Citigroup Inc. $C Position Increased by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its holdings in Citigroup Inc. (NYSE:C) by 9.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 285,207 shares of the company’s stock after buying an additional 25,162 shares during the quarter. NEOS Investment Management LLC’s holdings in Citigroup were worth $39,918,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Whipplewood Advisors LLC bought a new position in Citigroup in the first quarter worth about $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of Citigroup during the fourth quarter valued at approximately $25,000. Paladin Partners LLC bought a new position in shares of Citigroup during the second quarter valued at approximately $27,000. TD Capital Management LLC acquired a new stake in shares of Citigroup during the 4th quarter worth approximately $28,000. Finally, IMG Wealth Management Inc. raised its position in shares of Citigroup by 197.6% during 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 institutional investors and hedge funds.

Wall Street Analyst Weigh In

C has been the subject of a number of analyst reports. Oppenheimer lowered Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Bank of America raised their target price on Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $150.00 price target on shares of Citigroup in a report on Wednesday, July 15th. Argus set a $150.00 price target on shares of Citigroup in a research report on Wednesday, July 15th. Finally, Wall Street Zen cut shares of Citigroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.22.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Buybacks and dividends support the stock: Citigroup is accelerating share repurchases and dividend payments as stronger earnings, excess capital and business simplification improve its ability to return money to shareholders. The strategy could enhance per-share earnings and reinforce confidence in management’s turnaround plan. Can Citigroup Sustain Its Aggressive Capital Return Strategy?
• Positive Sentiment: Blockchain payments provide a growth catalyst: Citi’s Services business processed live transactions on Swift’s blockchain-based ledger, making it the first U.S. bank to conduct native ledger transactions through the initiative. The move strengthens Citi’s positioning in always-on, cross-border payments and could create longer-term revenue opportunities with institutional clients. Citi’s Services Business Pioneers Live Transactions on Swift’s Ledger
• Positive Sentiment: AI-driven expense controls may improve profitability: Citi is using artificial intelligence to review and renegotiate outside law-firm billing. Although the savings potential was not quantified, lower legal expenses could support operating efficiency across capital-markets, compliance and banking operations. Citigroup Uses AI To Push Law Firms On Fees
• Neutral Sentiment: Currency view signals a changing rate outlook: Citi recommended shorting the U.S. dollar against the Canadian dollar, anticipating that stretched U.S.-Canada interest-rate differentials will reverse. The call highlights potential shifts in Federal Reserve expectations but has limited direct impact on Citigroup’s fundamental earnings. Citi goes short USD/CAD
• Negative Sentiment: UK sanctions-related penalty remains a reputational and compliance risk: Citi was fined £4.7 million for historical breaches of Russian sanctions at its London branch. The financial cost is modest relative to Citi’s size, but the action underscores ongoing regulatory and control risks. Citigroup Fined £4.7 Million in UK for Russia Sanctions Breaches

Citigroup Stock Up 2.8%

C opened at $138.10 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 market capitalization of $235.54 billion, a PE ratio of 14.91, a P/E/G ratio of 0.60 and a beta of 1.12. The stock’s fifty day moving average is $135.33 and its 200-day moving average is $127.36. Citigroup Inc. has a one year low of $93.66 and a one year high of $147.96.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.41. The business had revenue of $24.77 billion during 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 company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $1.96 earnings per share. On average, equities analysts predict that Citigroup Inc. will post 11.21 EPS for the current fiscal year.

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

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was 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 Company 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.