PensionDanmark Pensionsforsikringsaktieselskab Grows Stake in Citigroup Inc. $C

Key Points

• PensionDanmark increased its Citigroup stake by 3.5% in the second quarter, bringing its holdings to 424,914 shares valued at approximately $59.5 million. Institutional investors collectively own 71.72% of Citi’s stock.
• Citigroup reported a strong quarter, with EPS of $3.15 beating estimates of $2.74 and revenue rising 14.5% year over year to $24.77 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $145.22.
• Citi raised its quarterly dividend to $0.67 per share and authorized a $30 billion share-repurchase program. However, higher investment and severance costs remain a near-term concern for earnings and returns.

PensionDanmark Pensionsforsikringsaktieselskab lifted its position in Citigroup Inc. (NYSE:C - Free Report) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 424,914 shares of the company's stock after purchasing an additional 14,313 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Citigroup were worth $59,471,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in C. Brighton Jones LLC increased its stake in Citigroup by 166.9% in 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. Sivia Capital Partners LLC increased its position in shares of Citigroup by 20.5% in the second quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company's stock worth $835,000 after purchasing an additional 1,669 shares during the last quarter. United Bank purchased a new stake in Citigroup in the second quarter valued at approximately $972,000. Osterweis Capital Management Inc. lifted its position in Citigroup by 3,016.7% during the second quarter. Osterweis Capital Management Inc. now owns 935 shares of the company's stock valued at $80,000 after purchasing an additional 905 shares during the last quarter. Finally, HUB Investment Partners LLC grew its stake in Citigroup by 26.9% in the 2nd quarter. HUB Investment Partners LLC now owns 15,287 shares of the company's stock worth $1,301,000 after buying an additional 3,238 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on C shares. UBS Group decreased their price target on shares of Citigroup from $150.00 to $142.00 and set a "neutral" rating on the stock in a report on Monday. Weiss Ratings reissued a "buy (b)" rating on shares of Citigroup in a research note on Friday, July 17th. JPMorgan Chase & Co. lifted their price target on Citigroup from $135.50 to $149.00 and gave the stock an "overweight" rating in a research note on Monday, July 6th. Truist Financial cut their price objective on Citigroup from $158.00 to $154.00 and set a "buy" rating for the company in a report on Wednesday, July 15th. Finally, Morgan Stanley boosted their target price on Citigroup from $154.00 to $164.00 and gave the stock an "overweight" rating in a research report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and a consensus target price of $145.22.

Citigroup Stock Performance

Citigroup stock opened at $133.86 on Friday. The firm has a fifty day simple moving average of $136.62 and a two-hundred day simple moving average of $124.76. 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 twelve month low of $90.68 and a twelve month high of $147.96. The company has a market capitalization of $228.31 billion, a PE ratio of 14.46, a P/E/G ratio of 0.62 and a beta of 1.12.

Citigroup (NYSE:C - Get Free Report) last announced 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. The firm had revenue of $24.77 billion for the quarter, compared to analysts' expectations of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.During the same period last year, the firm earned $1.96 earnings per share. The company's revenue for the quarter was up 14.5% compared to the same quarter last year. Research analysts expect that Citigroup Inc. will post 11.2 EPS 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 represents a $2.68 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, August 3rd. This is a positive change from Citigroup's previous quarterly dividend of $0.60. Citigroup's dividend payout ratio is 28.94%.

Citigroup announced that its board has authorized a share repurchase plan on Thursday, May 7th that authorizes the company to buyback $30.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 13.7% of its shares through open market purchases. Shares buyback plans 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: Citigroup reported its strongest quarterly revenue in roughly a decade. Second-quarter revenue benefited from broad-based growth across businesses, higher net interest income and efficiency gains, supporting a sharp increase in profitability. Citigroup's Q2 Revenues Reach Decade High: What's Fuelling Growth?
• Positive Sentiment: Morgan Stanley argues that Citi’s planned investments and severance costs could obscure the benefits of its restructuring in the near term, but potentially produce a meaningful earnings payoff by 2028. Citi’s second-quarter net income rose 45% to $5.8 billion, reinforcing the long-term turnaround case. Morgan Stanley says Citi’s expense scare hides a 2028 payoff
• Neutral Sentiment: Citigroup-related entities exited substantial-holder status in Predictive Discovery Limited. The disclosure appears to concern Citi’s investment position in another company and is unlikely to materially affect Citigroup’s earnings or valuation. Citigroup Entities Exit Substantial Holder Status in Predictive Discovery
• Negative Sentiment: The main pressure on C is near-term cost guidance. Management’s warning that investments and severance expenses may rise during the second half of 2026 has led investors to question how quickly strong revenue growth will translate into sustainable earnings and returns. This concern previously outweighed the company’s earnings beat and remains an overhang on the stock. Morgan Stanley says Citi’s expense scare hides a 2028 payoff

Citigroup Profile

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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