Simon Quick Advisors LLC Trims Stake in Citigroup Inc. $C

Simon Quick Advisors LLC lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 26.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,225 shares of the company’s stock after selling 17,443 shares during the quarter. Simon Quick Advisors LLC’s holdings in Citigroup were worth $5,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new position in Citigroup during the fourth quarter valued at $2,800,944,000. Vanguard Group Inc. raised its stake in shares of Citigroup by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after buying an additional 4,938,923 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in shares of Citigroup during the 4th quarter valued at about $298,082,000. SG Americas Securities LLC grew its stake in shares of Citigroup by 291.4% during the 4th quarter. SG Americas Securities LLC now owns 1,319,549 shares of the company’s stock valued at $153,978,000 after acquiring an additional 2,008,946 shares during the period. Finally, Deutsche Bank AG increased its holdings in Citigroup by 28.4% in the 4th quarter. Deutsche Bank AG now owns 7,158,142 shares of the company’s stock worth $835,284,000 after acquiring an additional 1,582,150 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup was added to Zacks’ Rank #1 (Strong Buy) list, signaling improving earnings momentum and potentially attracting more near-term buying. New Strong Buy Stocks for July 17th
• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 earnings estimates for Citigroup, reinforcing the view that profits may continue trending higher. Citigroup stock page / analyst estimate update
• Positive Sentiment: Market commentary highlighted Citigroup as one of the standouts in early Q2 bank earnings, alongside peers that beat expectations, which supports the broader bullish case for the shares. Q2 Earnings: 2 Winners and 1 Loser So Far
• Positive Sentiment: Citigroup’s Q2 results beat estimates, with revenue and EPS both coming in above Wall Street forecasts, keeping investor sentiment constructive after the earnings release. Citigroup earnings data
• Neutral Sentiment: Citigroup announced a full redemption of its Series T preferred stock, which is a capital-structure change but not a major operating catalyst by itself. Citigroup Announces Full Redemption of Series T Preferred Stock
• Neutral Sentiment: Several brokerage and market items reiterated or discussed Citigroup’s valuation and relative attractiveness versus peers, adding context but not introducing a major new surprise. Citigroup vs. Wells Fargo: Which Bank Stock Looks Attractive Post Q2 Results?

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 2,117 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.30, for a total transaction of $265,260.10. Following the completion of the transaction, the director owned 12,194 shares in the company, valued at approximately $1,527,908.20. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

C has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Argus set a $150.00 price objective on shares of Citigroup in a research note on Wednesday. Barclays raised their price objective on shares of Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. lifted their target price on shares of Citigroup from $135.50 to $149.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, Evercore set a $143.00 target price on shares of Citigroup in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average target price of $145.67.

Citigroup Stock Down 1.7%

NYSE C opened at $129.46 on Friday. Citigroup Inc. has a 12 month low of $87.94 and a 12 month high of $147.96. 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 has a market cap of $220.81 billion, a PE ratio of 13.98, a P/E/G ratio of 0.60 and a beta of 1.11. The stock’s 50 day moving average is $134.34 and its 200 day moving average is $123.33.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. The business had revenue of $24.75 billion during the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The company’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $1.96 EPS. Research analysts predict that Citigroup Inc. will post 11.15 EPS for the current fiscal year.

Citigroup declared that its board has approved a stock repurchase plan on Thursday, May 7th that authorizes the company to buyback $30.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 13.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Citigroup Profile

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.