Wellington Management Group LLP Has $58.06 Million Stock Position in Citigroup Inc. $C

Wellington Management Group LLP boosted its stake in shares of Citigroup Inc. (NYSE:C) by 156.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 414,839 shares of the company’s stock after buying an additional 252,974 shares during the quarter. Wellington Management Group LLP’s holdings in Citigroup were worth $58,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Whipplewood Advisors LLC bought a new position in shares of Citigroup during the 1st quarter worth about $25,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Citigroup in the fourth quarter valued at about $25,000. Paladin Partners LLC acquired a new stake in Citigroup during the second quarter worth about $27,000. TD Capital Management LLC acquired a new stake in Citigroup during the fourth quarter worth about $28,000. Finally, IMG Wealth Management Inc. increased its stake in Citigroup by 197.6% during the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock valued at $28,000 after acquiring an additional 162 shares during the period. 71.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Evercore set a $143.00 price objective on Citigroup in a research report on Monday, July 6th. Wells Fargo & Company upped their target price on Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. Zacks Research raised Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Wall Street Zen downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Bank of America boosted their price target on shares of Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. 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 company’s stock. Based on data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $145.22.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Buybacks and dividends support the stock: Citigroup is accelerating share repurchases and dividend payments as stronger earnings, excess capital and business simplification improve its ability to return money to shareholders. The strategy could enhance per-share earnings and reinforce confidence in management’s turnaround plan. Can Citigroup Sustain Its Aggressive Capital Return Strategy?
• Positive Sentiment: Blockchain payments provide a growth catalyst: Citi’s Services business processed live transactions on Swift’s blockchain-based ledger, making it the first U.S. bank to conduct native ledger transactions through the initiative. The move strengthens Citi’s positioning in always-on, cross-border payments and could create longer-term revenue opportunities with institutional clients. Citi’s Services Business Pioneers Live Transactions on Swift’s Ledger
• Positive Sentiment: AI-driven expense controls may improve profitability: Citi is using artificial intelligence to review and renegotiate outside law-firm billing. Although the savings potential was not quantified, lower legal expenses could support operating efficiency across capital-markets, compliance and banking operations. Citigroup Uses AI To Push Law Firms On Fees
• Neutral Sentiment: Currency view signals a changing rate outlook: Citi recommended shorting the U.S. dollar against the Canadian dollar, anticipating that stretched U.S.-Canada interest-rate differentials will reverse. The call highlights potential shifts in Federal Reserve expectations but has limited direct impact on Citigroup’s fundamental earnings. Citi goes short USD/CAD
• Negative Sentiment: UK sanctions-related penalty remains a reputational and compliance risk: Citi was fined £4.7 million for historical breaches of Russian sanctions at its London branch. The financial cost is modest relative to Citi’s size, but the action underscores ongoing regulatory and control risks. Citigroup Fined £4.7 Million in UK for Russia Sanctions Breaches

Citigroup Stock Up 2.8%

Shares of NYSE:C opened at $138.10 on Friday. Citigroup Inc. has a 52 week low of $93.66 and a 52 week high of $147.96. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The company’s fifty day moving average is $135.33 and its 200-day moving average is $127.36. The company has a market capitalization of $235.54 billion, a PE ratio of 14.91, a P/E/G ratio of 0.60 and a beta of 1.12.

Citigroup (NYSE:C) last announced 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. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business had revenue of $24.77 billion during the quarter, compared to analysts’ expectations of $23.74 billion. During the same quarter last year, the company posted $1.96 EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. Equities research analysts predict that Citigroup Inc. will post 11.21 earnings per share 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. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 3rd. Citigroup’s payout ratio is currently 28.94%.

Citigroup declared that its Board of Directors has approved a stock repurchase program on Thursday, May 7th that allows the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 13.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.