Saudi Central Bank Increases Stock Position in Citigroup Inc. $C

Saudi Central Bank lifted its stake in Citigroup Inc. (NYSE:C) by 80.8% in the second quarter, HoldingsChannel.com reports. The fund owned 119,392 shares of the company’s stock after purchasing an additional 53,348 shares during the period. Saudi Central Bank’s holdings in Citigroup were worth $16,710,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Citigroup by 20.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock valued at $835,000 after buying an additional 1,669 shares during the last quarter. United Bank purchased a new stake in Citigroup during the 2nd quarter valued at $972,000. Osterweis Capital Management Inc. lifted its holdings in shares of Citigroup by 3,016.7% during the 2nd quarter. Osterweis Capital Management Inc. now owns 935 shares of the company’s stock valued at $80,000 after buying an additional 905 shares during the period. Finally, HUB Investment Partners LLC lifted its holdings in shares of Citigroup by 26.9% during the 2nd quarter. HUB Investment Partners LLC now owns 15,287 shares of the company’s stock valued at $1,301,000 after buying an additional 3,238 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Down 0.2%

Shares of C stock opened at $137.80 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. The stock has a fifty day simple moving average of $135.26 and a two-hundred day simple moving average of $127.43. The firm has a market capitalization of $235.03 billion, a PE ratio of 14.88, a PEG ratio of 0.62 and a beta of 1.12. Citigroup Inc. has a 52-week low of $93.66 and a 52-week high of $147.96.

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

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 1.9%. This is a boost from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s payout ratio is presently 28.94%.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: China brokerage expansion: Citi expects Beijing approval for its wholly owned China brokerage business as soon as this month and plans to add several dozen employees. The license could strengthen Citi’s presence in China’s capital-markets and wealth businesses. Citi eyes China brokerage unit licence as soon as this month
• Positive Sentiment: Wealth-management hiring: Citi’s wealth unit added senior executives from Apollo and Bank of America as the division extends its growth streak. The appointments signal continued investment in a business that can generate fee income and diversify results beyond traditional lending. Citi wealth unit adds Apollo, Bank of America alums
• Positive Sentiment: Capital returns remain a support: Analysts highlighted Citi’s aggressive buyback and dividend strategy, supported by stronger earnings, excess capital and business simplification. Continued returns could improve per-share earnings and investor sentiment, although they depend on sustained profitability and regulatory approval. Can Citigroup Sustain Its Aggressive Capital Return Strategy?
• Neutral Sentiment: Rate outlook reset: Citi economists moved their forecast for Federal Reserve rate cuts to 2027 after a stronger U.S. jobs report. Delayed easing could support Citi’s net interest income, but it also raises borrowing costs for consumers and businesses and may pressure credit quality and deal activity. Citigroup delays Fed rate-cut forecast to 2027
• Negative Sentiment: Sanctions-related regulatory risk: A UK regulator reportedly fined a Citi unit over breaches involving Russia sanctions. The financial impact may be manageable, but the incident adds compliance costs and reputational risk as investors monitor Citi’s ongoing control improvements. UK fines Citigroup unit over Russia sanctions breaches

Analyst Upgrades and Downgrades

C has been the subject of several research analyst reports. Oppenheimer lowered Citigroup from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Morgan Stanley increased their target price on Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, June 29th. JPMorgan Chase & Co. raised their target price on Citigroup from $135.50 to $149.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Bank of America boosted their price target on Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, UBS Group reduced their price target on shares of Citigroup from $150.00 to $142.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently 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.