Assetmark Inc. Boosts Stock Holdings in Citigroup Inc. $C

Assetmark Inc. lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 3.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 333,805 shares of the company’s stock after buying an additional 12,439 shares during the period. Assetmark Inc.’s holdings in Citigroup were worth $37,857,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Truist Financial Corp boosted its stake in Citigroup by 4.7% during the 4th quarter. Truist Financial Corp now owns 375,977 shares of the company’s stock worth $43,873,000 after purchasing an additional 16,744 shares during the last quarter. Gunderson Capital Management Inc. purchased a new position in shares of Citigroup in the fourth quarter worth about $7,165,000. Brighton Jones LLC boosted its position in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in Citigroup by 38.8% during the 4th quarter. UniSuper Management Pty Ltd now owns 1,306,851 shares of the company’s stock valued at $152,496,000 after acquiring an additional 365,041 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Citigroup by 11.8% in the 4th quarter. Nordea Investment Management AB now owns 7,986,407 shares of the company’s stock valued at $933,891,000 after acquiring an additional 844,056 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup was added to Zacks’ Rank #1 (Strong Buy) list, signaling improving earnings momentum and potentially attracting more near-term buying. New Strong Buy Stocks for July 17th
• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 earnings estimates for Citigroup, reinforcing the view that profits may continue trending higher. Citigroup stock page / analyst estimate update
• Positive Sentiment: Market commentary highlighted Citigroup as one of the standouts in early Q2 bank earnings, alongside peers that beat expectations, which supports the broader bullish case for the shares. Q2 Earnings: 2 Winners and 1 Loser So Far
• Positive Sentiment: Citigroup’s Q2 results beat estimates, with revenue and EPS both coming in above Wall Street forecasts, keeping investor sentiment constructive after the earnings release. Citigroup earnings data
• Neutral Sentiment: Citigroup announced a full redemption of its Series T preferred stock, which is a capital-structure change but not a major operating catalyst by itself. Citigroup Announces Full Redemption of Series T Preferred Stock
• Neutral Sentiment: Several brokerage and market items reiterated or discussed Citigroup’s valuation and relative attractiveness versus peers, adding context but not introducing a major new surprise. Citigroup vs. Wells Fargo: Which Bank Stock Looks Attractive Post Q2 Results?

Citigroup Price Performance

Citigroup stock opened at $129.46 on Friday. The company has a market cap of $220.81 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 0.60 and a beta of 1.11. The firm has a 50 day moving average price of $134.34 and a 200 day moving average price of $123.33. Citigroup Inc. has a 1 year low of $87.94 and a 1 year high of $147.96. 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 (NYSE:C) last issued its quarterly 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. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business had revenue of $24.75 billion during the quarter, compared to analyst estimates of $23.74 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. Sell-side analysts predict that Citigroup Inc. will post 11.15 earnings per share for the current year.

Citigroup announced that its board has authorized a share buyback plan on Thursday, May 7th that allows the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have weighed in on C. Wall Street Zen raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Wells Fargo & Company increased their price target on Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. UBS Group lifted their price objective on Citigroup from $134.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Barclays lifted their target price on Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $145.67.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.30, for a total transaction of $265,260.10. Following the completion of the sale, the director directly owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. This represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

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.