Citigroup Inc. $C Shares Sold by Avior Wealth Management LLC

Key Points

• Avior Wealth Management cut its Citigroup stake by 80.1% in the second quarter, selling 45,561 shares and retaining 11,298 shares valued at approximately $1.58 million.
• Citigroup reported a strong quarter, with revenue rising 14.5% year over year to $24.77 billion and EPS of $3.15, exceeding analyst expectations. Net income also increased 45% to $5.8 billion.
• The company authorized a $30 billion share-repurchase program and raised its quarterly dividend to $0.67 per share, although higher restructuring and severance costs could weigh on near-term earnings.

Avior Wealth Management LLC decreased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 80.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,298 shares of the company's stock after selling 45,561 shares during the period. Avior Wealth Management LLC's holdings in Citigroup were worth $1,581,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Mcguire Capital Advisors Inc. acquired a new stake in shares of Citigroup during the fourth quarter worth $25,000. Whipplewood Advisors LLC acquired a new stake in Citigroup during the first quarter worth about $25,000. Richards Merrill & Peterson Inc. bought a new position in Citigroup in the fourth quarter worth about $28,000. TD Capital Management LLC bought a new position in Citigroup in the fourth quarter worth about $28,000. Finally, IMG Wealth Management Inc. boosted 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 acquiring an additional 162 shares during the period. 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: Citigroup reported its strongest quarterly revenue in roughly a decade. Second-quarter revenue benefited from broad-based growth across businesses, higher net interest income and efficiency gains, supporting a sharp increase in profitability. Citigroup's Q2 Revenues Reach Decade High: What's Fuelling Growth?
• Positive Sentiment: Morgan Stanley argues that Citi’s planned investments and severance costs could obscure the benefits of its restructuring in the near term, but potentially produce a meaningful earnings payoff by 2028. Citi’s second-quarter net income rose 45% to $5.8 billion, reinforcing the long-term turnaround case. Morgan Stanley says Citi’s expense scare hides a 2028 payoff
• Neutral Sentiment: Citigroup-related entities exited substantial-holder status in Predictive Discovery Limited. The disclosure appears to concern Citi’s investment position in another company and is unlikely to materially affect Citigroup’s earnings or valuation. Citigroup Entities Exit Substantial Holder Status in Predictive Discovery
• Negative Sentiment: The main pressure on C is near-term cost guidance. Management’s warning that investments and severance expenses may rise during the second half of 2026 has led investors to question how quickly strong revenue growth will translate into sustainable earnings and returns. This concern previously outweighed the company’s earnings beat and remains an overhang on the stock. Morgan Stanley says Citi’s expense scare hides a 2028 payoff

Citigroup Price Performance

Shares of NYSE:C opened at $133.86 on Friday. The firm's 50 day moving average is $136.62 and its two-hundred day moving average is $124.76. The firm has a market capitalization of $228.31 billion, a P/E ratio of 14.46, a PEG ratio of 0.62 and a beta of 1.12. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. Citigroup Inc. has a 52 week low of $90.68 and a 52 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, topping 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 the consensus estimate of $23.74 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. The business's revenue was up 14.5% on a year-over-year basis. Analysts anticipate that Citigroup Inc. will post 11.2 earnings per share for the current year.

Citigroup announced that its Board of Directors has authorized 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 purchase up to 13.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Citigroup Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Citigroup from $140.00 to $153.00 and gave the stock an "outperform" rating in a research report on Friday, May 8th. Royal Bank Of Canada restated an "outperform" rating and set a $150.00 price objective on shares of Citigroup in a research report on Wednesday, July 15th. Oppenheimer downgraded Citigroup from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 30th. Evercore set a $143.00 target price on Citigroup in a research report on Monday, July 6th. Finally, Wells Fargo & Company raised their target price on Citigroup from $162.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, June 18th. Two investment 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 stock. According to data from MarketBeat, the stock currently 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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