Citigroup (NYSE:C) Price Target Cut to $132.00 by Analysts at Oppenheimer

Citigroup (NYSE:C) had its price objective reduced by Oppenheimer from $144.00 to $132.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms have also commented on C. HSBC reissued a “buy” rating and issued a $87.00 target price on shares of Citigroup in a report on Wednesday, January 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $121.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. Barclays lifted their price objective on Citigroup from $115.00 to $146.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Wolfe Research reissued an “outperform” rating and issued a $141.00 target price on shares of Citigroup in a research report on Wednesday, January 7th. Finally, Truist Financial upped their target price on shares of Citigroup from $123.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

Citigroup Trading Down 4.5%

NYSE:C opened at $107.40 on Friday. The stock has a market cap of $187.87 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 0.72 and a beta of 1.17. 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 50 day moving average price is $112.90 and its 200-day moving average price is $108.05. Citigroup has a 52 week low of $55.51 and a 52 week high of $125.16.

Citigroup (NYSE:C) last announced 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. The company had revenue of $19.87 billion during the quarter, compared to analyst estimates of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 EPS. On average, equities research analysts forecast that Citigroup will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 2nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, February 2nd. Citigroup’s dividend payout ratio (DPR) is 34.43%.

Insider Activity at Citigroup

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s stock in a transaction on Friday, February 13th. The stock was 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 owned 45,835 shares in the company, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its position in shares of Citigroup by 16.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 923,984 shares of the company’s stock valued at $107,820,000 after purchasing an additional 128,108 shares during the last quarter. World Investment Advisors lifted its stake in shares of Citigroup by 24.3% in the 4th quarter. World Investment Advisors now owns 125,531 shares of the company’s stock worth $14,648,000 after purchasing an additional 24,530 shares during the period. ARP Global Capital Ltd purchased a new position in shares of Citigroup in the fourth quarter worth approximately $5,544,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Citigroup in the fourth quarter worth approximately $66,000. Finally, Larry Mathis Financial Planning LLC bought a new stake in Citigroup during the fourth quarter valued at approximately $860,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Citigroup

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.

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.