BlueCrest Capital Management Ltd Reduces Holdings in Citigroup Inc. $C

Key Points

• BlueCrest Capital Management cut its Citigroup stake by 93.6% in the second quarter, selling 252,440 shares and retaining 17,164 shares valued at approximately $2.4 million.
• Citigroup reported quarterly EPS of $3.15, exceeding the $2.74 consensus estimate, while revenue rose 14.5% year over year to $24.77 billion.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and $145.22 price target; Citi also raised its quarterly dividend to $0.67 per share.

BlueCrest Capital Management Ltd lowered its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 93.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,164 shares of the company's stock after selling 252,440 shares during the quarter. BlueCrest Capital Management Ltd's holdings in Citigroup were worth $2,402,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of C. Whipplewood Advisors LLC acquired a new position in Citigroup during the 1st quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Citigroup during the fourth quarter worth $25,000. Paladin Partners LLC acquired a new stake in shares of Citigroup during the second quarter worth $27,000. TD Capital Management LLC purchased a new stake in shares of Citigroup during the fourth quarter valued at $28,000. Finally, IMG Wealth Management Inc. increased its position in shares of Citigroup by 197.6% in the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company's stock valued at $28,000 after acquiring an additional 162 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Morgan Stanley raised their target price on Citigroup from $154.00 to $164.00 and gave the stock an "overweight" rating in a research note on Monday, June 29th. JPMorgan Chase & Co. boosted their price target on Citigroup from $135.50 to $149.00 and gave the company an "overweight" rating in a research note on Monday, July 6th. Royal Bank Of Canada restated an "outperform" rating and issued a $150.00 price objective on shares of Citigroup in a research note on Wednesday, July 15th. Truist Financial dropped their target price on Citigroup from $158.00 to $154.00 and set a "buy" rating on the stock in a research report on Wednesday, July 15th. Finally, Zacks Research upgraded shares of Citigroup from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.22.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Private-bank expansion: Citi Private Bank hired Teresa Radzinski from Bank of America to strengthen relationships with ultra-high-net-worth clients. The move could support growth in deposits, lending and wealth-management fees. Citi Private Bank hires Radzinski from Bank of America
• Positive Sentiment: Tokenized deposits: Citi plans to introduce a tokenized-deposit service for Japanese businesses, extending its blockchain-based payments capabilities into a major corporate market. The initiative could create new transaction revenue and improve payment efficiency, although commercial benefits may take time to develop. Citi plans to bring tokenized deposit service to Japanese businesses
• Positive Sentiment: Cross-border payments milestone: Citi and DBS completed a live Singapore-to-U.S. dollar payment using tokenized bank deposits and SWIFT’s blockchain-based Digital Ledger. The transaction reinforces Citi’s positioning in faster, around-the-clock institutional payments. DBS and Citi bring 24/7 tokenized dollar payments to SWIFT’s blockchain ledger
• Positive Sentiment: Bullish investment view: A Wall Street-focused analysis highlighted Citi’s restructuring progress and argued that the stock’s valuation has not fully reflected the improvement. Such commentary may reinforce investor confidence in management’s turnaround strategy. Citigroup’s restructuring is working, and valuation has not caught up
• Neutral Sentiment: Citi hosted presentations from biotechnology companies at its 2026 Biopharma Back to School Summit. The event supports Citi’s investment-banking and research franchise but is unlikely to materially affect near-term earnings. Seaport Therapeutics presents at Citi’s Biopharma Back to School Summit

Citigroup Price Performance

Shares of C opened at $137.91 on Thursday. The business's 50-day moving average is $135.05 and its two-hundred day moving average is $128.02. The company has a market capitalization of $235.21 billion, a P/E ratio of 14.89, a P/E/G ratio of 0.62 and a beta of 1.12. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a fifty-two week low of $93.66 and a fifty-two week high of $147.96.

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

Citigroup Increases Dividend

The business 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. The ex-dividend date of this dividend was Monday, August 3rd. This is a boost from Citigroup's previous quarterly dividend of $0.60. This represents a $2.68 dividend on an annualized basis and a yield of 1.9%. Citigroup's dividend payout ratio is presently 28.94%.

Citigroup Profile

Citigroup Inc NYSE: C is a global financial services company headquartered in New York City. Through its businesses, Citi provides banking, lending, credit card, wealth management, investment banking, securities, markets and treasury services to individuals, businesses, financial institutions and governments.

The company's operations include U.S. Personal Banking, which offers consumer banking, credit cards and lending products; Wealth Management, which serves affluent and high-net-worth clients; and its Institutional Clients Group, which provides investment banking, corporate banking, markets, securities services and transaction banking.

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