Oppenheimer Cuts Citigroup (NYSE:C) Price Target to $132.00

Citigroup (NYSE:C) had its price target lowered by Oppenheimer from $144.00 to $132.00 in a report released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts also recently commented on the company. Barclays raised 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. TD Cowen reaffirmed a “hold” rating on shares of Citigroup in a research report on Wednesday, January 7th. Wells Fargo & Company set a $150.00 price objective on shares of Citigroup in a report on Monday, January 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group increased their price target on Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.00.

Citigroup Price Performance

Shares of C stock opened at $107.40 on Friday. The stock has a 50 day moving average price of $112.90 and a 200 day moving average price of $108.20. Citigroup has a 52-week low of $55.51 and a 52-week high of $125.16. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $187.87 billion, a P/E ratio of 15.41, a P/E/G ratio of 0.69 and a beta of 1.17.

Citigroup (NYSE:C) last released its earnings results 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 business had revenue of $19.87 billion for the quarter, compared to analyst estimates of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.34 earnings per share. As a group, sell-side analysts predict that Citigroup will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

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

Insider Transactions at Citigroup

In other news, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $111.09, for a total value of $4,796,088.57. Following the sale, the insider owned 45,835 shares in the company, valued at $5,091,810.15. This trade represents a 48.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by insiders.

Institutional Trading of Citigroup

Several large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its holdings in Citigroup by 16.1% in the 4th 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 during the last quarter. World Investment Advisors boosted its position in shares of Citigroup by 24.3% during the 4th 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 during the last quarter. ARP Global Capital Ltd purchased a new stake in shares of Citigroup in the fourth quarter valued at about $5,544,000. Nalls Sherbakoff Group LLC acquired a new position in Citigroup in the fourth quarter valued at approximately $66,000. Finally, Larry Mathis Financial Planning LLC acquired a new position in Citigroup in the fourth quarter valued at about $860,000. 71.72% of the stock is currently 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.