St. Louis Financial Planners Asset Management LLC Acquires New Stake in Citigroup Inc. $C

St. Louis Financial Planners Asset Management LLC acquired a new stake in Citigroup Inc. (NYSE:C) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,148 shares of the company’s stock, valued at approximately $3,520,000. Citigroup makes up about 1.8% of St. Louis Financial Planners Asset Management LLC’s investment portfolio, making the stock its 24th largest position.

A number of other large investors have also modified their holdings of C. Mcguire Capital Advisors Inc. acquired a new stake in shares of Citigroup in the fourth quarter valued at about $25,000. Whipplewood Advisors LLC acquired a new position in Citigroup during the first quarter worth about $25,000. Richards Merrill & Peterson Inc. purchased a new stake in Citigroup during the 4th quarter valued at about $28,000. TD Capital Management LLC purchased a new stake in Citigroup during the 4th quarter valued at about $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 valued at $28,000 after acquiring an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 2.7%

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

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

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 3rd will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio is currently 28.94%.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on C shares. Oppenheimer lowered Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Truist Financial reduced their price objective on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Royal Bank Of Canada reissued an “outperform” rating and set a $150.00 price objective on shares of Citigroup in a research note on Wednesday, July 15th. JPMorgan Chase & Co. raised their target price on Citigroup from $135.50 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Finally, UBS Group lowered their price target on shares of Citigroup from $150.00 to $142.00 and set a “neutral” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price of $145.22.

Key Stories Impacting 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

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.