Truist Financial Has Lowered Expectations for Citigroup (NYSE:C) Stock Price

Citigroup (NYSE:C) had its target price decreased by research analysts at Truist Financial from $158.00 to $154.00 in a research report issued to clients and investors on Wednesday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 17.01% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Oppenheimer downgraded Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Jefferies Financial Group assumed coverage on Citigroup in a research note on Thursday, March 26th. They set a “buy” rating and a $135.00 price objective on the stock. Keefe, Bruyette & Woods increased their price objective on 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 target price on shares of Citigroup in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. lifted their price target on Citigroup from $135.50 to $149.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.67.

Citigroup Stock Down 2.4%

Shares of Citigroup stock opened at $131.61 on Wednesday. Citigroup has a 1 year low of $87.94 and a 1 year high of $147.96. The business has a 50-day moving average of $134.26 and a two-hundred day moving average of $123.28. The company has a market capitalization of $224.47 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 0.62 and a beta of 1.11. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. The firm had revenue of $24.75 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.96 earnings per share. As a group, equities analysts predict that Citigroup will post 11.13 EPS for the current year.

Citigroup announced that its board has authorized a stock buyback program on Thursday, May 7th that permits the company to buyback $30.00 billion in shares. This buyback authorization permits the company to purchase up to 13.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of the sale, the director owned 12,194 shares of the company’s stock, valued at $1,527,908.20. The trade was a 14.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.11% of the stock is owned by company insiders.

Institutional Trading of Citigroup

A number of institutional investors have recently modified their holdings of C. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 4,938,923 shares during the period. Geode Capital Management LLC lifted its stake in Citigroup by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock valued at $5,036,712,000 after purchasing an additional 189,548 shares during the last quarter. Franklin Resources Inc. lifted its stake in Citigroup by 4.0% in the 4th quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock valued at $3,990,422,000 after purchasing an additional 1,326,224 shares during the last quarter. Fisher Asset Management LLC increased its holdings in 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 purchasing an additional 846,772 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Citigroup by 2.8% in the first quarter. Bank of America Corp DE now owns 26,869,012 shares of the company’s stock valued at $3,047,215,000 after purchasing an additional 728,043 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup posted a standout Q2, with revenue reaching a decade-high $24.75 billion and EPS of $3.15, both above expectations; the company also showed broad strength across trading and investment banking. Citigroup Inc (C) Q2 2026 Earnings Call Highlights: Record Revenue and Strategic Investments …
• Positive Sentiment: Analysts highlighted Citigroup as one of the early Q2 earnings winners, and both RBC and Truist reaffirmed bullish ratings, underscoring confidence in Citi’s momentum and restructuring progress. Q2 Earnings: 2 Winners and 1 Loser So Far
• Positive Sentiment: Citigroup announced the full redemption of $1.5 billion of Series T preferred stock, a capital-management move that may be viewed favorably by investors if it simplifies the balance sheet and reduces preferred obligations. Citigroup Announces Full Redemption of Series T Preferred Stock
• Neutral Sentiment: Citigroup’s Indian clients are increasingly hedging against rupee volatility, a reminder that Citi’s global markets franchise remains active but not necessarily a near-term earnings catalyst. Citigroup’s Indian Clients Shift Focus to Rupee Volatility
• Negative Sentiment: Despite the earnings beat, shares have weakened because investors are worried that higher expenses and ongoing investment spending could limit second-half profitability. US Stock Market: Citigroup shares slide after upbeat results fail to ease worries over higher costs

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.