Avity Investment Management Inc. Buys 12,590 Shares of Citigroup Inc. $C

Key Points

• Avity Investment Management increased its Citigroup stake by 10.9% in the second quarter, acquiring 12,590 additional shares for a total of 127,653 shares valued at approximately $17.9 million.
• Citigroup reported quarterly earnings and revenue above analyst expectations, with EPS of $3.15 and revenue of $24.77 billion, up 14.5% year over year.
• The bank authorized a $30 billion share buyback and raised its quarterly dividend to $0.67 per share. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $145.22.

Avity Investment Management Inc. raised its stake in Citigroup Inc. (NYSE:C - Free Report) by 10.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 127,653 shares of the company's stock after acquiring an additional 12,590 shares during the period. Citigroup comprises about 1.1% of Avity Investment Management Inc.'s investment portfolio, making the stock its 29th largest position. Avity Investment Management Inc.'s holdings in Citigroup were worth $17,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in C. Mcguire Capital Advisors Inc. acquired a new stake in shares of Citigroup during the fourth quarter worth approximately $25,000. Whipplewood Advisors LLC bought a new position in shares of Citigroup in the first quarter valued at about $25,000. Richards Merrill & Peterson Inc. bought a new stake in Citigroup during the 4th quarter worth about $28,000. TD Capital Management LLC acquired a new stake in Citigroup in the 4th quarter valued at about $28,000. Finally, IMG Wealth Management Inc. raised its stake in shares of Citigroup by 197.6% in 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 last quarter. Institutional investors own 71.72% of the company's stock.

More Citigroup News

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

Citigroup Stock Up 0.8%

Shares of NYSE C opened at $134.95 on Friday. Citigroup Inc. has a 52-week low of $90.68 and a 52-week high of $147.96. 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 stock has a market cap of $230.17 billion, a P/E ratio of 14.57, a P/E/G ratio of 0.61 and a beta of 1.12. The firm has a 50 day moving average price of $136.81 and a 200 day moving average price of $124.83.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping 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%. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $1.96 earnings per share. Analysts expect that Citigroup Inc. will post 11.2 EPS for the current year.

Citigroup declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 7th that allows the company to repurchase $30.00 billion in shares. This repurchase authorization allows the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

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 issued a dividend of $0.67 per share. This is a boost from Citigroup's previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, August 3rd. Citigroup's dividend payout ratio is presently 28.94%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on C. Wells Fargo & Company boosted their price objective on shares of Citigroup from $162.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, June 18th. Argus set a $150.00 price target on Citigroup in a report on Wednesday, July 15th. Zacks Research upgraded shares of Citigroup from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. The Goldman Sachs Group lifted their price target on shares of Citigroup from $137.00 to $151.00 and gave the stock a "buy" rating in a research report on Wednesday, April 15th. Finally, Morgan Stanley increased their price objective on shares of Citigroup from $154.00 to $164.00 and gave the company an "overweight" rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $145.22.

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.

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