NewEdge Advisors LLC Increases Position in Citigroup Inc. $C

Key Points

• NewEdge Advisors increased its Citigroup position by 20% in the first quarter, adding 41,436 shares to reach 249,004 shares valued at approximately $28.2 million. Institutional investors collectively own 71.72% of Citigroup.
• Citigroup exceeded quarterly expectations, reporting $3.15 in EPS and $24.77 billion in revenue, with revenue up 14.5% year over year.
• The bank raised its quarterly dividend to $0.67 per share and has authorized a $30 billion share-repurchase program. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $145.22.

NewEdge Advisors LLC boosted its position in Citigroup Inc. (NYSE:C - Free Report) by 20.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 249,004 shares of the company's stock after acquiring an additional 41,436 shares during the period. NewEdge Advisors LLC's holdings in Citigroup were worth $28,239,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Citigroup in the fourth quarter valued at approximately $2,800,944,000. Vanguard Group Inc. grew its stake in shares of Citigroup by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company's stock valued at $19,048,467,000 after buying an additional 4,938,923 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Citigroup during the 4th quarter worth $298,082,000. SEB Asset Management AB acquired a new stake in shares of Citigroup during the 1st quarter worth $252,972,000. Finally, Deutsche Bank AG raised its position in shares of Citigroup by 28.4% in the 4th quarter. Deutsche Bank AG now owns 7,158,142 shares of the company's stock worth $835,284,000 after buying an additional 1,582,150 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Brokerages collectively assign Citigroup an average “Moderate Buy” rating, reinforcing the bullish case for the common stock. The rating should be viewed cautiously because analyst recommendations can be systematically optimistic. Citigroup Receives Average Rating of Moderate Buy
• Positive Sentiment: Citi raised its third-quarter 2026 Brent crude forecast to $80 per barrel. A higher oil-price outlook could support trading activity and commodities-related client demand, although the unchanged longer-term forecasts suggest the adjustment is limited rather than a major change in strategy. Citi Raises Q3 2026 Brent Crude Oil Forecast
• Neutral Sentiment: Citigroup’s investment-banking and research operations remain active, with the bank maintaining a Buy rating on Micron while lowering its price target because memory-price momentum may peak in 2027. The development does not directly change Citi’s fundamentals but highlights potential market-cycle and client-exposure risks. Micron Stock Slips as Citi Cuts Target
• Negative Sentiment: Citigroup’s preferred shares have recently declined as investors speculate that the bank could redeem the issue. A redemption could eliminate the preferred security’s roughly 10% yield, creating uncertainty for income investors, though the issue is distinct from Citigroup’s common stock. Why Citigroup Preferred’s 10% Yield May Not Last

Citigroup Stock Up 0.8%

NYSE C opened at $134.95 on Friday. 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 Inc. has a fifty-two week low of $90.68 and a fifty-two week high of $147.96. The business has a 50 day moving average price of $136.81 and a two-hundred day moving average price of $124.83. The stock has a market cap of $230.17 billion, a PE ratio of 14.57, a P/E/G ratio of 0.60 and a beta of 1.12.

Citigroup (NYSE:C - Get Free Report) last posted 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 company had revenue of $24.77 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same quarter last year, the firm posted $1.96 earnings per share. The business's quarterly revenue was up 14.5% on a year-over-year basis. As a group, sell-side analysts predict that Citigroup Inc. will post 11.2 EPS for the current fiscal year.

Citigroup Increases Dividend

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

Citigroup announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 7th that allows the company to buyback $30.00 billion in shares. This buyback authorization allows the company to purchase up to 13.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

C has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Citigroup from $137.00 to $151.00 and gave the company a "buy" rating in a report on Wednesday, April 15th. Wall Street Zen lowered Citigroup from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley raised their price objective on Citigroup from $154.00 to $164.00 and gave the stock an "overweight" rating in a report on Monday, June 29th. Zacks Research upgraded Citigroup from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Citigroup in a research report on Friday, July 17th. 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 company's stock. According to MarketBeat, Citigroup presently has a consensus rating of "Moderate Buy" and an average price target of $145.22.

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.

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