Citigroup (NYSE:C) Cut to “Hold” at Wall Street Zen

Posted by George Bondi on Aug 11th, 2026

Wall Street Zen lowered shares of Citigroup (NYSE:C – Free Report) from a buy rating to a hold rating in a research report report published on Saturday.

Several other research analysts have also recently commented on C. Zacks Research upgraded shares of Citigroup from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. increased their target price on Citigroup from $135.50 to $149.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Truist Financial decreased their price target on Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. The Goldman Sachs Group increased their price objective on Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Finally, Bank of America boosted their target price on Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $145.22.

Get Our Latest Stock Analysis on Citigroup

Citigroup Stock Performance

NYSE:C opened at $135.15 on Friday. The company has a fifty day simple moving average of $136.93 and a two-hundred day simple moving average of $125.03. The company has a market cap of $230.51 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 0.61 and a beta of 1.12. 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 $90.68 and a 52 week high of $147.96.

Citigroup (NYSE:C – Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.41. The business had revenue of $24.77 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm earned $1.96 earnings per share. As a group, equities analysts anticipate that Citigroup will post 11.2 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 3rd will be paid a $0.67 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, August 3rd. Citigroup’s dividend payout ratio (DPR) is presently 28.94%.

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 buy up to 13.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Citigroup

Institutional investors have recently modified their holdings of the business. Truist Financial Corp grew its stake in shares of Citigroup by 4.7% in the fourth quarter. Truist Financial Corp now owns 375,977 shares of the company’s stock worth $43,873,000 after purchasing an additional 16,744 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in shares of Citigroup by 38.8% during the fourth quarter. UniSuper Management Pty Ltd now owns 1,306,851 shares of the company’s stock valued at $152,496,000 after purchasing an additional 365,041 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in Citigroup by 9.8% in the fourth quarter. Ritholtz Wealth Management now owns 132,679 shares of the company’s stock worth $15,482,000 after purchasing an additional 11,791 shares during the period. Finally, Merit Financial Group LLC grew its position in Citigroup by 15.6% in the 4th quarter. Merit Financial Group LLC now owns 96,453 shares of the company’s stock valued at $11,255,000 after buying an additional 13,046 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

Positive Sentiment: Citigroup appointed Jean-Baptiste Charlet, previously Morgan Stanley’s head of France, to lead its French operations. The hire may strengthen Citi’s investment-banking and commercial-banking presence in a key European market, although the near-term financial impact is likely limited. Citigroup poaches Charlet from Morgan Stanley to head French arm
Neutral Sentiment: Citigroup-related entities exited substantial-holder status in Vulcan Energy Resources. This appears to be a portfolio or ownership disclosure rather than a change to Citi’s core operations, and it is unlikely to have a meaningful effect on C shares. Citigroup Group Entities Exit Substantial Holder Status in Vulcan Energy Resources
Neutral Sentiment: A Citigroup analyst lowered the price target on Micron Technology while retaining a Buy rating, citing slowing memory-price growth and Chinese capacity risks. The report affects Micron directly, but has no immediate earnings implication for Citigroup beyond its role as the research provider. Micron’s Memory Boom Is Heading For A Peak, Analyst Warns

Citigroup Company Profile

(Get Free Report)

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.