Engineers Gate Manager LP Lowers Stake in Citigroup Inc. $C

Engineers Gate Manager LP reduced its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 52.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 205,906 shares of the company's stock after selling 228,492 shares during the period. Engineers Gate Manager LP's holdings in Citigroup were worth $28,819,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Compass Financial Management LLC purchased a new position in shares of Citigroup in the second quarter worth about $898,000. UniSuper Management Pty Ltd grew its position in Citigroup by 38.8% during the 4th quarter. UniSuper Management Pty Ltd now owns 1,306,851 shares of the company's stock worth $152,496,000 after acquiring an additional 365,041 shares during the last quarter. Brighton Jones LLC grew its position in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after acquiring an additional 12,499 shares during the last quarter. Allstate Corp increased its stake in Citigroup by 110.4% in the 4th quarter. Allstate Corp now owns 140,596 shares of the company's stock worth $16,406,000 after purchasing an additional 73,758 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Citigroup by 6.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 444,002 shares of the company's stock worth $51,811,000 after purchasing an additional 27,130 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Citigroup from $135.50 to $149.00 and gave the company an "overweight" rating in a research note on Monday, July 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $150.00 target price on shares of Citigroup in a research note on Wednesday, July 15th. Truist Financial lowered their price target on shares of Citigroup from $158.00 to $154.00 and set a "buy" rating for the company in a report on Wednesday, July 15th. Zacks Research raised shares of Citigroup from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Finally, Morgan Stanley boosted their price objective on shares of Citigroup from $154.00 to $164.00 and gave the company an "overweight" rating in a research report on Monday, June 29th. 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 currently has an average rating of "Moderate Buy" and an average target price of $145.22.

Citigroup Price Performance

Shares of Citigroup stock opened at $137.91 on Thursday. The business has a 50 day moving average of $135.05 and a 200 day moving average of $128.02. Citigroup Inc. has a 52 week low of $93.66 and a 52 week high of $147.96. The company has a market cap of $235.21 billion, a PE ratio of 14.89, a P/E/G ratio of 0.62 and a beta of 1.12. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data 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. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business had revenue of $24.77 billion for the quarter, compared to the consensus estimate of $23.74 billion. During the same period in the previous year, the firm earned $1.96 EPS. The company's quarterly revenue was up 14.5% compared to the same quarter last year. As a group, equities research analysts forecast that Citigroup Inc. will post 11.21 earnings per share for the current year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 3rd. This is a positive change from Citigroup's previous quarterly dividend of $0.60. Citigroup's payout ratio is presently 28.94%.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Private-bank expansion: Citi Private Bank hired Teresa Radzinski from Bank of America to strengthen relationships with ultra-high-net-worth clients. The move could support growth in deposits, lending and wealth-management fees. Citi Private Bank hires Radzinski from Bank of America
• Positive Sentiment: Tokenized deposits: Citi plans to introduce a tokenized-deposit service for Japanese businesses, extending its blockchain-based payments capabilities into a major corporate market. The initiative could create new transaction revenue and improve payment efficiency, although commercial benefits may take time to develop. Citi plans to bring tokenized deposit service to Japanese businesses
• Positive Sentiment: Cross-border payments milestone: Citi and DBS completed a live Singapore-to-U.S. dollar payment using tokenized bank deposits and SWIFT’s blockchain-based Digital Ledger. The transaction reinforces Citi’s positioning in faster, around-the-clock institutional payments. DBS and Citi bring 24/7 tokenized dollar payments to SWIFT’s blockchain ledger
• Positive Sentiment: Bullish investment view: A Wall Street-focused analysis highlighted Citi’s restructuring progress and argued that the stock’s valuation has not fully reflected the improvement. Such commentary may reinforce investor confidence in management’s turnaround strategy. Citigroup’s restructuring is working, and valuation has not caught up
• Neutral Sentiment: Citi hosted presentations from biotechnology companies at its 2026 Biopharma Back to School Summit. The event supports Citi’s investment-banking and research franchise but is unlikely to materially affect near-term earnings. Seaport Therapeutics presents at Citi’s Biopharma Back to School Summit

About Citigroup

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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