Bull Harbor Capital LLC Purchases Shares of 12,647 Citigroup Inc. $C

Bull Harbor Capital LLC acquired a new position in shares of Citigroup Inc. (NYSE:C) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,647 shares of the company’s stock, valued at approximately $1,434,000.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in shares of Citigroup in the fourth quarter valued at approximately $2,800,944,000. Vanguard Group Inc. grew its position in Citigroup by 3.1% during the 4th 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 last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Citigroup during the 4th quarter worth approximately $298,082,000. SEB Asset Management AB acquired a new stake in Citigroup during the 1st quarter valued at $252,972,000. Finally, Deutsche Bank AG increased its holdings in Citigroup by 28.4% during the 4th quarter. Deutsche Bank AG now owns 7,158,142 shares of the company’s stock valued at $835,284,000 after purchasing an additional 1,582,150 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C stock opened at $127.26 on Thursday. Citigroup Inc. has a 12-month low of $87.94 and a 12-month high of $147.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $217.05 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11. The firm has a fifty day moving average of $135.53 and a 200-day moving average of $124.03.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, topping 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 $24.75 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same quarter last year, the firm posted $1.96 earnings per share. Citigroup’s revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts forecast that Citigroup Inc. will post 11.22 earnings per share for the current 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 dividend of $0.67 per share. This is a boost from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, August 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 2.1%. Citigroup’s dividend payout ratio is currently 25.92%.

Citigroup announced that its board has initiated a share repurchase plan on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization authorizes 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 board believes its shares are undervalued.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: New trade-finance platform: Citi launched Citi Consolidate™, an Infor Nexus-powered solution that digitizes invoice approvals, purchase orders and payables for corporate buyers and suppliers in the United States and Canada. The platform could deepen client relationships, improve working-capital services and generate additional fee revenue while strengthening Citi’s technology and risk-control capabilities. Citi Is Now Live With a Trade Digitization Solution Integrating Supply Chain Solutions
• Positive Sentiment: Higher shareholder returns: Citigroup raised its quarterly dividend 11.7% to $0.67 per share after reporting its strongest quarterly revenue in roughly a decade. The increase reinforces the bank’s capital-return story and may improve its appeal to income-focused investors. This High-Yield Bank Stock Just Raised Its Dividend by 11.7%
• Positive Sentiment: Improved earnings outlook: Erste Group Bank raised its Citigroup EPS estimates to $11.18 for fiscal 2026 and $12.80 for fiscal 2027. Citi also recently exceeded quarterly EPS and revenue expectations, with revenue up 14.5% year over year, supporting the case for continued earnings momentum.
• Neutral Sentiment: Fed holds rates, but dissent is hawkish: The Federal Reserve kept rates at 3.50%–3.75%, while three officials favored a hike. Stable rates avoid an immediate disruption to borrowing markets, but the dissent highlights persistent inflation risk and could limit expectations for future rate cuts. Fed Holds Rates, but 3 Hawkish Rebels Demand Hike as Inflation Fight Erupts
• Negative Sentiment: Reputational overhang: A former Citigroup managing director was sentenced to 30 years in prison for sex crimes. The case concerns a former employee rather than current operations, but renewed coverage may create negative reputational sentiment for the company. Ex-Citigroup Managing Director Gets 30 Years for Sex Crimes

Analyst Upgrades and Downgrades

C has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Royal Bank Of Canada restated an “outperform” rating and set a $150.00 target price on shares of Citigroup in a report on Wednesday, July 15th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research note on Friday, July 17th. Oppenheimer cut Citigroup from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Finally, Zacks Research upgraded shares of Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $145.67.

Insider Activity

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

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.