Wells Fargo Reiterates Buy Rating on Citigroup Inc.
Wells Fargo maintains its buy stance on Citigroup with a $165 target, a 13.82% upside from the current price.
Key Points
- Wells Fargo reiterated its buy rating on Citigroup Inc. (C) with a price target of $165 on June 18, 2026.
- Wells Fargo's $165 price target implies 13.82% upside from Citigroup Inc.'s ($C) current $144.97 share price.
- Citigroup shares are trading at $143.78 with a market cap of $245.2 billion and a P/E ratio of 17.8.
- Major institutional investors like BlackRock and State Street have adjusted their Citigroup holdings recently.
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Wells Fargo has reiterated its buy rating on Citigroup Inc. (NYSE:C), setting a price target of $165. This decision was announced on June 18, 2026, by analyst Mike Mayo, who continues to view Citigroup favorably.
Other Institutional Activity in Citigroup
Several major institutional investors have recently adjusted their positions in Citigroup. BlackRock, Inc. trimmed its holdings by 7,858,226 shares, ending with 153,780,316 shares valued at approximately $17.44 billion. Vanguard Capital Management LLC added 109,658,356 shares, bringing its total to the same number of shares, worth about $12.44 billion. State Street Corp reduced its position by 1,871,853 shares to hold 78,042,648 shares valued at $8.85 billion. Meanwhile, Franklin Resources Inc. increased its stake by 4,774,532 shares, resulting in 38,971,315 shares valued at $4.42 billion.
Citigroup Inc. Stock Up 9.1%
Shares of Citigroup Inc. (NYSE:C) are trading near $143.78. The company boasts a market capitalization of $245.2 billion, with a P/E ratio of 17.8 and a forward P/E of 11.5. Citigroup has a beta of 1.115, indicating slightly higher volatility than the market. The stock's 52-week range is between $77.51 and $146.54. Its 50-day moving average is $129.19, while the 200-day moving average is $113.07.
$C price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Citigroup reported revenues of $78.73 billion with a growth rate of 15.9%. The company's net margin stands at 20.4%, and it achieved a return on equity of 7.6%. Citigroup's earnings per share were reported at $8.09. The next earnings report is scheduled for July 14, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
10 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 13.3%. Revenue beat estimates by 83.8%.
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Profit surprise
Operating income missed by 20 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
10 target raises.
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Earnings quality
Gross margin up 3.5 points. Operating margin up 3.8 points. Positive free cash flow.
Earnings Call Summary
Citigroup reported strong first quarter results with 14 percent revenue growth, reaching $44.1 billion, and earnings per share of $3.06 well above the $2.64 consensus. Services business revenues jumped 17 percent and Markets surpassed $7 billion in quarterly revenues for the first time in ten years, with equities up nearly 40 percent. Management stressed the bank is only pursuing organic growth and has no interest in acquisitions, and said 90 percent of their regulatory transformation work is now complete or near completion.
Guidance Management reaffirmed their target of 10 to 11 percent return on equity for the full year 2026. They expect net interest income to grow 5 to 6 percent, and said they will share more detail on capital plans and buybacks at an investor meeting in May.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Dividend
Citigroup offers an annual dividend rate of $2.40, yielding 1.68% with a payout ratio of 29.17%. This provides investors with a steady income stream alongside potential capital appreciation.
Insider Buying and Selling at Citigroup Inc.
Recent insider transactions at Citigroup include several sales and purchases. On May 8, 2026, John Cunningham Dugan sold 2,117 shares at an average price of $125.30. Earlier, on April 20, 2026, David Livingstone, Chief Client Officer, sold 85,180 shares at $132.18. On April 15, 2026, Nicole Giles, Chief Accounting Officer, sold 12,732 shares at $131.80, while Edward Skyler, Head of Enterprise Services & Public Affairs, sold 25,000 shares at $131.41. On April 1, 2026, Grace Dailey and Gary Reiner bought 7 and 405 shares respectively at $110.99.
Analysts Set New Price Targets
On June 18, 2026, Wells Fargo maintained its buy rating on Citigroup with a price target of $165. Other firms have also shown confidence in Citigroup: Keefe, Bruyette & Woods maintained a buy rating with a $153 target on May 8, 2026, and JP Morgan reiterated a buy rating with a $135.5 target on April 30, 2026. The consensus among analysts is a buy recommendation, with an average target price of $146.93 based on 21 opinions.
About Citigroup Inc.
Citigroup Inc. is a diversified financial services company headquartered in New York, NY. It provides a wide range of financial products and services to consumers, corporations, governments, and institutions worldwide. Under the leadership of CEO Jane Fraser, Citigroup operates through segments like Services, Markets, Banking, U.S. Personal Banking, and Wealth. The company has a significant global presence with operations in North America, Europe, Asia, and other regions, employing approximately 224,000 people.
Bottom Line
Wells Fargo's reiteration of its buy rating for Citigroup Inc. reinforces investors' interest in the financial giant. With a solid market cap and a clear growth strategy, Citigroup remains a key player in the diversified financial services industry. As always, remember that analyst ratings are opinions and investors should consider their own research and risk tolerance.
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