Citigroup Inc. $C Stake Decreased by Oliver Luxxe Assets LLC

Key Points

• Oliver Luxxe Assets LLC cut its Citigroup stake by 20.7% in the second quarter, selling 24,110 shares and retaining 92,597 shares valued at approximately $12.96 million. Institutional investors collectively own 71.72% of Citigroup.
• Citigroup reported strong quarterly results, with EPS of $3.15 versus the $2.74 consensus and revenue of $24.77 billion, up 14.5% year over year. The bank also authorized $30 billion in share repurchases.
• The company raised its quarterly dividend to $0.67 per share, equivalent to a 2.0% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $145.22.

Oliver Luxxe Assets LLC lowered its position in Citigroup Inc. (NYSE:C - Free Report) by 20.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,597 shares of the company's stock after selling 24,110 shares during the period. Citigroup accounts for about 1.9% of Oliver Luxxe Assets LLC's investment portfolio, making the stock its 5th largest holding. Oliver Luxxe Assets LLC's holdings in Citigroup were worth $12,960,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Citigroup by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company's stock worth $19,048,467,000 after buying an additional 4,938,923 shares during the period. Geode Capital Management LLC lifted its position in Citigroup by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company's stock valued at $5,036,712,000 after acquiring an additional 189,548 shares during the period. Franklin Resources Inc. grew its holdings in Citigroup by 4.0% in the fourth quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company's stock worth $3,990,422,000 after purchasing an additional 1,326,224 shares during the period. Fisher Asset Management LLC grew its holdings in Citigroup by 2.6% in the fourth quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company's stock worth $3,954,307,000 after purchasing an additional 846,772 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Citigroup by 2.8% during the first 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. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Price Performance

Shares of NYSE C opened at $134.95 on Friday. The firm has a market cap of $230.17 billion, a P/E ratio of 14.57, a PEG ratio of 0.61 and a beta of 1.12. Citigroup Inc. has a twelve month low of $90.68 and a twelve month 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 company has a 50 day moving average of $136.81 and a 200 day moving average of $124.83.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating the consensus estimate of $2.74 by $0.41. The business had revenue of $24.77 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company's revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $1.96 EPS. As a group, research analysts expect that Citigroup Inc. will post 11.2 EPS for the current fiscal year.

Citigroup announced that its Board of Directors has approved a share repurchase program on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its stock is 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 given a $0.67 dividend. This is a positive change from Citigroup's previous quarterly dividend of $0.60. The ex-dividend date of this dividend 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%.

Key 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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $150.00 target price on shares of Citigroup in a report on Wednesday, July 15th. Bank of America raised their price objective on Citigroup from $170.00 to $176.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Citigroup in a research note on Friday, July 17th. Wall Street Zen downgraded Citigroup from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Evercore set a $143.00 target price on Citigroup in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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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