Citigroup Inc. $C Shares Purchased by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. grew its position in shares of Citigroup Inc. (NYSE:C) by 6.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,460 shares of the company’s stock after buying an additional 7,535 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Citigroup were worth $13,888,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mcguire Capital Advisors Inc. bought a new stake in Citigroup during the fourth quarter valued at $25,000. Whipplewood Advisors LLC bought a new stake in shares of Citigroup during the 1st quarter valued at about $25,000. Richards Merrill & Peterson Inc. acquired a new stake in Citigroup during the fourth quarter worth about $28,000. TD Capital Management LLC acquired a new stake in Citigroup during the fourth quarter worth about $28,000. Finally, Luken Investment Analytics LLC bought a new position in Citigroup in the fourth quarter worth about $32,000. 71.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on C. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research note on Monday, April 20th. Truist Financial increased their price target on Citigroup from $147.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Wall Street Zen raised Citigroup from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Bank of America boosted their price objective on Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. increased their target price on Citigroup from $135.50 to $149.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $145.00.

Citigroup Stock Performance

Shares of NYSE C opened at $133.30 on Wednesday. Citigroup Inc. has a 12-month low of $87.94 and a 12-month high of $147.96. The company has a market cap of $227.35 billion, a PE ratio of 16.52, a P/E/G ratio of 0.66 and a beta of 1.11. The stock has a 50 day simple moving average of $134.06 and a 200-day simple moving average of $123.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating the consensus estimate of $2.74 by $0.41. The firm had revenue of $24.75 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The firm’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the firm earned $1.96 EPS. On average, equities research analysts forecast that Citigroup Inc. will post 10.89 EPS for the current year.

Citigroup declared that its Board of Directors has initiated a share buyback plan on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 13.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

More Citigroup News

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

Insider Activity at Citigroup

In other news, Director John Cunningham Dugan sold 2,117 shares of the firm’s 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 directly owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. This trade represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.