Engineers Gate Manager LP trimmed its holdings in shares of Citigroup Inc. (NYSE:C – Free Report) by 52.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 205,906 shares of the company’s stock after selling 228,492 shares during the period. Engineers Gate Manager LP’s holdings in Citigroup were worth $28,819,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new position in Citigroup during the first quarter valued at $25,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Citigroup in the 4th quarter worth about $25,000. Paladin Partners LLC purchased a new stake in Citigroup during the 2nd quarter valued at about $27,000. TD Capital Management LLC bought a new stake in Citigroup during the 4th quarter valued at about $28,000. Finally, IMG Wealth Management Inc. lifted its stake in shares of Citigroup by 197.6% in the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after buying an additional 162 shares in the last quarter. 71.72% of the stock is owned by institutional investors.
More Citigroup News
Here are the key news stories impacting Citigroup this week:
- Positive Sentiment: Private-bank expansion: Citi Private Bank hired Teresa Radzinski from Bank of America to strengthen relationships with ultra-high-net-worth clients. The move could support growth in deposits, lending and wealth-management fees. Citi Private Bank hires Radzinski from Bank of America
- Positive Sentiment: Tokenized deposits: Citi plans to introduce a tokenized-deposit service for Japanese businesses, extending its blockchain-based payments capabilities into a major corporate market. The initiative could create new transaction revenue and improve payment efficiency, although commercial benefits may take time to develop. Citi plans to bring tokenized deposit service to Japanese businesses
- Positive Sentiment: Cross-border payments milestone: Citi and DBS completed a live Singapore-to-U.S. dollar payment using tokenized bank deposits and SWIFT’s blockchain-based Digital Ledger. The transaction reinforces Citi’s positioning in faster, around-the-clock institutional payments. DBS and Citi bring 24/7 tokenized dollar payments to SWIFT’s blockchain ledger
- Positive Sentiment: Bullish investment view: A Wall Street-focused analysis highlighted Citi’s restructuring progress and argued that the stock’s valuation has not fully reflected the improvement. Such commentary may reinforce investor confidence in management’s turnaround strategy. Citigroup’s restructuring is working, and valuation has not caught up
- Neutral Sentiment: Citi hosted presentations from biotechnology companies at its 2026 Biopharma Back to School Summit. The event supports Citi’s investment-banking and research franchise but is unlikely to materially affect near-term earnings. Seaport Therapeutics presents at Citi’s Biopharma Back to School Summit
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on C
Citigroup Stock Performance
C opened at $137.91 on Thursday. The firm has a market cap of $235.21 billion, a P/E ratio of 14.89, a PEG ratio of 0.62 and a beta of 1.12. Citigroup Inc. has a 1-year low of $93.66 and a 1-year high of $147.96. The company has a 50 day simple moving average of $135.05 and a two-hundred day simple moving average of $128.02. 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 (NYSE:C – Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. The business had revenue of $24.77 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $1.96 earnings per share. Equities analysts forecast that Citigroup Inc. will post 11.21 earnings per share for the current fiscal year.
Citigroup Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.67 per share. This is a boost from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.68 annualized dividend and a dividend yield of 1.9%. Citigroup’s payout ratio is currently 28.94%.
About Citigroup
Citigroup Inc (NYSE:C) is a global financial services company headquartered in New York City. Through its businesses, Citi provides banking, lending, credit card, wealth management, investment banking, securities, markets and treasury services to individuals, businesses, financial institutions and governments.
The company’s operations include U.S. Personal Banking, which offers consumer banking, credit cards and lending products; Wealth Management, which serves affluent and high-net-worth clients; and its Institutional Clients Group, which provides investment banking, corporate banking, markets, securities services and transaction banking.
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