Allied Private Wealth LLC Makes New Investment in Citigroup Inc. $C

Key Points

• Allied Private Wealth initiated a Citigroup position of 11,788 shares worth approximately $1.62 million, while institutional investors collectively own 71.72% of the bank.
• Citigroup reported a strong quarter, with EPS of $3.15 beating estimates by $0.41 and revenue rising 14.5% year over year to $24.77 billion. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $145.22.
• The company raised its quarterly dividend to $0.67 per share and has authorization for a $30 billion share-repurchase program, equivalent to buybacks of up to 13.7% of outstanding shares.

Allied Private Wealth LLC purchased a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,788 shares of the company's stock, valued at approximately $1,620,000. Citigroup comprises 1.0% of Allied Private Wealth LLC's holdings, making the stock its 16th biggest holding.

Several other institutional investors also recently added to or reduced their stakes in C. Norges Bank purchased a new stake in shares of Citigroup in the fourth quarter valued at about $2,800,944,000. Vanguard Group Inc. raised its stake in Citigroup by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company's stock valued at $19,048,467,000 after acquiring an additional 4,938,923 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in Citigroup during the 4th quarter worth approximately $298,082,000. SEB Asset Management AB purchased a new position in shares of Citigroup in the 1st quarter valued at approximately $252,972,000. Finally, Deutsche Bank AG grew its stake in shares of Citigroup by 28.4% in the 4th quarter. Deutsche Bank AG now owns 7,158,142 shares of the company's stock valued at $835,284,000 after purchasing an additional 1,582,150 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Brokerages collectively assign Citigroup an average “Moderate Buy” rating, reinforcing the bullish case for the common stock. The rating should be viewed cautiously because analyst recommendations can be systematically optimistic. Citigroup Receives Average Rating of Moderate Buy
• Positive Sentiment: Citi raised its third-quarter 2026 Brent crude forecast to $80 per barrel. A higher oil-price outlook could support trading activity and commodities-related client demand, although the unchanged longer-term forecasts suggest the adjustment is limited rather than a major change in strategy. Citi Raises Q3 2026 Brent Crude Oil Forecast
• Neutral Sentiment: Citigroup’s investment-banking and research operations remain active, with the bank maintaining a Buy rating on Micron while lowering its price target because memory-price momentum may peak in 2027. The development does not directly change Citi’s fundamentals but highlights potential market-cycle and client-exposure risks. Micron Stock Slips as Citi Cuts Target
• Negative Sentiment: Citigroup’s preferred shares have recently declined as investors speculate that the bank could redeem the issue. A redemption could eliminate the preferred security’s roughly 10% yield, creating uncertainty for income investors, though the issue is distinct from Citigroup’s common stock. Why Citigroup Preferred’s 10% Yield May Not Last

Wall Street Analyst Weigh In

C has been the subject of several analyst reports. Bank of America upped their price target on Citigroup from $170.00 to $176.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Oppenheimer cut shares of Citigroup from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 30th. Barclays upped their price objective on shares of Citigroup from $146.00 to $154.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. raised their target price on shares of 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 dropped their price target on shares of Citigroup from $150.00 to $142.00 and set a "neutral" rating on the stock in a research note on Monday, August 3rd. Two investment 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $145.22.

Citigroup Stock Down 0.0%

Shares of NYSE C opened at $134.95 on Monday. The stock has a market capitalization of $230.17 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 0.61 and a beta of 1.12. Citigroup Inc. has a 52 week low of $90.68 and a 52 week high of $147.96. The firm has a 50-day moving average price of $136.81 and a 200 day moving average price of $124.88. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $24.77 billion during the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The company's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $1.96 EPS. Equities research analysts anticipate that Citigroup Inc. will post 11.2 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm 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. The ex-dividend date is Monday, August 3rd. This is an increase from Citigroup's previous quarterly dividend of $0.60. This represents a $2.68 dividend on an annualized basis and a yield of 2.0%. Citigroup's dividend payout ratio (DPR) is presently 28.94%.

Citigroup announced that its Board of Directors has approved a share repurchase plan on Thursday, May 7th that authorizes the company to buyback $30.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 13.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board 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.

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