Birchbrook Inc. Sells 7,968 Shares of Citigroup Inc. $C

Birchbrook Inc. lessened its stake in Citigroup Inc. (NYSE:C) by 50.0% in the 2nd quarter, Holdings Channel reports. The institutional investor 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 SEC filing.

Several other large investors also recently made changes to their positions in C. Whipplewood Advisors LLC bought a new stake in Citigroup in the 1st quarter valued at $25,000. Mcguire Capital Advisors Inc. acquired a new position in Citigroup in the 4th quarter worth $25,000. Richards Merrill & Peterson Inc. bought a new position in Citigroup during the 4th quarter worth about $28,000. TD Capital Management LLC bought a new position in Citigroup during the 4th quarter worth about $28,000. Finally, IMG Wealth Management Inc. raised its stake in shares of Citigroup by 197.6% in the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock valued at $28,000 after purchasing an additional 162 shares during the period. Institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Argus set a $150.00 target price on Citigroup in a research note on Wednesday, July 15th. Morgan Stanley lifted 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. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research report on Friday, July 17th. Wall Street Zen lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $150.00 target price on shares of Citigroup in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $145.22.

Citigroup Stock Up 0.8%

C opened at $134.95 on Friday. Citigroup Inc. has a 1-year low of $90.68 and a 1-year high of $147.96. The stock’s fifty day simple moving average is $136.81 and its 200 day simple moving average is $124.83. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a market cap of $230.17 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.61 and a beta of 1.12.

Citigroup (NYSE:C) last posted its earnings results 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 company had revenue of $24.77 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. Citigroup’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.96 EPS. As a group, research analysts expect that Citigroup Inc. will post 11.2 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.0%. This is a boost 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 declared that its board has approved a stock repurchase plan 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 plans are usually a sign that the company’s management believes its shares are undervalued.

Key Stories Impacting Citigroup

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

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.