TD Waterhouse Canada Inc. Grows Stock Position in Citigroup Inc. $C

TD Waterhouse Canada Inc. increased its stake in Citigroup Inc. (NYSE:C) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,223,255 shares of the company’s stock after acquiring an additional 48,406 shares during the period. TD Waterhouse Canada Inc.’s holdings in Citigroup were worth $171,513,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Cora Capital Advisors LLC grew its position in Citigroup by 3.1% during the 1st quarter. Cora Capital Advisors LLC now owns 2,609 shares of the company’s stock worth $296,000 after acquiring an additional 78 shares during the last quarter. CFS Investment Advisory Services LLC lifted its position in Citigroup by 0.4% in the first quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock valued at $2,336,000 after purchasing an additional 79 shares during the last quarter. American Trust lifted its position in Citigroup by 3.6% in the second quarter. American Trust now owns 2,331 shares of the company’s stock valued at $326,000 after purchasing an additional 80 shares during the last quarter. Invst LLC boosted its stake in shares of Citigroup by 0.8% during the second quarter. Invst LLC now owns 9,601 shares of the company’s stock valued at $1,344,000 after purchasing an additional 80 shares during the period. Finally, Tsfg LLC boosted its stake in shares of Citigroup by 4.9% during the second quarter. Tsfg LLC now owns 1,701 shares of the company’s stock valued at $238,000 after purchasing an additional 80 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Price Performance

Shares of C stock 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 firm has a market cap of $235.54 billion, a P/E ratio of 14.91, a P/E/G ratio of 0.60 and a beta of 1.12. The business’s 50 day moving average price is $135.33 and its 200-day moving average price is $127.36.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company had revenue of $24.77 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the prior year, the company earned $1.96 earnings per share. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, equities research analysts anticipate that Citigroup Inc. will post 11.21 earnings per share for the current year.

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

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were issued a $0.67 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, August 3rd. This represents a $2.68 annualized dividend and a yield of 1.9%. Citigroup’s dividend payout ratio (DPR) is currently 28.94%.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. UBS Group cut 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. Bank of America upped their price target on shares of Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $150.00 price target on shares of Citigroup in a research report on Wednesday, July 15th. Argus set a $150.00 price target on shares of Citigroup in a report on Wednesday, July 15th. Finally, Oppenheimer cut shares of Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Two equities research 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.