Citigroup (NYSE:C) Upgraded by Zacks Research to Strong-Buy Rating

Citigroup (NYSE:C) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other analysts have also recently commented on C. Oppenheimer cut shares of Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Bank of America increased their price objective on shares of Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Wall Street Zen raised shares of Citigroup from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Piper Sandler restated an “overweight” rating and set a $145.00 target price (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. Finally, The Goldman Sachs Group upped their price target on shares of Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.67.

Citigroup Trading Down 1.7%

Shares of NYSE:C opened at $129.46 on Thursday. 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 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 price-to-earnings ratio of 13.98, a PEG ratio of 0.60 and a beta of 1.11. The business has a 50-day moving average price of $134.34 and a 200-day moving average price of $123.33.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The firm had revenue of $24.75 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same quarter in the prior year, the firm earned $1.96 earnings per share. Citigroup’s revenue for the quarter was up 14.5% on a year-over-year basis. Equities analysts predict that Citigroup will post 11.15 EPS for the current year.

Citigroup declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 7th that allows the company to repurchase $30.00 billion in shares. This repurchase authorization allows the company to reacquire up to 13.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director John Cunningham Dugan sold 2,117 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.11% of the company’s stock.

Institutional Trading of Citigroup

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ballast Inc. acquired a new position in shares of Citigroup during the 2nd quarter worth approximately $675,000. Regent Peak Wealth Advisors LLC lifted its position in shares of Citigroup by 8.2% during the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 4,567 shares of the company’s stock valued at $639,000 after buying an additional 346 shares in the last quarter. Hudson Value Partners LLC acquired a new stake in Citigroup in the 2nd quarter valued at $600,000. FORM Wealth Advisors LLC acquired a new stake in Citigroup in the 2nd quarter valued at $205,000. Finally, Tema ETFs LLC increased its holdings in Citigroup by 10.6% in the 2nd quarter. Tema ETFs LLC now owns 36,447 shares of the company’s stock worth $5,101,000 after acquiring an additional 3,480 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup News Roundup

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?

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.