HighTower Advisors LLC Sells 21,442 Shares of Citigroup Inc. $C

HighTower Advisors LLC lowered its position in Citigroup Inc. (NYSE:C) by 6.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 321,021 shares of the company’s stock after selling 21,442 shares during the period. HighTower Advisors LLC’s holdings in Citigroup were worth $44,930,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC bought a new stake in Citigroup in the first quarter worth approximately $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of Citigroup during the 4th quarter valued at $25,000. Paladin Partners LLC bought a new position in shares of Citigroup during the 2nd quarter valued at $27,000. TD Capital Management LLC acquired a new stake in shares of Citigroup in the 4th quarter valued at $28,000. Finally, IMG Wealth Management Inc. boosted 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 purchasing an additional 162 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C opened at $137.80 on Tuesday. The company has a market capitalization of $235.03 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 0.62 and a beta of 1.12. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a one year low of $93.66 and a one year high of $147.96. The company’s fifty day moving average price is $135.16 and its 200 day moving average price is $127.72.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. The company had revenue of $24.77 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 earnings per share. As a group, analysts expect that Citigroup Inc. will post 11.21 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio is currently 28.94%.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Potential China brokerage approval: Citi could receive final Chinese regulatory approval as soon as September 2026 for its wholly owned mainland brokerage. The bank has been preparing the business since applying in 2021 and reportedly plans to roughly double staffing, targeting technology, healthcare, consumer and financial-services clients. Approval would give Citi a larger onshore presence and potentially broaden long-term revenue opportunities. Citigroup Moves Deeper Into China’s Capital Markets as Competition Intensifies
• Positive Sentiment: Cross-border payments milestone: Citi and Singapore’s DBS completed the first Singapore-to-U.S. dollar payment over a weekend. The transaction demonstrates expanded payment availability and may strengthen Citi’s position in global transaction banking, although the immediate earnings impact is likely limited. Citi and DBS Mark First Singapore-to-US Weekend Dollar Transaction
• Negative Sentiment: Capital-markets slowdown risk: A report warns that momentum in capital markets is fading during the third quarter. Weaker trading, investment-banking or underwriting activity could create uneven results for large banks, including Citi, and limit the benefit from its broader growth initiatives. Capital Markets Momentum Fades: What It Means for Big Banks in Q3

Wall Street Analysts Forecast Growth

Several research firms have commented on C. Morgan Stanley increased their target price on shares of Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Weiss Ratings raised Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, August 24th. Argus set a $150.00 price target on Citigroup in a research note on Wednesday, July 15th. Wall Street Zen lowered Citigroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Truist Financial reduced their target price on Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Two investment 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $145.22.

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.