NewEdge Advisors LLC grew its holdings in shares of Citigroup Inc. (NYSE:C – Free Report) by 20.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 249,004 shares of the company’s stock after buying an additional 41,436 shares during the quarter. NewEdge Advisors LLC’s holdings in Citigroup were worth $28,239,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in C. Mcguire Capital Advisors Inc. acquired a new stake in shares of Citigroup in the 4th quarter valued at about $25,000. Whipplewood Advisors LLC bought a new stake in Citigroup in the first quarter valued at about $25,000. Richards Merrill & Peterson Inc. bought a new stake in Citigroup in the fourth quarter valued at about $28,000. TD Capital Management LLC acquired a new stake in Citigroup during the fourth quarter valued at approximately $28,000. Finally, IMG Wealth Management Inc. raised its stake in Citigroup by 197.6% during the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock valued at $28,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.
Citigroup Trading Up 0.8%
Shares of NYSE C opened at $134.95 on Friday. Citigroup Inc. has a 12-month low of $90.68 and a 12-month high of $147.96. The company has a market cap of $230.17 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 0.60 and a beta of 1.12. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock’s 50 day simple moving average is $136.81 and its 200 day simple moving average is $124.83.
Citigroup Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.67 per share. This is an increase from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, August 3rd. Citigroup’s payout ratio is currently 28.94%.
Citigroup announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 7th that permits the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Citigroup News Summary
Here are the key news stories impacting Citigroup this week:
- Positive Sentiment: Brokerages collectively assign Citigroup an average “Moderate Buy” rating, reinforcing the bullish case for the common stock. The rating should be viewed cautiously because analyst recommendations can be systematically optimistic. Citigroup Receives Average Rating of Moderate Buy
- Positive Sentiment: Citi raised its third-quarter 2026 Brent crude forecast to $80 per barrel. A higher oil-price outlook could support trading activity and commodities-related client demand, although the unchanged longer-term forecasts suggest the adjustment is limited rather than a major change in strategy. Citi Raises Q3 2026 Brent Crude Oil Forecast
- Neutral Sentiment: Citigroup’s investment-banking and research operations remain active, with the bank maintaining a Buy rating on Micron while lowering its price target because memory-price momentum may peak in 2027. The development does not directly change Citi’s fundamentals but highlights potential market-cycle and client-exposure risks. Micron Stock Slips as Citi Cuts Target
- Negative Sentiment: Citigroup’s preferred shares have recently declined as investors speculate that the bank could redeem the issue. A redemption could eliminate the preferred security’s roughly 10% yield, creating uncertainty for income investors, though the issue is distinct from Citigroup’s common stock. Why Citigroup Preferred’s 10% Yield May Not Last
Analysts Set New Price Targets
C has been the subject of several research reports. Piper Sandler reiterated an “overweight” rating and issued a $145.00 target price (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. Royal Bank Of Canada reissued an “outperform” rating and set a $150.00 price target on shares of Citigroup in a research report on Wednesday, July 15th. Wall Street Zen cut Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research note on Friday, July 17th. Finally, Argus set a $150.00 target price on shares of Citigroup in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $145.22.
Read Our Latest Stock Analysis on C
About Citigroup
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.
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