Davidson Investment Advisors Reduces Position in Citigroup Inc. $C

Davidson Investment Advisors decreased its holdings in Citigroup Inc. (NYSE:C - Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 300,617 shares of the company's stock after selling 16,922 shares during the quarter. Citigroup makes up 1.7% of Davidson Investment Advisors' portfolio, making the stock its 12th biggest position. Davidson Investment Advisors' holdings in Citigroup were worth $42,074,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of C. Bluefin Capital Management LLC grew its stake in Citigroup by 158.1% during the 2nd quarter. Bluefin Capital Management LLC now owns 44,400 shares of the company's stock valued at $6,214,000 after purchasing an additional 27,200 shares in the last quarter. Marvin & Palmer Associates Inc. raised its position in shares of Citigroup by 136.7% in the 2nd quarter. Marvin & Palmer Associates Inc. now owns 78,786 shares of the company's stock valued at $11,027,000 after purchasing an additional 45,496 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Citigroup by 10.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,467,857 shares of the company's stock valued at $1,745,001,000 after purchasing an additional 1,210,006 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of Citigroup by 2.4% during the 2nd quarter. New Mexico Educational Retirement Board now owns 86,826 shares of the company's stock valued at $12,152,000 after buying an additional 2,000 shares during the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in shares of Citigroup by 1,166.6% during the 2nd quarter. Toth Financial Advisory Corp now owns 9,056 shares of the company's stock valued at $1,267,000 after buying an additional 8,341 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on C. Royal Bank Of Canada restated an "outperform" rating and issued a $150.00 price target on shares of Citigroup in a research note on Wednesday, July 15th. JPMorgan Chase & Co. increased their price objective on shares of Citigroup from $135.50 to $149.00 and gave the company an "overweight" rating in a research note on Monday, July 6th. Zacks Research raised shares of Citigroup from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Oppenheimer downgraded shares of Citigroup from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 30th. Finally, Bank of America upped their target price on shares of Citigroup from $170.00 to $176.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Citigroup presently has an average rating of "Moderate Buy" and a consensus target price of $145.22.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s recent quarterly results provide a fundamental cushion: earnings and revenue exceeded analyst expectations, with revenue up 14.5% year over year. SEC Probe Puts Wall Street Leverage Risk Back in Focus
• Neutral Sentiment: Citi analyst activity on Oracle, BMW and Forvia reflects the bank’s research and advisory business, but the recommendations are directed at those companies and have little direct impact on Citigroup’s equity value. Oracle Stock Gains Premarket
• Neutral Sentiment: Citigroup entities reported exiting substantial-holder status in Australia’s IDP Education and Healius. These appear to be portfolio or position disclosures rather than changes to Citi’s core business, making the immediate stock impact limited. Citi Group Entities Exit Substantial Holder Status in IDP Education
• Negative Sentiment: The SEC reportedly subpoenaed Citigroup, Goldman Sachs, JPMorgan and Bank of America over margin lending to hedge fund Situational Awareness, which suffered a 67% drawdown during an AI-stock sell-off. The probe puts leverage, collateral and counterparty-risk controls under scrutiny; potential fines, litigation costs or tighter lending requirements could weigh on Citi’s profitability, although the ultimate exposure remains unclear. SEC Probe Puts Wall Street Leverage Risk Back in Focus

Citigroup Stock Up 0.1%

C stock opened at $132.77 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 1-year low of $92.96 and a 1-year high of $147.96. The firm has a fifty day moving average price of $136.20 and a two-hundred day moving average price of $126.81. The firm has a market cap of $226.45 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 0.60 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 (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 for the quarter, compared to the consensus estimate of $23.74 billion. During the same period last year, the firm posted $1.96 EPS. The company's revenue for the quarter was up 14.5% on a year-over-year basis. Research analysts predict that Citigroup Inc. will post 11.21 EPS for the current year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.0%. This is a positive change from Citigroup's previous quarterly dividend of $0.60. The ex-dividend date was Monday, August 3rd. Citigroup's dividend payout ratio (DPR) is currently 28.94%.

Citigroup declared that its board has approved a stock buyback plan on Thursday, May 7th that authorizes the company to buyback $30.00 billion in shares. This buyback authorization authorizes the company to purchase up to 13.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are 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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