Cullen Capital Management LLC Has $270.02 Million Position in Citigroup Inc. $C

Cullen Capital Management LLC trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 13.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,929,255 shares of the company’s stock after selling 288,935 shares during the quarter. Citigroup comprises 2.7% of Cullen Capital Management LLC’s portfolio, making the stock its 5th biggest holding. Cullen Capital Management LLC owned 0.11% of Citigroup worth $270,019,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in C. Whipplewood Advisors LLC bought a new position in shares of Citigroup in the 1st quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. bought a new stake in Citigroup during the fourth quarter worth approximately $25,000. Paladin Partners LLC acquired a new position in Citigroup during the second quarter valued at approximately $27,000. TD Capital Management LLC bought a new position in shares of Citigroup in the fourth quarter valued at approximately $28,000. Finally, IMG Wealth Management Inc. lifted its stake in shares of Citigroup by 197.6% in the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after buying an additional 162 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup experienced unusual options activity, including bullish call sweeps and a reported $223 million after-hours block trade. The activity appears to reflect institutional interest and may provide short-term support for the shares. Citigroup Sees Unusual Options Activity and $223 Million Block Trade After Hours
• Positive Sentiment: Citi and India’s Axis Bank are partnering to capture nonresident Indian deposits and increase dollar inflows. The initiative could expand Citi’s cross-border deposits, payments and foreign-exchange business in a strategically important market. Citigroup and Axis Bank Team Up on Leveraged India Dollar Deposit Boom
• Positive Sentiment: Citigroup reported $647.2 billion in sustainable financing commitments since 2020 and established new 2030 goals. The progress may strengthen the bank’s relationships with corporate clients and support long-term fee opportunities, though the direct earnings impact is uncertain. Citi Reports Sustainable Finance Progress and Sets New 2030 Goals
• Neutral Sentiment: Analyst coverage remains favorable based on Citigroup’s average brokerage recommendation. However, the report cautions that sell-side ratings can be overly optimistic, limiting the reliability of this signal as a stand-alone reason to buy. Is Citigroup a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: Citigroup has room under the national deposit cap to acquire a large regional bank, but CEO Jane Fraser continues to emphasize organic growth rather than mergers and acquisitions. This preserves strategic flexibility without creating an immediate deal catalyst. Wells Fargo and Citigroup Have Room to Buy a Big Bank

Citigroup Price Performance

NYSE:C opened at $131.65 on Tuesday. 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 $92.96 and a one year high of $147.96. The company has a fifty day moving average price of $137.01 and a 200 day moving average price of $126.45. The stock has a market cap of $224.54 billion, a P/E ratio of 14.22, a PEG ratio of 0.59 and a beta of 1.12.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (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 for the quarter, compared to analyst estimates of $23.74 billion. During the same period last year, the business posted $1.96 EPS. The business’s quarterly revenue was up 14.5% on a year-over-year basis. Analysts anticipate that Citigroup Inc. will post 11.2 earnings per share for the current year.

Citigroup declared that its board has approved a stock repurchase plan on Thursday, May 7th that permits the company to repurchase $30.00 billion in shares. This repurchase authorization permits the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 3rd will be given 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 a boost 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 (DPR) is 28.94%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on C. UBS Group dropped their target price on shares of Citigroup from $150.00 to $142.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research report on Friday, July 17th. Truist Financial dropped 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. Argus set a $150.00 price objective on Citigroup in a research report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods increased their target price on Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Two research 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 company’s stock. Based on data from MarketBeat.com, the company has an average 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.