Citigroup Inc. $C is Oliver Luxxe Assets LLC’s 5th Largest Position

Oliver Luxxe Assets LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 20.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 92,597 shares of the company’s stock after selling 24,110 shares during the quarter. Citigroup makes up 1.9% of Oliver Luxxe Assets LLC’s holdings, making the stock its 5th largest holding. Oliver Luxxe Assets LLC’s holdings in Citigroup were worth $12,960,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of C. Vanguard Group Inc. lifted its holdings in Citigroup by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock valued at $19,048,467,000 after acquiring an additional 4,938,923 shares during the period. Geode Capital Management LLC increased its position in shares of Citigroup by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock valued at $5,036,712,000 after purchasing an additional 189,548 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Citigroup by 4.0% during the 4th quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock valued at $3,990,422,000 after purchasing an additional 1,326,224 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Citigroup by 2.6% in the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock worth $3,954,307,000 after purchasing an additional 846,772 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Citigroup by 2.8% in the 1st quarter. Bank of America Corp DE now owns 26,869,012 shares of the company’s stock worth $3,047,215,000 after purchasing an additional 728,043 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

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 Stock Up 0.8%

Shares of C stock opened at $134.95 on Friday. 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 one year low of $90.68 and a one year high of $147.96. The company’s fifty day moving average price is $136.81 and its 200-day moving average price is $124.83. The company has a market capitalization of $230.17 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.61 and a beta of 1.12.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share 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 the consensus estimate of $23.74 billion. During the same quarter in the prior year, the firm posted $1.96 EPS. Citigroup’s quarterly revenue was up 14.5% compared to the same quarter last year. Sell-side analysts expect that Citigroup Inc. will post 11.2 EPS for the current fiscal year.

Citigroup announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 7th that allows the company to buyback $30.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 13.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Citigroup Increases Dividend

The firm also recently disclosed 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 represents a $2.68 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, August 3rd. Citigroup’s dividend payout ratio is currently 28.94%.

Analyst Upgrades and Downgrades

C has been the subject of several recent research reports. Barclays boosted their target price on shares of Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Wells Fargo & Company lifted their price target 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. Bank of America boosted their price objective on shares of Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. upped their price target on Citigroup from $135.50 to $149.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Finally, Zacks Research upgraded Citigroup from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Two investment 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.22.

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.