Sarasin & Partners LLP Has $259.87 Million Position in Citigroup Inc. $C

Sarasin & Partners LLP boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 183.5% in the second quarter, Holdings Channel.com reports. The fund owned 1,856,723 shares of the company’s stock after acquiring an additional 1,201,901 shares during the quarter. Citigroup comprises 3.0% of Sarasin & Partners LLP’s portfolio, making the stock its 9th biggest holding. Sarasin & Partners LLP’s holdings in Citigroup were worth $259,867,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Mcguire Capital Advisors Inc. bought a new stake in Citigroup during the 4th quarter valued at about $25,000. Whipplewood Advisors LLC bought a new position in Citigroup in the 1st quarter worth about $25,000. Richards Merrill & Peterson Inc. bought a new position in Citigroup in the 4th quarter worth about $28,000. TD Capital Management LLC purchased a new position in shares of Citigroup during the fourth quarter worth approximately $28,000. Finally, IMG Wealth Management Inc. increased its position in shares of Citigroup by 197.6% during the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after acquiring an additional 162 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C opened at $133.86 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50 day moving average price of $136.62 and a 200-day moving average price of $124.76. Citigroup Inc. has a fifty-two week low of $90.68 and a fifty-two week high of $147.96. The stock has a market capitalization of $228.31 billion, a PE ratio of 14.46, a PEG ratio of 0.62 and a beta of 1.12.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.41. The company had revenue of $24.77 billion for 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%. Citigroup’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company posted $1.96 earnings per share. Equities analysts predict that Citigroup Inc. will post 11.2 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 3rd will be given 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 is Monday, August 3rd. This represents a $2.68 annualized dividend and a yield of 2.0%. Citigroup’s payout ratio is 28.94%.

Citigroup announced that its Board of Directors has authorized a share repurchase program on Thursday, May 7th that authorizes the company to buyback $30.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 13.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

C has been the subject of a number of research reports. Wall Street Zen upgraded Citigroup from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Zacks Research upgraded Citigroup from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Wells Fargo & Company lifted their target price on Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Oppenheimer downgraded Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $150.00 price target on shares of Citigroup in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $145.22.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup reported its strongest quarterly revenue in roughly a decade. Second-quarter revenue benefited from broad-based growth across businesses, higher net interest income and efficiency gains, supporting a sharp increase in profitability. Citigroup’s Q2 Revenues Reach Decade High: What’s Fuelling Growth?
• Positive Sentiment: Morgan Stanley argues that Citi’s planned investments and severance costs could obscure the benefits of its restructuring in the near term, but potentially produce a meaningful earnings payoff by 2028. Citi’s second-quarter net income rose 45% to $5.8 billion, reinforcing the long-term turnaround case. Morgan Stanley says Citi’s expense scare hides a 2028 payoff
• Neutral Sentiment: Citigroup-related entities exited substantial-holder status in Predictive Discovery Limited. The disclosure appears to concern Citi’s investment position in another company and is unlikely to materially affect Citigroup’s earnings or valuation. Citigroup Entities Exit Substantial Holder Status in Predictive Discovery
• Negative Sentiment: The main pressure on C is near-term cost guidance. Management’s warning that investments and severance expenses may rise during the second half of 2026 has led investors to question how quickly strong revenue growth will translate into sustainable earnings and returns. This concern previously outweighed the company’s earnings beat and remains an overhang on the stock. Morgan Stanley says Citi’s expense scare hides a 2028 payoff

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.