Contravisory Investment Management Inc. Has $1.22 Million Position in Citigroup Inc. $C

Key Points

• Contravisory Investment Management increased its Citigroup stake by 6,204.3% in the second quarter, ending with 8,700 shares valued at approximately $1.22 million. Institutional investors collectively own 71.72% of Citigroup.
• Analyst sentiment remains positive, with Citigroup holding a consensus “Moderate Buy” rating and an average price target of $145.22. Recent targets range from $143 to $164.
• Citigroup reported quarterly EPS of $3.15, beating estimates of $2.74, while revenue rose 14.5% year over year to $24.77 billion. The bank also raised its quarterly dividend to $0.67 and authorized a $30 billion share-repurchase program.

Contravisory Investment Management Inc. raised its stake in Citigroup Inc. (NYSE:C - Free Report) by 6,204.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,700 shares of the company's stock after buying an additional 8,562 shares during the quarter. Contravisory Investment Management Inc.'s holdings in Citigroup were worth $1,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in C. Mcguire Capital Advisors Inc. purchased a new position in Citigroup in the fourth quarter valued at about $25,000. Whipplewood Advisors LLC purchased a new stake in shares of Citigroup during the 1st quarter worth about $25,000. Richards Merrill & Peterson Inc. purchased a new stake in shares of Citigroup during the 4th quarter worth about $28,000. TD Capital Management LLC acquired a new stake in shares of Citigroup during the 4th quarter valued at about $28,000. Finally, IMG Wealth Management Inc. lifted its holdings in shares of Citigroup by 197.6% during the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company's stock valued at $28,000 after buying an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on C. Morgan Stanley increased their price objective on Citigroup from $154.00 to $164.00 and gave the stock an "overweight" rating in a report on Monday, June 29th. Oppenheimer cut shares of 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 shares of Citigroup in a research report on Monday, July 6th. Zacks Research upgraded shares of Citigroup from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Finally, Truist Financial cut their price target on shares of Citigroup from $158.00 to $154.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and a consensus price target of $145.22.

Citigroup News Roundup

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 Down 0.0%

Shares of Citigroup stock opened at $134.95 on Monday. Citigroup Inc. has a 12-month low of $90.68 and a 12-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 stock has a 50 day moving average price of $136.81 and a two-hundred day moving average price of $124.88. The stock has a market capitalization of $230.17 billion, a P/E ratio of 14.57, a PEG ratio of 0.61 and a beta of 1.12.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating analysts' consensus estimates of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The company had revenue of $24.77 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same quarter last year, the firm posted $1.96 earnings per share. The company's quarterly revenue was up 14.5% compared to the same quarter last year. Equities analysts expect 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 issued a $0.67 dividend. 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 annualized dividend and a yield of 2.0%. Citigroup's payout ratio is 28.94%.

Citigroup announced 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 outstanding shares. This repurchase authorization allows the company to purchase up to 13.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

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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