Birchbrook Inc. Has $1.12 Million Position in Citigroup Inc. $C

Birchbrook Inc. cut its stake in shares of Citigroup Inc. (NYSE:C) by 50.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,975 shares of the company’s stock after selling 7,968 shares during the quarter. Birchbrook Inc.’s holdings in Citigroup were worth $1,116,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cora Capital Advisors LLC increased its position in shares of Citigroup by 3.1% during the 1st quarter. Cora Capital Advisors LLC now owns 2,609 shares of the company’s stock worth $296,000 after purchasing an additional 78 shares in the last quarter. CFS Investment Advisory Services LLC boosted its position in Citigroup by 0.4% in the first quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock valued at $2,336,000 after buying an additional 79 shares in the last quarter. Verus Capital Partners LLC boosted its position in Citigroup by 3.1% in the fourth quarter. Verus Capital Partners LLC now owns 2,748 shares of the company’s stock valued at $321,000 after buying an additional 82 shares in the last quarter. Somerset Trust Co grew its stake in Citigroup by 0.6% during the second quarter. Somerset Trust Co now owns 14,955 shares of the company’s stock worth $2,093,000 after buying an additional 82 shares during the last quarter. Finally, CFO Capital Management LLC increased its holdings in shares of Citigroup by 1.5% during the first quarter. CFO Capital Management LLC now owns 5,495 shares of the company’s stock worth $590,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on C. Oppenheimer cut shares of Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Zacks Research upgraded Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Barclays lifted their price objective on Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Truist Financial reduced their price objective on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $145.22.

Citigroup Stock Performance

Citigroup stock opened at $134.95 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. Citigroup Inc. has a 1 year low of $90.68 and a 1 year high of $147.96. The company has a market cap of $230.17 billion, a PE ratio of 14.57, a PEG ratio of 0.61 and a beta of 1.12. The company’s 50-day moving average is $136.81 and its two-hundred day moving average is $124.83.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 EPS 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 analysts’ expectations of $23.74 billion. During the same quarter in the previous year, the company earned $1.96 EPS. Citigroup’s revenue was up 14.5% on a year-over-year basis. Equities analysts anticipate that Citigroup Inc. will post 11.2 earnings per share for the current year.

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

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.0%. This is an increase from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, August 3rd. Citigroup’s dividend payout ratio (DPR) 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.