World Equity Group Inc. Sells 9,045 Shares of Citigroup Inc. $C

Key Points

• World Equity Group cut its Citigroup stake by 33.8% in the second quarter, selling 9,045 shares and retaining 17,679 shares valued at approximately $2.47 million. Institutional investors own 71.72% of Citigroup.
• Citigroup reported a strong quarter, with EPS of $3.15 and revenue of $24.77 billion, exceeding analyst estimates; revenue increased 14.5% year over year.
• The bank authorized a $30 billion share buyback and raised its quarterly dividend to $0.67 per share. Analysts maintain an overall “Moderate Buy” rating with an average price target of $145.22.

World Equity Group Inc. lessened its position in Citigroup Inc. (NYSE:C - Free Report) by 33.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,679 shares of the company's stock after selling 9,045 shares during the quarter. World Equity Group Inc.'s holdings in Citigroup were worth $2,472,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Focus Financial Network Inc. lifted its position in shares of Citigroup by 6.0% during the 2nd quarter. Focus Financial Network Inc. now owns 4,502 shares of the company's stock worth $630,000 after purchasing an additional 255 shares during the last quarter. Allied Private Wealth LLC acquired a new stake in Citigroup in the 2nd quarter valued at approximately $1,620,000. Great Waters Wealth Management bought a new position in Citigroup in the 2nd quarter worth approximately $202,000. GoalVest Advisory LLC lifted its holdings in shares of Citigroup by 34.4% during the second quarter. GoalVest Advisory LLC now owns 387 shares of the company's stock worth $54,000 after buying an additional 99 shares during the last quarter. Finally, Aletheian Wealth Advisors LLC bought a new stake in shares of Citigroup in the second quarter valued at approximately $214,000. 71.72% of the stock is currently owned by institutional investors.

More Citigroup News

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 Down 0.0%

Shares of C opened at $134.95 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The company has a 50-day moving average price of $136.81 and a two-hundred day moving average price of $124.88. The stock has a market cap of $230.17 billion, a price-to-earnings ratio of 14.57, a P/E/G ratio of 0.61 and a beta of 1.12. Citigroup Inc. has a 12 month low of $90.68 and a 12 month high of $147.96.

Citigroup (NYSE:C - Get Free Report) last issued its 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. The business had revenue of $24.77 billion during 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%.Citigroup's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.96 EPS. Equities analysts predict that Citigroup Inc. will post 11.2 EPS for the current fiscal year.

Citigroup announced that its board has authorized a stock 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 buy up to 13.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.67 per share. This is an increase from Citigroup's previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, August 3rd. Citigroup's dividend payout ratio is currently 28.94%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Argus set a $150.00 target price on Citigroup in a research report on Wednesday, July 15th. Bank of America raised their price objective on Citigroup from $170.00 to $176.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. Zacks Research raised Citigroup from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods boosted their price objective on Citigroup from $140.00 to $153.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. raised their target price on Citigroup from $135.50 to $149.00 and gave the stock an "overweight" rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $145.22.

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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