Headlands Technologies LLC Has $1.01 Million Stock Position in Citigroup Inc. $C

Key Points

• Headlands Technologies cut its Citigroup stake by 82.5% in the second quarter, leaving it with 7,194 shares valued at approximately $1.01 million. Institutional investors collectively own 71.72% of Citigroup.
• Citigroup exceeded quarterly expectations, reporting $3.15 in EPS and $24.77 billion in revenue, while revenue increased 14.5% year over year.
• The bank approved a $30 billion share-repurchase program and raised its quarterly dividend to $0.67 per share. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $145.22.

Headlands Technologies LLC reduced its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 82.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,194 shares of the company's stock after selling 33,815 shares during the quarter. Headlands Technologies LLC's holdings in Citigroup were worth $1,007,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of C. Cora Capital Advisors LLC raised its position in shares of Citigroup by 3.1% during the first quarter. Cora Capital Advisors LLC now owns 2,609 shares of the company's stock valued at $296,000 after buying an additional 78 shares during the last quarter. CFS Investment Advisory Services LLC lifted its stake in shares of Citigroup by 0.4% in the first quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company's stock valued at $2,336,000 after buying an additional 79 shares during the period. American Trust grew its position in Citigroup by 3.6% during the second quarter. American Trust now owns 2,331 shares of the company's stock worth $326,000 after buying an additional 80 shares in the last quarter. Invst LLC grew its position in Citigroup by 0.8% during the second quarter. Invst LLC now owns 9,601 shares of the company's stock worth $1,344,000 after buying an additional 80 shares in the last quarter. Finally, Verus Capital Partners LLC increased its stake in Citigroup by 3.1% during the fourth quarter. Verus Capital Partners LLC now owns 2,748 shares of the company's stock valued at $321,000 after acquiring an additional 82 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Price Performance

Citigroup stock opened at $132.53 on Wednesday. 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 company has a market capitalization of $226.04 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 0.59 and a beta of 1.12. Citigroup Inc. has a one year low of $92.96 and a one year high of $147.96. The business has a 50 day simple moving average of $135.66 and a 200 day simple moving average of $127.00.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned $1.96 EPS. The firm's revenue for the quarter was up 14.5% compared to the same quarter last year. On average, sell-side analysts forecast that Citigroup Inc. will post 11.21 EPS for the current fiscal year.

Citigroup announced that its board has approved a share buyback plan on Thursday, May 7th that permits the company to repurchase $30.00 billion in shares. This repurchase authorization permits the company to buy up to 13.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. This is a boost from Citigroup's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, August 3rd. Citigroup's payout ratio is currently 28.94%.

Analyst Upgrades and Downgrades

C has been the topic of a number of research reports. Oppenheimer cut Citigroup from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 30th. Wall Street Zen cut Citigroup from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Argus set a $150.00 price target on shares of Citigroup in a research note on Wednesday, July 15th. Evercore set a $143.00 price target on shares of Citigroup in a report on Monday, July 6th. Finally, Morgan Stanley raised their price objective on shares of Citigroup from $154.00 to $164.00 and gave the stock an "overweight" rating in a report on Monday, June 29th. Two 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $145.22.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analysts currently assign Citigroup an average “Moderate Buy” rating, reinforcing the view that the stock’s valuation and improving fundamentals remain attractive. Citigroup Receives Moderate Buy Rating
• Positive Sentiment: Erste Group Bank raised its fiscal 2026 EPS forecast for Citigroup (C), offering a positive signal for expected earnings momentum. The upgrade follows Citigroup’s recent quarterly beat, in which EPS and revenue exceeded consensus estimates and revenue grew year over year. Citigroup FY2026 EPS Forecast Raised
• Positive Sentiment: Citigroup is expanding its North Asia desk workforce by roughly 25%, indicating continued investment in the region and confidence in potential growth across Asian financial markets. The move could support future revenue in investment banking, markets and wealth management, although it may raise near-term expenses. Citigroup Expands North Asia Desk
• Positive Sentiment: Citigroup and other major banks are asking elite law firms to reduce hourly fees as artificial intelligence makes routine legal work more efficient. If successful, lower external legal costs could improve operating efficiency, though the financial impact is likely modest relative to Citigroup’s overall expense base. Wall Street Banks Seek Lower Legal Fees
• Neutral Sentiment: Citigroup recommended buying the dip in Howmet Aerospace and placed Kroger on a short-term downside catalyst watch. These research calls may enhance Citi’s investment-banking and research profile, but they have no direct material effect on C stock. Citigroup Research Calls on Howmet Aerospace
• Neutral Sentiment: A planned atrium and headquarters renovation in Belfast highlights Citigroup’s ongoing investment in its international operations, but it is unlikely to be a meaningful near-term stock catalyst. Citigroup Belfast Headquarters Renovation

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.

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source