $147.96. The stock has a market cap of $220.81 billion, a P/E ratio of 13.98, a PEG ratio of 0.59 and a beta of 1.11. The business has a fifty day moving average of $134.34 and a two-hundred day moving average of $123.33. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, topping the consensus estimate of $2.74 by $0.41. The business had revenue of $24.75 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 EPS. On average, research analysts expect that Citigroup will post 11.15 earnings per share for the current year.

Citigroup announced that its Board of Directors has authorized a share buyback plan on Thursday, May 7th that permits the company to repurchase $30.00 billion in shares. This repurchase authorization permits the company to purchase up to 13.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.30, for a total transaction of $265,260.10. Following the sale, the director owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. This represents a 14.79% 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 the SEC website. Corporate insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On Citigroup

Several large investors have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC purchased a new stake in shares of Citigroup during the first quarter worth $25,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Citigroup in the fourth quarter valued at $25,000. Richards Merrill & Peterson Inc. purchased a new position in Citigroup in the fourth quarter valued at $28,000. TD Capital Management LLC purchased a new position in Citigroup in the fourth quarter valued at $28,000. Finally, IMG Wealth Management Inc. grew its stake in Citigroup by 197.6% during the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after purchasing an additional 162 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup was added to Zacks’ Rank #1 (Strong Buy) list, signaling improving earnings momentum and potentially attracting more near-term buying. New Strong Buy Stocks for July 17th
• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 earnings estimates for Citigroup, reinforcing the view that profits may continue trending higher. Citigroup stock page / analyst estimate update
• Positive Sentiment: Market commentary highlighted Citigroup as one of the standouts in early Q2 bank earnings, alongside peers that beat expectations, which supports the broader bullish case for the shares. Q2 Earnings: 2 Winners and 1 Loser So Far
• Positive Sentiment: Citigroup’s Q2 results beat estimates, with revenue and EPS both coming in above Wall Street forecasts, keeping investor sentiment constructive after the earnings release. Citigroup earnings data
• Neutral Sentiment: Citigroup announced a full redemption of its Series T preferred stock, which is a capital-structure change but not a major operating catalyst by itself. Citigroup Announces Full Redemption of Series T Preferred Stock
• Neutral Sentiment: Several brokerage and market items reiterated or discussed Citigroup’s valuation and relative attractiveness versus peers, adding context but not introducing a major new surprise. Citigroup vs. Wells Fargo: Which Bank Stock Looks Attractive Post Q2 Results?

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.