PVG Asset Management Corp Has $1.91 Million Stake in Citigroup Inc. $C

PVG Asset Management Corp raised its position in shares of Citigroup Inc. (NYSE:C) by 322.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,821 shares of the company’s stock after acquiring an additional 12,835 shares during the quarter. Citigroup comprises 1.4% of PVG Asset Management Corp’s investment portfolio, making the stock its 27th biggest holding. PVG Asset Management Corp’s holdings in Citigroup were worth $1,908,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in C. Norges Bank bought a new stake in Citigroup in the fourth quarter worth approximately $2,800,944,000. Vanguard Group Inc. boosted its holdings in shares of Citigroup by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after buying an additional 4,938,923 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Citigroup during the 4th quarter worth approximately $298,082,000. SEB Asset Management AB acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $252,972,000. Finally, Deutsche Bank AG grew its position in shares of Citigroup by 28.4% during the 4th quarter. Deutsche Bank AG now owns 7,158,142 shares of the company’s stock worth $835,284,000 after buying an additional 1,582,150 shares during the period. 71.72% of the stock is owned by institutional investors.

Insider Transactions at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $125.30, for a total value of $265,260.10. Following the sale, the director directly owned 12,194 shares in the company, valued at $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 was added to Zacks’ Rank #1 “Strong Buy” list, including its income-stock recommendations. The upgrade-style attention may support demand for the shares, particularly given Citi’s dividend and valuation appeal. Best Income Stocks to Buy for July 31st
• Positive Sentiment: Andrea Gacki, the outgoing director of the Treasury Department’s Financial Crimes Enforcement Network, will join Citi as global head of sanctions. Her regulatory and anti-money-laundering expertise could strengthen the bank’s compliance efforts and help manage one of its key execution risks. US Treasury anti-money laundering chief Gacki to join Citi as global head of sanctions
• Positive Sentiment: Citi and Mastercard expanded their premium dining and entertainment program for Strata Elite cardholders. The initiative is not financially material on its own, but it supports Citi’s strategy of increasing premium-card engagement, loyalty and fee-generating business. Citi and Mastercard Expand The Curated Table Series for Fall 2026
• Neutral Sentiment: The Federal Reserve’s decision to leave interest rates unchanged, amid persistent inflation concerns, creates a mixed backdrop for Citi. Stable rates reduce immediate policy uncertainty, but a prolonged higher-rate environment could pressure loan demand, credit quality and markets activity. Fed keeps interest rates unchanged, citing ongoing inflation concerns
• Neutral Sentiment: The Treasury is considering investing some cash in the repurchase-agreement market, a move that could alter short-term funding conditions. The potential impact on Citi is uncertain but may affect liquidity and money-market dynamics. US Treasury Weighs Repo Entry That Could Reshape Funding Markets

Wall Street Analyst Weigh In

Several research firms have recently weighed in on C. Bank of America lifted 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. Piper Sandler restated an “overweight” rating and issued a $145.00 price target (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. JPMorgan Chase & Co. lifted their price target on shares of Citigroup from $135.50 to $149.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Morgan Stanley upped their price objective on shares of Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Wall Street Zen raised shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.67.

Citigroup Price Performance

Citigroup stock opened at $132.67 on Monday. The company’s 50 day moving average price is $135.82 and its two-hundred day moving average price is $124.21. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. Citigroup Inc. has a 52 week low of $87.94 and a 52 week high of $147.96. The stock has a market cap of $226.29 billion, a P/E ratio of 14.33, a P/E/G ratio of 0.60 and a beta of 1.12.

Citigroup (NYSE:C) last released its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. The firm had revenue of $24.75 billion during the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The company’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 EPS. On average, equities analysts predict that Citigroup Inc. will post 11.2 earnings per share for the current year.

Citigroup announced that its Board of Directors has initiated a share buyback plan on Thursday, May 7th that permits the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 3rd will be given a $0.67 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 3rd. Citigroup’s dividend payout ratio (DPR) is 25.92%.

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.