Wedge Capital Management L L P NC Reduces Holdings in Citigroup Inc. $C

Posted by Stanley Muller on Aug 12th, 2026

Wedge Capital Management L L P NC trimmed its holdings in shares of Citigroup Inc. (NYSE:C – Free Report) by 6.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 254,560 shares of the company’s stock after selling 18,194 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Citigroup were worth $35,628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in C. Whipplewood Advisors LLC purchased a new position in shares of Citigroup during the 1st quarter worth $25,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Citigroup in the 4th quarter worth $25,000. Richards Merrill & Peterson Inc. purchased a new stake in shares of Citigroup in the 4th quarter worth $28,000. TD Capital Management LLC bought a new position in Citigroup in the 4th quarter worth $28,000. Finally, IMG Wealth Management Inc. raised its holdings in Citigroup by 197.6% in the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after purchasing an additional 162 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Up 0.4%

Shares of C opened at $135.78 on Wednesday. The firm has a market cap of $231.58 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 0.61 and a beta of 1.12. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 1 year low of $90.68 and a 1 year high of $147.96. The company has a 50 day simple moving average of $137.02 and a two-hundred day simple moving average of $125.19.

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

Citigroup announced that its Board of Directors has initiated a stock buyback program on Thursday, May 7th that permits the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 13.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Citigroup Increases Dividend

The business also recently declared 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 represents a $2.68 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, August 3rd. This is an increase from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio is presently 28.94%.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

Positive Sentiment: Citi strengthens healthcare investment-banking leadership. Citigroup appointed new leaders covering biotechnology, medical technology, biopharmaceuticals and acute care, positioning the bank to capture potential dealmaking as healthcare mergers, acquisitions and financing activity accelerates. The move could support future advisory and underwriting revenue. Citi Taps New Healthcare Banking Leadership as Dealmaking Heats Up
Positive Sentiment: Citi helped lead a $414 million financing for inKind. The oversubscribed transaction, led by Citigroup and Cross River, expands Citi’s relationships with private companies and demonstrates continued demand for its lending and capital-markets services. The financial impact was not disclosed, so the direct earnings benefit is likely limited in the near term. inKind Secures $414 Million in Financing Led by Citi and Cross River
Neutral Sentiment: Citi remains constructive on MongoDB. The bank reiterated a Buy rating and raised its MongoDB price target to $545, citing possible estimate increases, earnings, product announcements and investor events. This reflects Citi’s research outlook rather than a direct catalyst for Citigroup’s own earnings, though successful client coverage and research visibility can support institutional relationships. Citi bullish on MongoDB stock

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Bank of America lifted their target price on Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Morgan Stanley raised their price objective on Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Oppenheimer cut Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Zacks Research upgraded Citigroup from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $145.22.

View Our Latest Stock Report on Citigroup

About Citigroup

(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.