Canandaigua National Bank & Trust Co. Makes New Investment in Citigroup Inc. $C

Canandaigua National Bank & Trust Co. purchased a new stake in shares of Citigroup Inc. (NYSE:C) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,080 shares of the company’s stock, valued at approximately $1,411,000.

Other large investors also recently modified their holdings of the company. Arlington Trust Co LLC grew its holdings in shares of Citigroup by 41.2% during the 2nd quarter. Arlington Trust Co LLC now owns 339 shares of the company’s stock worth $47,000 after purchasing an additional 99 shares during the period. Grove Bank & Trust grew its stake in Citigroup by 69.3% during the second quarter. Grove Bank & Trust now owns 4,470 shares of the company’s stock worth $626,000 after buying an additional 1,829 shares during the period. CoreCap Advisors LLC increased its position in shares of Citigroup by 40.7% in the second quarter. CoreCap Advisors LLC now owns 6,154 shares of the company’s stock worth $861,000 after acquiring an additional 1,779 shares in the last quarter. Pacific Excel Wealth Advisors Inc. raised its stake in shares of Citigroup by 66.3% in the 2nd quarter. Pacific Excel Wealth Advisors Inc. now owns 3,214 shares of the company’s stock valued at $450,000 after acquiring an additional 1,281 shares during the period. Finally, Howard Financial Services LTD. boosted its position in Citigroup by 11.5% during the 2nd quarter. Howard Financial Services LTD. now owns 2,518 shares of the company’s stock worth $352,000 after purchasing an additional 260 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Trading Up 0.7%

NYSE C opened at $137.76 on Thursday. The company has a market capitalization of $234.97 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 0.62 and a beta of 1.12. 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 12 month low of $90.68 and a 12 month high of $147.96. The company’s fifty day moving average price is $136.44 and its two-hundred day moving average price is $124.65.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. The business had revenue of $24.75 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.96 EPS. As a group, research analysts predict that Citigroup Inc. will post 11.2 earnings per share for the current fiscal year.

Citigroup announced that its board has authorized a share 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 generally an indication that the company’s leadership believes its shares are undervalued.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 3rd will be issued a $0.67 dividend. 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. This represents a $2.68 annualized dividend and a dividend yield of 1.9%. Citigroup’s dividend payout ratio (DPR) is 28.94%.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 2,117 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $125.30, for a total transaction of $265,260.10. Following the completion of the transaction, the director directly owned 12,194 shares in the company, valued at $1,527,908.20. This represents a 14.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup reported its best quarterly revenue performance in roughly a decade, with second-quarter revenue of $24.75 billion, up 14.5% year over year and above the $23.74 billion consensus estimate. EPS of $3.15 also exceeded expectations of $2.74, supported by stronger net interest income, growth across its businesses and efficiency gains. Citigroup’s Q2 Revenues Reach Decade High
• Positive Sentiment: Citigroup’s second-quarter net income rose 45% to approximately $5.8 billion. Morgan Stanley argued that investor concerns over higher investments and severance expenses in the second half of 2026 may obscure the potential benefits of the bank’s restructuring and efficiency initiatives by 2028. Morgan Stanley says Citi’s expense scare hides a 2028 payoff
• Positive Sentiment: Analyst commentary also highlights Citigroup’s dividend appeal. With the shares trading at a relatively moderate earnings multiple and management emphasizing profitability improvements, income-oriented investors may view the bank as attractively valued if earnings momentum continues. Why Citigroup is a Great Dividend Stock Right Now
• Neutral Sentiment: Citigroup entities settled a trade-loss lawsuit with Loomis Sayles for $70 million. The payment removes litigation uncertainty but is relatively small compared with Citigroup’s quarterly earnings and is unlikely to materially change the investment case. Citigroup Settles $70 Million Trade-Loss Suit
• Negative Sentiment: The main risk remains near-term expense growth as Citigroup invests in technology, regulatory infrastructure and other strategic initiatives while absorbing severance costs. These expenses could pressure second-half 2026 results before the expected longer-term efficiency benefits emerge. Citigroup expense outlook

Analysts Set New Price Targets

Several research analysts have commented on the company. Piper Sandler reissued an “overweight” rating and issued a $145.00 price objective (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. Barclays boosted their price target on Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Zacks Research upgraded shares of Citigroup from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Wells Fargo & Company upped their target price on shares of Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $150.00 price target on shares of Citigroup in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus 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.