Citigroup Inc. $C Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its holdings in Citigroup Inc. (NYSE:C) by 30.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,946 shares of the company’s stock after purchasing an additional 31,007 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Citigroup were worth $18,467,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cora Capital Advisors LLC grew its holdings in shares of Citigroup by 3.1% during the first quarter. Cora Capital Advisors LLC now owns 2,609 shares of the company’s stock worth $296,000 after buying an additional 78 shares during the last quarter. CFS Investment Advisory Services LLC increased its position in Citigroup by 0.4% in the 1st quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock valued at $2,336,000 after acquiring an additional 79 shares during the period. American Trust raised its stake in Citigroup by 3.6% during the 2nd quarter. American Trust now owns 2,331 shares of the company’s stock valued at $326,000 after acquiring an additional 80 shares during the last quarter. Invst LLC lifted its position in Citigroup by 0.8% during the 2nd quarter. Invst LLC now owns 9,601 shares of the company’s stock worth $1,344,000 after acquiring an additional 80 shares during the period. Finally, Tsfg LLC lifted its position in Citigroup by 4.9% during the 2nd quarter. Tsfg LLC now owns 1,701 shares of the company’s stock worth $238,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Evercore set a $143.00 target price on Citigroup in a report on Monday, July 6th. Morgan Stanley increased their price target on Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. UBS Group lowered their price objective on shares of Citigroup from $150.00 to $142.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. 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 note on Tuesday, July 7th. Finally, Wall Street Zen downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $145.22.

Key Citigroup News

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

Citigroup Price Performance

Shares of NYSE C opened at $137.80 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a one year low of $93.66 and a one year high of $147.96. The firm has a market capitalization of $235.03 billion, a P/E ratio of 14.88, a PEG ratio of 0.62 and a beta of 1.12. The company’s fifty day moving average is $135.26 and its two-hundred day moving average is $127.43.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 EPS 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 business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.96 earnings per share. Analysts forecast that Citigroup Inc. will post 11.21 EPS for the current fiscal year.

Citigroup Increases Dividend

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

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.