Blue Edge Capital LLC Invests $4.81 Million in Citigroup Inc. $C

Key Points

• Blue Edge Capital purchased a new Citigroup position worth approximately $4.81 million, acquiring 34,376 shares in the second quarter. Institutional investors collectively own 71.72% of Citigroup.
• Citigroup exceeded quarterly expectations with $3.15 in EPS and $24.77 billion in revenue, while raising its quarterly dividend to $0.67 and authorizing a $30 billion share buyback.
• Shares opened at $132.80, below the average analyst target of $145.22, but the bank faces added regulatory and reputational risk from an SEC investigation into margin lending tied to a hedge fund’s losses.

Blue Edge Capital LLC purchased a new position in Citigroup Inc. (NYSE:C - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 34,376 shares of the company's stock, valued at approximately $4,811,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in Citigroup by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company's stock worth $5,036,712,000 after acquiring an additional 189,548 shares during the period. Franklin Resources Inc. increased its position in Citigroup by 4.0% during the 4th quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company's stock valued at $3,990,422,000 after purchasing an additional 1,326,224 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Citigroup by 2.6% in the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company's stock valued at $3,954,307,000 after purchasing an additional 846,772 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Citigroup by 2.8% in the 1st quarter. Bank of America Corp DE now owns 26,869,012 shares of the company's stock valued at $3,047,215,000 after purchasing an additional 728,043 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Citigroup in the 4th quarter worth approximately $2,800,944,000. Institutional investors own 71.72% of the company's stock.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Strong Korean capital-markets outlook: Citi expects record capital issuance in South Korea during 2026 as deal activity accelerates. Greater investment-banking and underwriting volume could support fee revenue, although the benefit to Citigroup’s overall results is likely modest. Citi Expects Record Korea Capital Issuance in 2026 as Deals Jump
• Positive Sentiment: Potential benefit from firm interest rates: The Bank of Korea raised its benchmark rate to 3% and cited persistent inflation and solid growth. A higher-rate environment can support bank net interest income, though it may also increase credit and funding risks. Bank of Korea Raises Rates
• Neutral Sentiment: Research activity draws attention: Citi’s bullish call and 90-day catalyst watch on Oracle highlight ongoing demand for the bank’s equity-research and advisory services, but the news directly affects Oracle rather than Citigroup’s earnings. Citi Adds Oracle Catalyst Watch
• Neutral Sentiment: Healius ownership reduced: Citigroup entities exited substantial-holder status in Australian healthcare company Healius. The transaction appears to be a portfolio or client-position change, with no clear direct impact on C’s fundamentals. Citi Entities Exit Healius Holder Status
• Negative Sentiment: SEC investigation increases risk concerns: The SEC subpoenaed Citigroup, Goldman Sachs, JPMorgan and Bank of America over margin lending to hedge fund Situational Awareness, which suffered a 67% drawdown during an AI-stock sell-off. The subpoenas do not establish wrongdoing, but they raise concerns about leverage controls, potential client losses, regulatory costs and reputational damage. SEC Probe Puts Wall Street Leverage Risk Back in Focus

Citigroup Stock Down 0.6%

C stock opened at $132.80 on Friday. The stock has a market capitalization of $226.50 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 0.60 and a beta of 1.12. Citigroup Inc. has a 52 week low of $92.96 and a 52 week high of $147.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a 50 day moving average of $136.41 and a 200 day moving average of $126.76.

Citigroup (NYSE:C - Get Free Report) last issued 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 business 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%. Citigroup's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.96 EPS. Sell-side analysts forecast 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 given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend 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 payout ratio is currently 28.94%.

Citigroup announced that its board has authorized a stock buyback plan on Thursday, May 7th that permits the company to buyback $30.00 billion in outstanding shares. This buyback authorization permits 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.

Analysts Set New Price Targets

A number of brokerages recently commented 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 note on Thursday, June 18th. Argus set a $150.00 target price on Citigroup in a research report on Wednesday, July 15th. Zacks Research upgraded Citigroup from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. JPMorgan Chase & Co. boosted their price target on Citigroup from $135.50 to $149.00 and gave the stock an "overweight" rating in a research report on Monday, July 6th. Finally, Oppenheimer cut Citigroup from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued 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.

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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