Kahn Brothers Group Inc. Takes Position in Citigroup Inc. $C

Kahn Brothers Group Inc. purchased a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 836,337 shares of the company's stock, valued at approximately $117,054,000. Citigroup comprises 0.2% of Kahn Brothers Group Inc.'s investment portfolio, making the stock its 11th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dearborn Partners LLC acquired a new position in Citigroup in the 2nd quarter valued at approximately $1,156,000. Public Employees Retirement System of Ohio acquired a new position in shares of Citigroup during the second quarter worth $93,295,000. Blue Edge Capital LLC acquired a new position in shares of Citigroup during the second quarter worth $4,811,000. Corient Private Wealth LP grew its stake in shares of Citigroup by 56.1% in the second quarter. Corient Private Wealth LP now owns 978,877 shares of the company's stock worth $137,004,000 after purchasing an additional 351,832 shares during the last quarter. Finally, Birmingham Capital Management Co. Inc. AL bought a new stake in shares of Citigroup in the second quarter worth $1,750,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on C. Zacks Research raised Citigroup from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Bank of America upped their price target on Citigroup from $170.00 to $176.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods raised their price objective on Citigroup from $140.00 to $153.00 and gave the stock an "outperform" rating in a research report on Friday, May 8th. JPMorgan Chase & Co. raised their price objective on Citigroup from $135.50 to $149.00 and gave the stock an "overweight" rating in a research report on Monday, July 6th. Finally, Oppenheimer lowered Citigroup from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $145.22.

Citigroup Stock Down 0.6%

Shares of NYSE:C opened at $132.80 on Friday. The company has a market capitalization of $226.50 billion, a price-to-earnings ratio of 14.34, a P/E/G 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 business's 50-day moving average is $136.41 and its 200-day moving average is $126.76. Citigroup Inc. has a 1 year low of $92.96 and a 1 year high of $147.96.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.41. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company had revenue of $24.77 billion during the quarter, compared to analyst estimates of $23.74 billion. During the same period in the prior year, the company posted $1.96 earnings per share. Citigroup's quarterly revenue was up 14.5% on a year-over-year basis. Equities research analysts predict that Citigroup Inc. will post 11.2 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors 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. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, August 3rd. Citigroup's dividend payout ratio is presently 28.94%.

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

Citigroup News Roundup

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

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.

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.

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