Vise Technologies Inc. Buys 43,203 Shares of Citigroup Inc. $C

Vise Technologies Inc. boosted its stake in shares of Citigroup Inc. (NYSE:C) by 77.9% during the second quarter, Holdings Channel.com reports. The firm owned 98,629 shares of the company’s stock after purchasing an additional 43,203 shares during the quarter. Vise Technologies Inc.’s holdings in Citigroup were worth $13,804,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Citigroup by 5.3% in the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 572,940 shares of the company’s stock valued at $80,219,000 after buying an additional 28,961 shares in the last quarter. E Fund Management Co. Ltd. raised its stake in shares of Citigroup by 41.8% during the 2nd quarter. E Fund Management Co. Ltd. now owns 9,054 shares of the company’s stock worth $1,267,000 after acquiring an additional 2,670 shares in the last quarter. Pasadena Private Wealth LLC lifted its position in Citigroup by 25.5% during the second quarter. Pasadena Private Wealth LLC now owns 4,687 shares of the company’s stock valued at $656,000 after acquiring an additional 951 shares during the last quarter. Bell & Brown Wealth Advisors LLC lifted its position in Citigroup by 0.7% during the second quarter. Bell & Brown Wealth Advisors LLC now owns 31,869 shares of the company’s stock valued at $4,460,000 after acquiring an additional 209 shares during the last quarter. Finally, Toews Corp ADV acquired a new stake in Citigroup in the second quarter valued at approximately $143,000. 71.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on C. JPMorgan Chase & Co. boosted their target price on Citigroup from $135.50 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Wall Street Zen downgraded Citigroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Royal Bank Of Canada restated an “outperform” rating and set a $150.00 price target on shares of Citigroup in a research note on Wednesday, July 15th. UBS Group cut their price objective 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. Finally, Morgan Stanley increased their price objective on shares of Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. 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 data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price of $145.22.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Potential lead-bank role in Anthropic IPO: Citigroup is reportedly set to join the top-tier banks working on Anthropic’s anticipated mega-listing. If the IPO proceeds, Citi could benefit from underwriting fees, advisory revenue and increased visibility in the fast-growing artificial-intelligence sector. The timing and final banking syndicate remain subject to change. Anthropic Set to Add Citigroup to Top IPO Banks on Mega-Listing
• Positive Sentiment: Digital-asset custody expansion: Recent coverage highlights Citi’s new custody platform, which is designed to connect traditional asset custody with digital assets, tokenized payments and institutional services. The initiative could create new transaction and custody revenue streams as institutional adoption grows, although the financial impact is still unproven. Can C Capitalize on Digital Asset Growth With New Custody Platform?
• Neutral Sentiment: Dividend-growth appeal: A market commentary is presenting Citigroup as a possible high-growth dividend stock, potentially supporting income-oriented investor interest. However, the article does not announce a new dividend increase or provide a material change to Citi’s capital-return plans. Are You Looking for a High-Growth Dividend Stock?
• Negative Sentiment: Card delinquencies edged higher: Citi’s July card delinquency rate increased modestly, renewing concerns about consumer credit quality and potential future provisions. Lower charge-offs provided some reassurance, but investors remain focused on whether weakening household finances could pressure earnings. C’s July Card Delinquencies Tick Up: Will This Impact Asset Quality?
• Negative Sentiment: Recent selling momentum persists: Citigroup recently declined even as the broader market advanced, indicating company-specific or sector-related selling rather than simply market weakness. The stock is trading below its 50-day moving average, which may reinforce short-term technical pressure. This follows a strong earnings report in July, when Citi exceeded consensus EPS and revenue estimates, suggesting the current weakness is more tied to sentiment and credit concerns than to the latest reported quarter.

Citigroup Stock Performance

Shares of NYSE C opened at $129.92 on Friday. Citigroup Inc. has a 1 year low of $91.46 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. The company’s fifty day moving average price is $137.37 and its 200 day moving average price is $126.25. The company has a market capitalization of $221.59 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.60 and a beta of 1.12.

Citigroup (NYSE:C) last issued its quarterly earnings data 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 quarter in the prior year, the firm posted $1.96 earnings per share. The company’s revenue was up 14.5% compared to the same quarter last year. On average, research analysts predict that Citigroup Inc. will post 11.2 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 3rd will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s payout ratio is currently 28.94%.

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

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.