Sarasin & Partners LLP Has $259.87 Million Position in Citigroup Inc. $C

Key Points

• Sarasin & Partners significantly increased its Citigroup stake by 183.5% in the second quarter, purchasing 1.2 million additional shares. Its 1.86 million-share position was valued at approximately $259.9 million and represented 3% of its portfolio.
• Citigroup reported a strong quarter, with EPS of $3.15 beating estimates and revenue rising 14.5% year over year to $24.77 billion. The company also raised its quarterly dividend to $0.67 and authorized a $30 billion share-repurchase program.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Moderate Buy” rating and a $145.22 price target. However, expected restructuring investments and severance costs could pressure near-term earnings despite potential longer-term benefits.

Sarasin & Partners LLP increased its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 183.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,856,723 shares of the company's stock after purchasing an additional 1,201,901 shares during the quarter. Citigroup makes up 3.0% of Sarasin & Partners LLP's portfolio, making the stock its 9th biggest holding. Sarasin & Partners LLP owned approximately 0.11% of Citigroup worth $259,867,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp grew its holdings in Citigroup by 4.7% during the 4th quarter. Truist Financial Corp now owns 375,977 shares of the company's stock valued at $43,873,000 after buying an additional 16,744 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in Citigroup by 38.8% in the 4th quarter. UniSuper Management Pty Ltd now owns 1,306,851 shares of the company's stock worth $152,496,000 after acquiring an additional 365,041 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Citigroup by 166.9% during 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 in the last quarter. Merit Financial Group LLC raised its holdings in shares of Citigroup by 15.6% during the 4th quarter. Merit Financial Group LLC now owns 96,453 shares of the company's stock worth $11,255,000 after acquiring an additional 13,046 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its position in shares of Citigroup by 9.8% during the 4th quarter. Ritholtz Wealth Management now owns 132,679 shares of the company's stock valued at $15,482,000 after acquiring an additional 11,791 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

NYSE:C opened at $133.86 on Friday. The firm has a market capitalization of $228.31 billion, a PE ratio of 14.46, a PEG ratio of 0.62 and a beta of 1.12. The stock's fifty day moving average is $136.62 and its 200 day moving average is $124.76. Citigroup Inc. has a fifty-two week low of $90.68 and a fifty-two week 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.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 EPS 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 company had revenue of $24.77 billion during the quarter, compared to analyst estimates of $23.74 billion. During the same period in the previous year, the firm earned $1.96 earnings per share. Citigroup's quarterly revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Citigroup Inc. will post 11.2 earnings per share for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 3rd will be issued a $0.67 dividend. This is a boost from Citigroup's previous quarterly dividend of $0.60. The ex-dividend date is Monday, August 3rd. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. Citigroup's dividend payout ratio (DPR) is 28.94%.

Citigroup announced that its board has authorized a share buyback program on Thursday, May 7th that permits the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 13.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Citigroup from $150.00 to $142.00 and set a "neutral" rating on the stock in a research report on Monday. Keefe, Bruyette & Woods increased their price objective on shares of Citigroup from $140.00 to $153.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. Wells Fargo & Company lifted their price objective on shares of Citigroup from $162.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, June 18th. Barclays boosted their target price on shares of Citigroup from $146.00 to $154.00 and gave the stock an "overweight" rating in a report on Wednesday, April 15th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Citigroup in a report on Friday, July 17th. 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $145.22.

Key Citigroup News

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

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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