Citigroup Inc. $C Shares Sold by Sapient Capital LLC

Sapient Capital LLC reduced its position in Citigroup Inc. (NYSE:C) by 62.7% in the 2nd quarter, Holdings Channel reports. The firm owned 2,331 shares of the company’s stock after selling 3,925 shares during the period. Sapient Capital LLC’s holdings in Citigroup were worth $326,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently 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. purchased a new position in shares of Citigroup in the second quarter valued at $29,000. Mcguire Capital Advisors Inc. acquired a new position in Citigroup during the fourth quarter worth about $25,000. Whipplewood Advisors LLC acquired a new stake in Citigroup during the 1st quarter valued at $25,000. Finally, TD Capital Management LLC purchased a new stake in Citigroup during the 4th quarter worth about $28,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Down 0.2%

C opened at $137.80 on Friday. The firm’s fifty day moving average price is $135.26 and its two-hundred day moving average price is $127.43. 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 $235.03 billion, a P/E ratio of 14.88, a P/E/G ratio of 0.62 and a beta of 1.12. Citigroup Inc. has a fifty-two week low of $93.66 and a fifty-two week high of $147.96.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.41. The firm had revenue of $24.77 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.96 EPS. On average, analysts anticipate that Citigroup Inc. will post 11.21 EPS for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were given a dividend of $0.67 per share. This is a boost from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.68 annualized dividend and a yield of 1.9%. Citigroup’s payout ratio is presently 28.94%.

Key Stories Impacting Citigroup

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on C shares. Oppenheimer downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Evercore set a $143.00 price target on Citigroup in a research note on Monday, July 6th. Bank of America increased their price target on Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Truist Financial decreased their price target on Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company upped their price objective on Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Two investment 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, the company has an average rating of “Moderate Buy” and an average target price of $145.22.

Citigroup Company 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.