NewEdge Advisors LLC Grows Position in Citigroup Inc. $C

Key Points

• NewEdge Advisors increased its Citigroup position by 9.0% in the second quarter, bringing its holdings to 271,355 shares valued at approximately $38.0 million. Institutional investors collectively own 71.72% of Citigroup.
• Citigroup reported quarterly earnings of $3.15 per share, beating estimates of $2.74, while revenue rose 14.5% year over year to $24.77 billion. The company also raised its quarterly dividend to $0.67, equivalent to a 1.9% annual yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $145.22, although several firms recently lowered targets or ratings. Citigroup shares opened at $137.91, near their 52-week high of $147.96.

NewEdge Advisors LLC boosted its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 9.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 271,355 shares of the company's stock after purchasing an additional 22,351 shares during the period. NewEdge Advisors LLC's holdings in Citigroup were worth $37,979,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Whipplewood Advisors LLC bought a new position in Citigroup in the 1st quarter valued at $25,000. Mcguire Capital Advisors Inc. purchased a new stake in Citigroup in the 4th quarter valued at about $25,000. Paladin Partners LLC purchased a new stake in Citigroup in the 2nd quarter valued at about $27,000. TD Capital Management LLC bought a new position in Citigroup in the 4th quarter worth about $28,000. Finally, IMG Wealth Management Inc. grew its stake in Citigroup by 197.6% in the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company's stock worth $28,000 after acquiring an additional 162 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

Key Citigroup News

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on C. Evercore set a $143.00 target price on shares of Citigroup in a research report on Monday, July 6th. UBS Group lowered their price target on Citigroup from $150.00 to $142.00 and set a "neutral" rating for the company in a report on Monday, August 3rd. Wall Street Zen cut Citigroup from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Truist Financial reduced their price objective on Citigroup from $158.00 to $154.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. Finally, Oppenheimer lowered Citigroup from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $145.22.

Citigroup Trading Up 0.9%

NYSE C opened at $137.91 on Thursday. Citigroup Inc. has a one year low of $93.66 and a one year high of $147.96. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $235.21 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 0.62 and a beta of 1.12. The company's 50-day simple moving average is $135.05 and its two-hundred day simple moving average is $128.02.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping 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 firm had revenue of $24.77 billion during the quarter, compared to analysts' expectations of $23.74 billion. During the same quarter in the prior year, the company earned $1.96 EPS. The company's revenue was up 14.5% compared to the same quarter last year. Equities analysts forecast that Citigroup Inc. will post 11.21 EPS for the current fiscal 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 $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.9%. This is a positive change 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 presently 28.94%.

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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