Makemytrip: Citigroup Maintains Buy Rating, PT Lowered to $120 from $125

Makemytrip: Citigroup Maintains Buy Rating, PT Lowered to $120 from $125

Citigroup Inc. (NYSE:C) has seen a slight adjustment in its analyst ratings and price targets, reflecting a recent shift in market sentiment. On July 2, 2025, Oppenheimer lowered its price target on Citigroup shares from $125 to $120, while maintaining a "buy" rating. This move follows a series of changes in analyst opinions and institutional holdings in the first quarter of 2025.

In the first quarter of 2025, several institutional investors and hedge funds either reduced or increased their stakes in Citigroup. Convergence Investment Partners LLC sold 6,396 shares, representing a 27.9% reduction in its holdings, while other firms like WESPAC Advisors SoCal LLC and Madison Asset Management LLC added new positions worth $747,000 and $248,000, respectively [1]. Despite these changes, institutional investors and hedge funds collectively own 71.72% of the company's stock.

Analysts have also been adjusting their price targets and ratings. Goldman Sachs Group increased its price target from $85.00 to $96.00 and assigned a "buy" rating, while JPMorgan Chase & Co. lowered its target from $85.50 to $75.50 and set a "neutral" rating. Oppenheimer, Truist Financial, and TD Cowen also revised their price targets and ratings, with Oppenheimer setting a new target of $120 and a "buy" rating [1].

Citigroup's stock performance has been stable, with a market capitalization of $175.74 billion and a P/E ratio of 13.90. The company reported earnings per share of $1.96 for the quarter ending July 15, 2025, beating analysts' expectations by $0.35. The firm also announced a quarterly dividend of $0.60, payable on August 22, 2025, with an annualized dividend of $2.40 and a yield of 2.55% [1].

References:

[1] https://www.marketbeat.com/instant-alerts/filing-citigroup-inc-nysec-shares-sold-by-convergence-investment-partners-llc-2025-07-23/