SMART Wealth LLC Purchases New Stake in Citigroup Inc. $C

Key Points

• SMART Wealth LLC acquired 7,448 Citigroup shares worth approximately $1.04 million in the second quarter. Institutional investors collectively own 71.72% of the company.
• Citigroup reported quarterly EPS of $3.15, beating estimates of $2.74, while revenue rose 14.5% year over year to $24.77 billion.
• Citigroup raised its quarterly dividend from $0.60 to $0.67 per share, representing an annualized yield of about 1.9%; analysts maintain a “Moderate Buy” consensus with a $145.22 price target.

SMART Wealth LLC bought a new position in shares of Citigroup Inc. (NYSE:C - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,448 shares of the company's stock, valued at approximately $1,042,000.

Several other institutional investors have also bought and sold shares of C. Paladin Partners LLC purchased a new stake in shares of Citigroup in the second quarter valued at about $27,000. Pin Oak Investment Advisors Inc. bought a new position in Citigroup during the second quarter valued at $29,000. Mcguire Capital Advisors Inc. purchased a new stake in Citigroup in the 4th quarter worth about $25,000. Whipplewood Advisors LLC purchased a new position in shares of Citigroup in the first quarter worth about $25,000. Finally, TD Capital Management LLC purchased a new position in Citigroup in the 4th quarter valued at approximately $28,000. Institutional investors own 71.72% of the company's stock.

Citigroup Stock Down 0.2%

NYSE:C opened at $137.80 on Friday. The company has a market capitalization of $235.03 billion, a PE ratio of 14.88, a P/E/G ratio of 0.62 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. Citigroup Inc. has a 1-year low of $93.66 and a 1-year high of $147.96. The firm's 50-day moving average price is $135.26 and its 200-day moving average price is $127.43.

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 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 analyst estimates of $23.74 billion. During the same period last year, the business earned $1.96 earnings per share. The business's revenue was up 14.5% on a year-over-year basis. On average, equities analysts predict that Citigroup Inc. will post 11.21 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.67 per share. The ex-dividend date was Monday, August 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 1.9%. This is an increase from Citigroup's previous quarterly dividend of $0.60. Citigroup's dividend payout ratio (DPR) is 28.94%.

Analyst Ratings Changes

C has been the topic of several analyst reports. Truist Financial decreased their price target on Citigroup from $158.00 to $154.00 and set a "buy" rating on the stock in a research report on Wednesday, July 15th. Argus set a $150.00 price target on Citigroup in a research note on Wednesday, July 15th. JPMorgan Chase & Co. upped their price objective on shares of Citigroup from $135.50 to $149.00 and gave the company an "overweight" rating in a research note on Monday, July 6th. Keefe, Bruyette & Woods increased their target price on Citigroup from $140.00 to $153.00 and gave the company an "outperform" rating in a report on Friday, May 8th. Finally, Wall Street Zen cut shares of Citigroup from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and a consensus price target of $145.22.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: China brokerage expansion: Citi expects Beijing approval for its wholly owned China brokerage business as soon as this month and plans to add several dozen employees. The license could strengthen Citi’s presence in China’s capital-markets and wealth businesses. Citi eyes China brokerage unit licence as soon as this month
• Positive Sentiment: Wealth-management hiring: Citi’s wealth unit added senior executives from Apollo and Bank of America as the division extends its growth streak. The appointments signal continued investment in a business that can generate fee income and diversify results beyond traditional lending. Citi wealth unit adds Apollo, Bank of America alums
• Positive Sentiment: Capital returns remain a support: Analysts highlighted Citi’s aggressive buyback and dividend strategy, supported by stronger earnings, excess capital and business simplification. Continued returns could improve per-share earnings and investor sentiment, although they depend on sustained profitability and regulatory approval. Can Citigroup Sustain Its Aggressive Capital Return Strategy?
• Neutral Sentiment: Rate outlook reset: Citi economists moved their forecast for Federal Reserve rate cuts to 2027 after a stronger U.S. jobs report. Delayed easing could support Citi’s net interest income, but it also raises borrowing costs for consumers and businesses and may pressure credit quality and deal activity. Citigroup delays Fed rate-cut forecast to 2027
• Negative Sentiment: Sanctions-related regulatory risk: A UK regulator reportedly fined a Citi unit over breaches involving Russia sanctions. The financial impact may be manageable, but the incident adds compliance costs and reputational risk as investors monitor Citi’s ongoing control improvements. UK fines Citigroup unit over Russia sanctions breaches

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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