32,739 Shares in Citigroup Inc. $C Bought by Galaxy Digital Capital Management GP LLC

Galaxy Digital Capital Management GP LLC purchased a new stake in Citigroup Inc. (NYSE:C) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 32,739 shares of the company’s stock, valued at approximately $4,582,000. Citigroup makes up 2.2% of Galaxy Digital Capital Management GP LLC’s portfolio, making the stock its 10th largest holding.

A number of other hedge funds have also added to or reduced their stakes in C. Whipplewood Advisors LLC bought a new stake in shares of Citigroup during the 1st quarter valued at about $25,000. Mcguire Capital Advisors Inc. bought a new position in Citigroup in the fourth quarter worth about $25,000. Paladin Partners LLC bought a new position in Citigroup in the second quarter worth about $27,000. TD Capital Management LLC purchased a new stake in Citigroup in the fourth quarter worth about $28,000. Finally, IMG Wealth Management Inc. lifted its holdings in Citigroup by 197.6% in the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after buying an additional 162 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on C shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $150.00 target price on shares of Citigroup in a research report on Wednesday, July 15th. Truist Financial dropped their price target on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Weiss Ratings raised Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. Argus set a $150.00 price objective on Citigroup in a report on Wednesday, July 15th. Finally, Oppenheimer downgraded Citigroup from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.22.

Citigroup Price Performance

Shares of NYSE C opened at $133.40 on Wednesday. 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 has a 50 day simple moving average of $136.82 and a two-hundred day simple moving average of $126.57. Citigroup Inc. has a fifty-two week low of $92.96 and a fifty-two week high of $147.96. The company has a market capitalization of $227.52 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 0.59 and a beta of 1.12.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share 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 analyst estimates of $23.74 billion. During the same quarter last year, the company earned $1.96 EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. Analysts expect that Citigroup Inc. will post 11.2 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 3rd will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.0%. This is a boost from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, August 3rd. Citigroup’s dividend payout ratio is presently 28.94%.

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

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup experienced approximately $223 million in after-hours block trading, along with unusual options activity and bullish call sweeps. The activity suggests increased institutional interest and may have supported buying momentum. Citigroup Sees Unusual Options Activity and $223 Million Block Trade
• Positive Sentiment: Citigroup and India’s Axis Bank are partnering to capture more nonresident Indian deposits and increase dollar inflows. The initiative could strengthen Citi’s cross-border banking activity and support deposit growth. Citigroup, Axis Bank Partner to Boost NRI Dollar Inflows
• Positive Sentiment: Major banks including Citi are committing billions to affordable housing and expanded U.S. housing supply. The effort could create lending and advisory opportunities while improving Citi’s public-policy and community profile. Big Banks Commit Billions to Boost US Housing Supply
• Neutral Sentiment: Recent coverage noted that Citigroup outperformed the broader market during the latest session, but the article primarily reviewed past performance rather than identifying a new earnings or business catalyst. Citigroup Exceeds Market Returns
• Neutral Sentiment: Citi reported sustainable-finance commitments of $647.2 billion since 2020 and established new 2030 goals. The update may benefit its long-term franchise and relationships, but has limited immediate impact on earnings. Citi Reports Sustainable Finance Progress
• Negative Sentiment: Analyst commentary argues that Citigroup has improved but that much of its valuation upside may already be reflected in the stock, potentially limiting further gains. Citigroup Has Improved, But Upside Is Limited
• Negative Sentiment: A Goldman Sachs-versus-Citigroup comparison highlighted Goldman’s stronger earnings momentum, fee-based strategy and growth visibility, despite Goldman’s higher valuation. This may encourage investors seeking growth to favor GS over C. Goldman Versus Citigroup

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.