Valeo Financial Advisors LLC Trims Stake in Citigroup Inc. $C

Key Points

• Valeo Financial Advisors cut its Citigroup stake by 22.9% in the second quarter, selling 12,556 shares and retaining 42,360 shares valued at approximately $5.93 million. Institutional investors collectively own 71.72% of Citigroup.
• Analysts remain broadly positive, with Citigroup receiving a consensus “Moderate Buy” rating and an average price target of $145.22. Recent targets range from $145 to $176.
• Citigroup reported quarterly EPS of $3.15, beating estimates, while revenue rose 14.5% year over year to $24.77 billion. The bank also authorized up to $30 billion in share repurchases and raised its quarterly dividend to $0.67 per share.

Valeo Financial Advisors LLC reduced its stake in Citigroup Inc. (NYSE:C - Free Report) by 22.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,360 shares of the company's stock after selling 12,556 shares during the period. Valeo Financial Advisors LLC's holdings in Citigroup were worth $5,929,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of C. Whipplewood Advisors LLC purchased a new position in shares of Citigroup in the 1st quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. purchased a new stake in Citigroup in the fourth quarter worth $25,000. Richards Merrill & Peterson Inc. purchased a new stake in Citigroup in the fourth quarter worth $28,000. TD Capital Management LLC bought a new position in Citigroup in the fourth quarter worth $28,000. Finally, IMG Wealth Management Inc. raised its holdings in Citigroup by 197.6% in the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company's stock worth $28,000 after purchasing an additional 162 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on C. Truist Financial dropped their target price on shares of Citigroup from $158.00 to $154.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. The Goldman Sachs Group lifted their price target on shares of Citigroup from $137.00 to $151.00 and gave the company a "buy" rating in a research report on Wednesday, April 15th. Morgan Stanley boosted their price objective on shares of Citigroup from $154.00 to $164.00 and gave the stock an "overweight" rating in a research note on Monday, June 29th. Bank of America upped their price objective on shares of Citigroup from $170.00 to $176.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $145.00 target price (up from $125.00) on shares of Citigroup in a research note on Wednesday, April 15th. Two equities research 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $145.22.

Citigroup News Summary

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 Price Performance

Shares of NYSE:C opened at $134.95 on Friday. The business has a fifty day moving average price of $136.81 and a 200-day moving average price of $124.83. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $230.17 billion, a PE ratio of 14.57, a PEG ratio of 0.61 and a beta of 1.12. Citigroup Inc. has a 1-year low of $90.68 and a 1-year high of $147.96.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $23.74 billion. During the same quarter in the previous year, the business posted $1.96 EPS. Citigroup's revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts expect that Citigroup Inc. will post 11.2 EPS for the current fiscal year.

Citigroup declared that its Board of Directors has authorized a share repurchase program on Thursday, May 7th that permits the company to repurchase $30.00 billion in shares. This repurchase authorization permits the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

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 paid a $0.67 dividend. This is a boost from Citigroup's previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, August 3rd. Citigroup's payout ratio is currently 28.94%.

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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