company background image
C

Citigroup NYSE:C Stock Report

Last Price

US$43.84

Market Cap

US$84.9b

7D

1.0%

1Y

-39.5%

Updated

05 Oct, 2022

Data

Company Financials +
C fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends6/6

C Stock Overview

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa.

Citigroup Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Citigroup
Historical stock prices
Current Share PriceUS$43.84
52 Week HighUS$73.73
52 Week LowUS$41.06
Beta1.6
1 Month Change-10.24%
3 Month Change-6.58%
1 Year Change-39.46%
3 Year Change-34.98%
5 Year Change-41.50%
Change since IPO79.09%

Recent News & Updates

Sep 23

Citi plans to scale back lending to asset managers amid new capital rules - report

Citigroup (NYSE:C) is said to plan to cut back the amount it lends to asset managers, including private equity firms, amid new capital rules. Citi (C) plans to cut its lending for what is known as "subscription-line financing" to about $20 billion in coming months from about $65 billion, according to a Financial Times report, citing people familiar. The bank is said to have alerted some of its biggest private equity clients about the changes. The news comes after an Apollo (APO) executive earlier this month said that he doesn't expect banks to to start financing debt for leveraged buyouts anytime soon.

Shareholder Returns

CUS BanksUS Market
7D1.0%6.3%4.4%
1Y-39.5%-21.8%-18.2%

Return vs Industry: C underperformed the US Banks industry which returned -21.8% over the past year.

Return vs Market: C underperformed the US Market which returned -18.2% over the past year.

Price Volatility

Is C's price volatile compared to industry and market?
C volatility
C Average Weekly Movement5.4%
Banks Industry Average Movement3.5%
Market Average Movement6.9%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: C is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: C's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1812231,000Jane Fraserhttps://www.citigroup.com

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, Citi-branded cards, and Citi retail services.

Citigroup Fundamentals Summary

How do Citigroup's earnings and revenue compare to its market cap?
C fundamental statistics
Market CapUS$84.91b
Earnings (TTM)US$15.78b
Revenue (TTM)US$72.12b

5.4x

P/E Ratio

0.5x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
C income statement (TTM)
RevenueUS$72.12b
Cost of RevenueUS$0
Gross ProfitUS$72.12b
Other ExpensesUS$56.35b
EarningsUS$15.78b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 14, 2022

Earnings per share (EPS)8.15
Gross Margin100.00%
Net Profit Margin21.87%
Debt/Equity Ratio279.9%

How did C perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

26%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is C undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for C?

Other financial metrics that can be useful for relative valuation.

C key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio3.6x

Price to Earnings Ratio vs Peers

How does C's PE Ratio compare to its peers?

C PE Ratio vs Peers
The above table shows the PE ratio for C vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.5x
USB U.S. Bancorp
9.7x13.8%US$62.7b
WFC Wells Fargo
10x15.1%US$164.3b
BAC Bank of America
9.7x9.6%US$256.5b
JPM JPMorgan Chase
8.7x6.7%US$324.7b
C Citigroup
5.4x1.5%US$84.9b

Price-To-Earnings vs Peers: C is good value based on its Price-To-Earnings Ratio (5.4x) compared to the peer average (9.5x).


Price to Earnings Ratio vs Industry

How does C's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: C is good value based on its Price-To-Earnings Ratio (5.4x) compared to the US Banks industry average (9.7x)


Price to Earnings Ratio vs Fair Ratio

What is C's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

C PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.4x
Fair PE Ratio14.1x

Price-To-Earnings vs Fair Ratio: C is good value based on its Price-To-Earnings Ratio (5.4x) compared to the estimated Fair Price-To-Earnings Ratio (14.1x).


Share Price vs Fair Value

What is the Fair Price of C when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: C ($43.84) is trading below our estimate of fair value ($67.64)

Significantly Below Fair Value: C is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Citigroup forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


1.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: C's forecast earnings growth (1.5% per year) is below the savings rate (1.9%).

Earnings vs Market: C's earnings (1.5% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: C's earnings are forecast to grow, but not significantly.

Revenue vs Market: C's revenue (1.2% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: C's revenue (1.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: C's Return on Equity is forecast to be low in 3 years time (7.5%).


Discover growth companies

Past Performance

How has Citigroup performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: C has high quality earnings.

Growing Profit Margin: C's current net profit margins (21.9%) are lower than last year (27.4%).


Past Earnings Growth Analysis

Earnings Trend: C's earnings have grown significantly by 24.9% per year over the past 5 years.

Accelerating Growth: C's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: C had negative earnings growth (-22.4%) over the past year, making it difficult to compare to the Banks industry average (8.4%).


Return on Equity

High ROE: C's Return on Equity (8.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Citigroup's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: C's Assets to Equity ratio (11.9x) is moderate.

Allowance for Bad Loans: C has a sufficient allowance for bad loans (526%).

Low Risk Liabilities: 61% of C's liabilities are made up of primarily low risk sources of funding.

Loan Level: C has an appropriate level of Loans to Assets ratio (27%).

Low Risk Deposits: C's Loans to Deposits ratio (49%) is appropriate.

Level of Bad Loans: C has an appropriate level of bad loans (0.5%).


Discover healthy companies

Dividend

What is Citigroup current dividend yield, its reliability and sustainability?

Dividend Score

6/6

Dividend Score 6/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.65%

Current Dividend Yield

Dividend Yield vs Market

Citigroup Dividend Yield vs Market
How does Citigroup dividend yield compare to the market?
SegmentDividend Yield
Company (Citigroup)4.7%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.5%
Industry Average (Banks)3.2%
Analyst forecast in 3 Years (Citigroup)4.9%

Notable Dividend: C's dividend (4.65%) is higher than the bottom 25% of dividend payers in the US market (1.6%).

High Dividend: C's dividend (4.65%) is in the top 25% of dividend payers in the US market (4.53%)


Stability and Growth of Payments

Stable Dividend: C's dividends per share have been stable in the past 10 years.

Growing Dividend: C's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (25.6%), C's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: C's dividends in 3 years are forecast to be well covered by earnings (30.6% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Jane Fraser (54 yo)

2.08yrs

Tenure

US$20,541,324

Compensation

Ms. Jane Nind Fraser, Ph D., is the Chief Executive Officer of Citigroup Inc. since March 2021. During her 18-year career at Citigroup Inc., she has held leadership roles across Citigroup Inc.'s consume...


CEO Compensation Analysis

Jane Fraser's Compensation vs Citigroup Earnings
How has Jane Fraser's remuneration changed compared to Citigroup's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$16b

Mar 31 2022n/an/a

US$17b

Dec 31 2021US$21mUS$1m

US$21b

Sep 30 2021n/an/a

US$22b

Jun 30 2021n/an/a

US$20b

Mar 31 2021n/an/a

US$15b

Dec 31 2020US$17mUS$500k

US$10b

Sep 30 2020n/an/a

US$11b

Jun 30 2020n/an/a

US$12b

Mar 31 2020n/an/a

US$16b

Dec 31 2019US$17mUS$500k

US$18b

Sep 30 2019n/an/a

US$17b

Jun 30 2019n/an/a

US$17b

Mar 31 2019n/an/a

US$17b

Dec 31 2018US$9mUS$500k

US$17b

Sep 30 2018n/an/a

-US$6b

Jun 30 2018n/an/a

-US$7b

Mar 31 2018n/an/a

-US$7b

Dec 31 2017US$9mUS$500k

-US$8b

Sep 30 2017n/an/a

US$14b

Jun 30 2017n/an/a

US$14b

Mar 31 2017n/an/a

US$14b

Dec 31 2016US$8mUS$500k

US$14b

Compensation vs Market: Jane's total compensation ($USD20.54M) is above average for companies of similar size in the US market ($USD13.00M).

Compensation vs Earnings: Jane's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: C's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: C's board of directors are considered experienced (9.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NYSE:C Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
11 Feb 22SellUS$1,014,614Sara WechterIndividual14,800US$68.56
11 Feb 22SellUS$650,405Michael WhitakerIndividual9,474US$68.66
11 Feb 22SellUS$549,468Zdenek TurekIndividual8,000US$68.68
11 Feb 22SellUS$343,300Mary McNiffIndividual5,000US$68.66
19 Oct 21SellUS$2,014,268Ernesto Torres CantúIndividual27,783US$72.50

Ownership Breakdown

What is the ownership structure of C?
Owner TypeNumber of SharesOwnership Percentage
State or Government889,1900.05%
Individual Insiders2,911,3250.2%
Public Companies55,155,7972.8%
General Public514,340,68526.6%
Institutions1,363,412,62670.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 44.8% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
8.49%
The Vanguard Group, Inc.
164,361,727$7.2b-2.56%0.16%
8.41%
BlackRock, Inc.
162,806,013$7.1b-1.25%0.17%
4.43%
State Street Global Advisors, Inc.
85,817,215$3.8b-8.03%0.2%
2.85%
Berkshire Hathaway Inc.
55,155,797$2.4b0%no data
1.75%
Geode Capital Management, LLC
33,951,697$1.5b0.2%0.19%
1.39%
BNY Mellon Asset Management
26,826,565$1.2b-3.69%0.26%
1.34%
Harris Associates L.P.
26,016,567$1.1b-3.18%1.46%
1.13%
Capital Research and Management Company
21,969,204$963.1m-15.01%0.06%
1.12%
Hotchkis and Wiley Capital Management, LLC
21,682,658$950.6m0.52%3.57%
1.12%
Northern Trust Global Investments
21,600,933$947.0m-0.52%0.19%
1.11%
J.P. Morgan Asset Management, Inc.
21,457,251$940.7m-8.24%0.17%
1.08%
Eagle Capital Management LLC
20,934,756$917.8m-1.79%3.96%
1.04%
Morgan Stanley, Investment Banking and Brokerage Investments
20,199,225$885.5m-28.08%0.17%
0.98%
Massachusetts Financial Services Company
18,981,579$832.2m-10.33%0.21%
0.98%
Sanders Capital, LLC
18,971,916$831.7m0.11%2.1%
0.88%
UBS Asset Management
16,993,095$745.0m17.17%0.14%
0.86%
T. Rowe Price Group, Inc.
16,565,095$726.2m3.28%0.08%
0.81%
Artisan Partners Limited Partnership
15,631,074$685.3m9.76%0.68%
0.79%
Legal & General Investment Management Limited
15,342,406$672.6m3.75%0.2%
0.79%
Pzena Investment Management, Inc.
15,334,377$672.3m27.99%2.05%
0.74%
Norges Bank Investment Management
14,284,899$626.2m0%0.08%
0.73%
Bank of America Corporation, Asset Management Arm
14,218,916$623.4m49.2%0.24%
0.73%
Susquehanna International Group, LLP, Asset Management Arm
14,058,905$616.3m31.12%1.39%
0.65%
Putnam LLC
12,596,397$552.2m-3.09%0.9%
0.62%
Charles Schwab Investment Management, Inc.
11,982,321$525.3m0.14%0.14%

Company Information

Citigroup Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Citigroup Inc.
  • Ticker: C
  • Exchange: NYSE
  • Founded: 1812
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: US$84.905b
  • Shares outstanding: 1.94b
  • Website: https://www.citigroup.com

Number of Employees


Location

  • Citigroup Inc.
  • 388 Greenwich Street
  • New York
  • New York
  • 10013
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CNYSE (New York Stock Exchange)YesCommon StockUSUSDOct 1986
CBVL (Bolsa de Valores de Lima)YesCommon StockPEUSDOct 1986
TRVCDB (Deutsche Boerse AG)YesCommon StockDEEUROct 1986
C *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNOct 1986
CSWX (SIX Swiss Exchange)YesCommon StockCHCHFOct 1986
0R01LSE (London Stock Exchange)YesCommon StockGBUSDOct 1986
TRVCXTRA (XETRA Trading Platform)YesCommon StockDEEUROct 1986
CBVC (Bolsa de Valores de Colombia)YesCommon StockCOCOPOct 1986
CSNSE (Santiago Stock Exchange)YesCommon StockCLUSDOct 1986
CIT-UETLX (Eurotlx)YesCommon StockITEUROct 1986
CITIWBAG (Wiener Boerse AG)YesCommon StockATEUROct 1986
CCLSNSE (Santiago Stock Exchange)YesCommon StockCLCLPOct 1986
C_KZKAS (Kazakhstan Stock Exchange)YesCommon StockKZUSDOct 1986
CBASE (Buenos Aires Stock Exchange)CEDEAR EA RE COM(USD)ARARSNov 2002
C.DBASE (Buenos Aires Stock Exchange)CEDEAR EA RE COM(USD)ARUSDNov 2002
CTGP34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 6 REP 1 COMBRBRLJul 2011
C.PRJNYSE (New York Stock Exchange)DEP SHS 1/1000 JUSUSDSep 2013
C.PRKNYSE (New York Stock Exchange)DEP SHS RP PFD KUSUSDOct 2013
CFU8BST (Boerse-Stuttgart)6.3%-FRN PERP USD1000 'M'DEUSDApr 2014
A2R7P9DB (Deutsche Boerse AG)PERP JR SB GLBLDEUSDSep 2019
A28SHSDB (Deutsche Boerse AG)TIER I PERP GLBLDEUSDJan 2020
A3KL1LDB (Deutsche Boerse AG)3.875%-FRN PERP USD1000 'X'DEUSDFeb 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.