Corient Private Wealth LP Sells 62,908 Shares of Citigroup Inc. $C

Key Points

• Corient Private Wealth reduced its Citigroup stake by 10%, selling 62,908 shares during the second quarter and retaining 564,137 shares valued at approximately $79 million. Institutional investors collectively own 71.72% of Citigroup.
• Citigroup exceeded quarterly expectations, reporting $3.15 in EPS and $24.77 billion in revenue, with revenue up 14.5% year over year. Shares recently traded at $138.83, below the 52-week high of $147.96.
• The bank raised its quarterly dividend from $0.60 to $0.67 per share, equivalent to an annualized $2.68 payout and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $145.22.

Corient Private Wealth LP trimmed its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 10.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 564,137 shares of the company's stock after selling 62,908 shares during the quarter. Corient Private Wealth LP's holdings in Citigroup were worth $78,956,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of C. Compass Financial Management LLC acquired a new stake in Citigroup in the second quarter valued at approximately $898,000. UniSuper Management Pty Ltd increased its position in shares of Citigroup by 38.8% during the fourth quarter. UniSuper Management Pty Ltd now owns 1,306,851 shares of the company's stock worth $152,496,000 after purchasing an additional 365,041 shares in the last quarter. Brighton Jones LLC increased its position in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Allstate Corp lifted its holdings in shares of Citigroup by 110.4% during the 4th quarter. Allstate Corp now owns 140,596 shares of the company's stock valued at $16,406,000 after purchasing an additional 73,758 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Citigroup by 6.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 444,002 shares of the company's stock valued at $51,811,000 after purchasing an additional 27,130 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

Shares of C stock opened at $138.83 on Friday. The business has a fifty day moving average of $135.00 and a 200 day moving average of $128.25. Citigroup Inc. has a 1 year low of $93.66 and a 1 year high of $147.96. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $236.78 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 0.63 and a beta of 1.12.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share 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 for the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the previous year, the business earned $1.96 EPS. The company's quarterly revenue was up 14.5% compared to the same quarter last year. As a group, research 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 was paid on Friday, August 28th. Investors of record on Monday, August 3rd were given a $0.67 dividend. This is an increase 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%. The ex-dividend date was Monday, August 3rd. Citigroup's payout ratio is currently 28.94%.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Tokenized-dollar payments highlight fintech progress: Citigroup and DBS completed a cross-border U.S.-dollar transfer between Singapore and the United States over a weekend using tokenized deposits and the SWIFT Digital Ledger. The demonstration supports Citi’s strategy of enabling faster, potentially 24/7 institutional payments, although the ability to scale the network remains an open question. Citigroup completed weekend tokenized-dollar transfer
• Positive Sentiment: Japan expansion broadens growth opportunity: Citi reportedly plans to offer tokenized-deposit remittance services to Japanese corporate clients by the end of 2026. Being an early foreign-bank provider in Japan could strengthen Citi’s institutional-services franchise and reinforce its global payments ambitions. Citi expands tokenized deposits into Japan
• Positive Sentiment: Turnaround momentum continues to attract investors: Recent commentary describes Citigroup as one of several large investment banks that have rallied strongly while still appearing attractively valued. Investors are also watching management’s restructuring and efficiency efforts following the bank’s recent earnings beat. Investment bank valuation discussion
• Neutral Sentiment: Private-bank hiring supports wealth-management ambitions: Citi Private Bank hired Teresa Radzinski from Bank of America to strengthen relationships with ultra-high-net-worth clients. The move is strategically positive, but its financial impact is unlikely to be material immediately. Citi Private Bank hiring
• Negative Sentiment: California lawsuit creates legal and reputational risk: A lawsuit alleges Citigroup used tracking pixels to intercept users’ online communications. The claims have not been adjudicated, but potential privacy-related costs, regulatory scrutiny, or reputational damage could weigh on sentiment. California lawsuit against Citigroup

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Citigroup from $162.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, June 18th. Wall Street Zen cut Citigroup from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. raised their price target on Citigroup from $135.50 to $149.00 and gave the stock an "overweight" rating in a report on Monday, July 6th. Morgan Stanley boosted their price target on Citigroup from $154.00 to $164.00 and gave the stock an "overweight" rating in a research note on Monday, June 29th. Finally, Truist Financial cut their price objective 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 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $145.22.

Citigroup Company 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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