Dearborn Partners LLC Invests $1.16 Million in Citigroup Inc. $C

Key Points

• Dearborn Partners acquired 8,260 Citigroup shares worth approximately $1.16 million during the second quarter, while institutional investors collectively own 71.72% of the stock.
• Citigroup exceeded quarterly expectations with $3.15 EPS and $24.77 billion in revenue, up 14.5% year over year. The bank also authorized a $30 billion share repurchase program and raised its quarterly dividend to $0.67.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $145.22, though an SEC investigation into margin lending practices introduces regulatory and reputational risks.

Dearborn Partners LLC bought a new stake in Citigroup Inc. (NYSE:C - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,260 shares of the company's stock, valued at approximately $1,156,000.

Other institutional investors also recently bought and sold shares of the company. Paladin Partners LLC acquired a new stake in shares of Citigroup in the second quarter worth $27,000. Mcguire Capital Advisors Inc. acquired a new position in Citigroup during the fourth quarter valued at $25,000. Whipplewood Advisors LLC acquired a new position in Citigroup during the first quarter valued at $25,000. TD Capital Management LLC purchased a new stake in Citigroup in the fourth quarter valued at $28,000. Finally, IMG Wealth Management Inc. boosted its holdings in Citigroup by 197.6% in the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company's stock valued at $28,000 after purchasing an additional 162 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Down 0.6%

Shares of C stock opened at $132.80 on Friday. Citigroup Inc. has a 1-year low of $92.96 and a 1-year high of $147.96. The company has a market cap of $226.50 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 0.60 and a beta of 1.12. 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 stock has a 50 day simple moving average of $136.41 and a 200-day simple moving average of $126.76.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.74 by $0.41. The firm had revenue of $24.77 billion for the quarter, compared to analysts' expectations of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The firm's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 EPS. On average, equities research analysts expect that Citigroup Inc. will post 11.2 EPS for the current fiscal year.

Citigroup announced that its board has initiated a stock buyback program on Thursday, May 7th that permits the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 3rd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. This is a positive change from Citigroup's previous quarterly dividend of $0.60. The ex-dividend date is Monday, August 3rd. Citigroup's dividend payout ratio (DPR) is 28.94%.

Analyst Ratings Changes

C has been the subject of several analyst reports. Zacks Research raised Citigroup from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Truist Financial reduced their price target on Citigroup from $158.00 to $154.00 and set a "buy" rating for the company in a research report on Wednesday, July 15th. Morgan Stanley boosted their price target on Citigroup from $154.00 to $164.00 and gave the company an "overweight" rating in a report on Monday, June 29th. Wells Fargo & Company upped their price objective on Citigroup from $162.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, June 18th. Finally, Evercore set a $143.00 price objective on shares of Citigroup in a research note on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $145.22.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Strong Korean capital-markets outlook: Citi expects record capital issuance in South Korea during 2026 as deal activity accelerates. Greater investment-banking and underwriting volume could support fee revenue, although the benefit to Citigroup’s overall results is likely modest. Citi Expects Record Korea Capital Issuance in 2026 as Deals Jump
• Positive Sentiment: Potential benefit from firm interest rates: The Bank of Korea raised its benchmark rate to 3% and cited persistent inflation and solid growth. A higher-rate environment can support bank net interest income, though it may also increase credit and funding risks. Bank of Korea Raises Rates
• Neutral Sentiment: Research activity draws attention: Citi’s bullish call and 90-day catalyst watch on Oracle highlight ongoing demand for the bank’s equity-research and advisory services, but the news directly affects Oracle rather than Citigroup’s earnings. Citi Adds Oracle Catalyst Watch
• Neutral Sentiment: Healius ownership reduced: Citigroup entities exited substantial-holder status in Australian healthcare company Healius. The transaction appears to be a portfolio or client-position change, with no clear direct impact on C’s fundamentals. Citi Entities Exit Healius Holder Status
• Negative Sentiment: SEC investigation increases risk concerns: The SEC 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 subpoenas do not establish wrongdoing, but they raise concerns about leverage controls, potential client losses, regulatory costs and reputational damage. SEC Probe Puts Wall Street Leverage Risk Back in Focus

Citigroup Company 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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