Alyeska Investment Group L.P. Decreases Stock Holdings in Citigroup Inc. $C

Key Points

• Alyeska Investment Group cut its Citigroup position by 80.7% in the second quarter, selling 440,151 shares and retaining 105,104 shares valued at approximately $14.7 million.
• Citigroup reported quarterly EPS of $3.15, beating estimates of $2.74, while revenue rose 14.5% year over year to $24.77 billion. Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $145.22.
• Citigroup authorized a $30 billion share-repurchase plan and raised its quarterly dividend to $0.67 per share, equivalent to a 2.0% annualized yield.

Alyeska Investment Group L.P. lowered its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 80.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,104 shares of the company's stock after selling 440,151 shares during the period. Alyeska Investment Group L.P.'s holdings in Citigroup were worth $14,710,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new stake in shares of Citigroup during the 1st quarter worth about $25,000. Mcguire Capital Advisors Inc. acquired a new position in Citigroup in the fourth quarter valued at approximately $25,000. Paladin Partners LLC acquired a new position in Citigroup in the second quarter valued at approximately $27,000. TD Capital Management LLC purchased a new position in Citigroup in the fourth quarter valued at approximately $28,000. Finally, IMG Wealth Management Inc. increased its stake in Citigroup by 197.6% in the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company's stock valued at $28,000 after purchasing an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Higher earnings expectations: Erste Group Bank raised its fiscal 2026 EPS forecast for Citigroup, signaling improving confidence in the bank’s earnings outlook. The revision could support investor sentiment, particularly following Citigroup’s recent quarterly earnings beat and 14.5% year-over-year revenue growth. Citigroup FY2026 EPS Forecast Raised by Erste Group Bank
• Neutral Sentiment: Citi research highlights energy infrastructure growth: Citi analysts said the Permian Basin may be entering a multiyear natural-gas infrastructure expansion supported by more durable demand. The report may benefit Citi’s research and investment-banking franchise, but it has no direct material effect on Citigroup’s own near-term financial results. Citi sees Permian Basin entering multi-year natural gas growth cycle
• Neutral Sentiment: Additional analyst activity: Citi maintained a Buy rating on India’s Indraprastha Gas after a compressed-natural-gas price increase and turned bullish on Oracle’s cloud and artificial-intelligence prospects. These recommendations demonstrate ongoing research activity but are not direct catalysts for Citigroup stock. IGL shares jump after CNG price hike Why Citi Analysts Are Bullish on Oracle Stock Now

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on C. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $140.00 to $153.00 and gave the company an "outperform" rating in a report on Friday, May 8th. Truist Financial reduced their price target on shares of Citigroup from $158.00 to $154.00 and set a "buy" rating for the company in a research report on Wednesday, July 15th. Morgan Stanley upped their price objective on shares of Citigroup from $154.00 to $164.00 and gave the company an "overweight" rating in a research note on Monday, June 29th. Oppenheimer lowered Citigroup from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 30th. Finally, Zacks Research upgraded Citigroup from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $145.22.

Citigroup Stock Down 1.0%

Shares of NYSE:C opened at $131.61 on Tuesday. Citigroup Inc. has a 1-year low of $92.96 and a 1-year high of $147.96. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $224.47 billion, a P/E ratio of 14.21, a P/E/G ratio of 0.60 and a beta of 1.12. The firm has a fifty day moving average price of $135.91 and a 200 day moving average price of $126.89.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating analysts' consensus estimates of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The company had revenue of $24.77 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same period in the previous year, the business posted $1.96 earnings per share. Citigroup's quarterly revenue was up 14.5% on a year-over-year basis. Sell-side analysts predict that Citigroup Inc. will post 11.21 EPS for the current year.

Citigroup declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were given a $0.67 dividend. This is a boost from Citigroup's previous quarterly dividend of $0.60. The ex-dividend date was Monday, August 3rd. This represents a $2.68 annualized dividend and a yield of 2.0%. Citigroup's payout ratio is presently 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.

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