Czech National Bank Boosts Stake in Citigroup Inc. $C

Key Points

• Czech National Bank increased its Citigroup stake by 2% in the second quarter, bringing its holdings to 485,473 shares valued at approximately $67.9 million. Institutional investors collectively own 71.72% of Citigroup.
• Citigroup reported quarterly EPS of $3.15, beating estimates of $2.74, while revenue reached $24.77 billion, up 14.5% year over year and above expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $145.22.
• Citigroup raised its quarterly dividend to $0.67 per share and authorized a $30 billion share-repurchase program, although planned investments and severance costs could pressure near-term earnings.

Czech National Bank grew its holdings in Citigroup Inc. (NYSE:C - Free Report) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 485,473 shares of the company's stock after purchasing an additional 9,549 shares during the period. Czech National Bank's holdings in Citigroup were worth $67,947,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Mcguire Capital Advisors Inc. purchased a new stake in Citigroup in the 4th quarter valued at about $25,000. Whipplewood Advisors LLC purchased a new position in Citigroup during the first quarter worth about $25,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of Citigroup during the fourth quarter valued at about $28,000. TD Capital Management LLC purchased a new stake in shares of Citigroup in the 4th quarter valued at approximately $28,000. Finally, IMG Wealth Management Inc. lifted its holdings in shares of Citigroup by 197.6% in the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company's stock worth $28,000 after acquiring an additional 162 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on C. Keefe, Bruyette & Woods boosted their target price on Citigroup from $140.00 to $153.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. Barclays boosted their price objective on Citigroup from $146.00 to $154.00 and gave the company an "overweight" rating in a report on Wednesday, April 15th. Weiss Ratings restated a "buy (b)" rating on shares of Citigroup in a report on Friday, July 17th. Wells Fargo & Company lifted their target price on Citigroup from $162.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, June 18th. Finally, Evercore set a $143.00 target price on Citigroup in a research report on Monday, July 6th. 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $145.22.

Citigroup Stock Performance

Shares of Citigroup stock opened at $133.86 on Friday. The business has a 50-day simple moving average of $136.62 and a 200-day simple moving average of $124.76. 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 one year low of $90.68 and a one year high of $147.96. The company has a market cap of $228.31 billion, a PE ratio of 14.46, a P/E/G ratio of 0.62 and a beta of 1.12.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. The firm's quarterly revenue was up 14.5% on a year-over-year basis. On average, equities research analysts forecast that Citigroup Inc. will post 11.2 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.67 per share. This is an increase 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 annualized dividend and a dividend yield of 2.0%. Citigroup's dividend payout ratio is presently 28.94%.

Citigroup announced that its board has authorized a share 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Key Stories Impacting Citigroup

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 Profile

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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