Citigroup Inc. $C Stock Holdings Boosted by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. grew its position in shares of Citigroup Inc. (NYSE:C) by 6.6% during the 1st quarter, Holdings Channel reports. The firm owned 122,460 shares of the company’s stock after purchasing an additional 7,535 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Citigroup were worth $13,888,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of C. Vanguard Group Inc. grew its holdings in Citigroup by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after acquiring an additional 4,938,923 shares during the period. Geode Capital Management LLC grew its stake in shares of Citigroup by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock worth $5,036,712,000 after purchasing an additional 189,548 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Citigroup by 4.0% in the 4th quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock worth $3,990,422,000 after purchasing an additional 1,326,224 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Citigroup by 2.6% in the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock worth $3,954,307,000 after purchasing an additional 846,772 shares in the last quarter. Finally, Norges Bank acquired a new stake in Citigroup during the fourth quarter valued at approximately $2,800,944,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 5.3%

Citigroup stock opened at $133.30 on Wednesday. Citigroup Inc. has a 52 week low of $87.94 and a 52 week high of $147.96. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $227.35 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 0.66 and a beta of 1.11. The company has a 50 day moving average price of $134.06 and a 200 day moving average price of $123.11.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.41. The company had revenue of $24.75 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The company’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 EPS. Research analysts forecast that Citigroup Inc. will post 10.89 EPS for the current year.

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

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction on Friday, May 8th. The stock was sold at an average price of $125.30, for a total transaction of $265,260.10. Following the transaction, the director owned 12,194 shares in the company, valued at approximately $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup posted Q2 EPS of $3.15 and revenue of $24.77 billion, both above Wall Street estimates, driven by stronger fixed income trading and investment banking fees. Reuters: Citi results beat Wall St estimates on investment banking, trading strength
• Positive Sentiment: The company said quarterly profit rose 45% year over year, highlighting improving operating momentum across its core businesses. Yahoo Finance: Citigroup Q2 2026 earnings beat every analyst estimate
• Positive Sentiment: Management said Citi is moving closer to completing its transformation work, which supports the long-term turnaround thesis. Barrons: Citi Moves Toward Completing ‘Transformation’ Work, CFO Says
• Neutral Sentiment: Citi also emphasized continued investments in technology and other strategic initiatives as part of its broader remake, keeping the focus on execution rather than near-term margin expansion. Seeking Alpha: Citigroup stock slides after comments on investments, staff cuts
• Negative Sentiment: Shares fell after CEO Jane Fraser signaled the bank may speed up job cuts, with reports also pointing to about $800 million spent on the restructuring effort, raising concerns about costs and disruption. Newsbytes: Citigroup stock falls as Jane Fraser plans layoffs, $800 million spent

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. The Goldman Sachs Group increased their price objective on Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Bank of America raised their price objective on Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Evercore set a $143.00 target price on Citigroup in a report on Monday, July 6th. Finally, Jefferies Financial Group assumed coverage on Citigroup in a research report on Thursday, March 26th. They set a “buy” rating and a $135.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.00.

Citigroup Company 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.