Integrity Financial Corp WA Lowers Stock Position in Citigroup Inc. $C

Integrity Financial Corp WA reduced its position in shares of Citigroup Inc. (NYSE:C) by 74.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,283 shares of the company’s stock after selling 6,600 shares during the period. Integrity Financial Corp WA’s holdings in Citigroup were worth $320,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in C. UniSuper Management Pty Ltd increased its holdings in Citigroup by 38.8% during the fourth quarter. UniSuper Management Pty Ltd now owns 1,306,851 shares of the company’s stock worth $152,496,000 after buying an additional 365,041 shares during the last quarter. Brighton Jones LLC boosted its stake in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the last quarter. BOKF NA grew its position in shares of Citigroup by 245.0% during the 4th quarter. BOKF NA now owns 24,822 shares of the company’s stock valued at $2,896,000 after acquiring an additional 17,628 shares during the period. Allstate Corp grew its position in shares of Citigroup by 110.4% during the 4th quarter. Allstate Corp now owns 140,596 shares of the company’s stock valued at $16,406,000 after acquiring an additional 73,758 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Citigroup by 6.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 444,002 shares of the company’s stock worth $51,811,000 after purchasing an additional 27,130 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

C has been the topic of several research analyst reports. Morgan Stanley upped their price objective on Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. increased their price target on Citigroup from $135.50 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Wells Fargo & Company lifted their price objective on Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. Bank of America boosted their price objective on Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Argus set a $150.00 target price on shares of Citigroup in a research note on Wednesday, July 15th. 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.22.

Key Headlines Impacting Citigroup

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 Price Performance

Shares of NYSE C opened at $138.10 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 fifty-two week low of $93.66 and a fifty-two week high of $147.96. The stock has a market cap of $235.54 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 0.60 and a beta of 1.12. The stock has a fifty day moving average of $135.33 and a 200-day moving average of $127.36.

Citigroup (NYSE:C) last issued its quarterly earnings data 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. The business had revenue of $24.77 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.96 EPS. Equities research analysts anticipate that Citigroup Inc. will post 11.21 earnings per share for the current year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were paid a dividend of $0.67 per share. This is an increase 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 dividend payout ratio is presently 28.94%.

Citigroup declared that its board has approved a share repurchase plan on Thursday, May 7th that permits the company to buyback $30.00 billion in shares. This buyback authorization permits the company to repurchase up to 13.7% of its stock through open market purchases. Stock buyback plans are generally 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.