Freestone Grove Partners LP Has $55.05 Million Stake in Citigroup Inc. $C

Freestone Grove Partners LP decreased its holdings in Citigroup Inc. (NYSE:C) by 66.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 393,359 shares of the company’s stock after selling 787,077 shares during the quarter. Freestone Grove Partners LP’s holdings in Citigroup were worth $55,055,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of C. Cora Capital Advisors LLC raised its holdings in shares of Citigroup by 3.1% in the first quarter. Cora Capital Advisors LLC now owns 2,609 shares of the company’s stock valued at $296,000 after buying an additional 78 shares during the last quarter. CFS Investment Advisory Services LLC grew its holdings in Citigroup by 0.4% during the 1st quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock worth $2,336,000 after acquiring an additional 79 shares during the last quarter. American Trust grew its holdings in Citigroup by 3.6% during the 2nd quarter. American Trust now owns 2,331 shares of the company’s stock worth $326,000 after acquiring an additional 80 shares during the last quarter. Invst LLC increased its position in Citigroup by 0.8% in the 2nd quarter. Invst LLC now owns 9,601 shares of the company’s stock valued at $1,344,000 after acquiring an additional 80 shares in the last quarter. Finally, Verus Capital Partners LLC increased its position in Citigroup by 3.1% in the 4th quarter. Verus Capital Partners LLC now owns 2,748 shares of the company’s stock valued at $321,000 after acquiring an additional 82 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 0.2%

Shares of NYSE C opened at $133.47 on Thursday. Citigroup Inc. has a 1 year low of $92.96 and a 1 year high of $147.96. The firm’s 50-day moving average is $136.62 and its 200-day moving average is $126.69. 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 firm has a market capitalization of $227.64 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.60 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 for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business had revenue of $24.77 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. Citigroup’s revenue for the quarter was up 14.5% compared to the same quarter last year. Equities analysts expect that Citigroup Inc. will post 11.2 EPS for the current year.

Citigroup announced that its Board of Directors has approved a share repurchase program on Thursday, May 7th that authorizes the company to buyback $30.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 13.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Citigroup Increases Dividend

The firm 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 dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio is presently 28.94%.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Capital-markets growth outlook: Citi expects Korea’s capital-issuance market to reach a record in 2026 as deal activity accelerates. This suggests potential support for investment-banking fees and reinforces the bank’s broader efforts to expand higher-return businesses. Citi Expects Record Korea Capital Issuance in 2026 as Deals Jump
• Positive Sentiment: Buyback support: Citigroup is executing an approximately $30 billion repurchase plan that could retire up to 13.7% of its outstanding shares. A reduced share count can lift earnings per share and provide support for the stock, assuming the bank maintains sufficient capital. Citigroup Stock Information
• Positive Sentiment: Solid operating backdrop: Citi’s latest quarter exceeded analyst expectations on both earnings and revenue, with revenue rising 14.5% year over year. That performance gives investors more confidence in the bank’s earnings momentum and turnaround initiatives.
• Neutral Sentiment: Housing and sustainability commitments: Citi announced expanded affordable-housing financing and updated 2030 sustainable-finance and operational targets. The initiatives may strengthen client relationships and long-term reputation, although their near-term effect on earnings is likely limited. Citigroup Affordable Housing and Sustainability Goals
• Negative Sentiment: SEC subpoena risk: Regulators are examining Citi and other prime brokers over the highly leveraged collapse of hedge fund Situational Awareness. The banks appear financially strong, but tighter margin rules, higher capital requirements or reduced financing activity could pressure trading revenue and market liquidity. SEC Subpoenas Banks Over Situational Awareness
• Negative Sentiment: Upside concerns: Analysts acknowledge Citi’s improvement but question how much additional appreciation remains, while comparisons with Goldman Sachs highlight stronger fee-driven growth at the rival. This could limit investor enthusiasm despite Citi’s relatively attractive valuation. Citigroup Has Improved, But Upside Is Limited

Analyst Ratings Changes

A number of brokerages have recently issued reports on C. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Evercore set a $143.00 price target on shares of Citigroup in a report on Monday, July 6th. Wall Street Zen cut shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. upped their price objective on Citigroup from $135.50 to $149.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Finally, Zacks Research upgraded Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $145.22.

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.