Brandes Investment Partners LP Has $275.51 Million Stock Position in Citigroup Inc. $C

Brandes Investment Partners LP decreased its holdings in shares of Citigroup Inc. (NYSE:C) by 9.9% in the fourth quarter, HoldingsChannel reports. The fund owned 2,361,032 shares of the company’s stock after selling 259,885 shares during the quarter. Citigroup makes up about 2.1% of Brandes Investment Partners LP’s portfolio, making the stock its 6th largest holding. Brandes Investment Partners LP’s holdings in Citigroup were worth $275,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Verus Capital Partners LLC grew its position in shares of Citigroup by 3.1% during the 4th quarter. Verus Capital Partners LLC now owns 2,748 shares of the company’s stock valued at $321,000 after acquiring an additional 82 shares during the period. Elmwood Wealth Management Inc. grew its position in shares of Citigroup by 1.3% during the 4th quarter. Elmwood Wealth Management Inc. now owns 6,845 shares of the company’s stock valued at $799,000 after acquiring an additional 85 shares during the period. Park Place Capital Corp grew its position in shares of Citigroup by 16.7% during the 4th quarter. Park Place Capital Corp now owns 595 shares of the company’s stock valued at $69,000 after acquiring an additional 85 shares during the period. D.B. Root & Company LLC grew its position in shares of Citigroup by 2.8% during the 4th quarter. D.B. Root & Company LLC now owns 3,191 shares of the company’s stock valued at $372,000 after acquiring an additional 87 shares during the period. Finally, Cornerstone Wealth Management LLC grew its position in shares of Citigroup by 0.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 10,393 shares of the company’s stock valued at $1,213,000 after acquiring an additional 87 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s equity strategists turned more bullish on the market, raising their year-end S&P 500 target and arguing that strong earnings growth and AI spending are still outweighing macro risks. The Stock Market Just Got Crushed. Why Citi Is Raising Its S&P 500 Target.
• Positive Sentiment: Citigroup said it expects 5% to 6% year-over-year net interest income growth in 2026, helped by rising loan demand, stabilizing deposit costs, and restructuring benefits. Citigroup’s Path to 5-6% NII Rise in 2026: What’s Driving the Upside?
• Positive Sentiment: Citi hired Andrew Conway as global chair of consumer and retail investment banking, a move aimed at expanding the firm’s banking franchise in that sector. Citi hires Andrew Conway as global chair of consumer and retail investment banking
• Positive Sentiment: Citi announced the full redemption of $3.15 billion in notes due 2027, a routine balance-sheet action that can modestly support capital management. Citigroup (C) Announces Full Redemption of $3.15B in Notes Due 2027
• Neutral Sentiment: Citi also warned that traders are building aggressive short positions in U.S. stocks, underscoring elevated market risk even as positioning has improved after last week’s selloff. Citi’s Chew Sees Aggressive Short-Selling Positions in US Stocks
• Neutral Sentiment: Citi trimmed its 3-month gold target to $4,000 on softer demand, which is more of a commodity call than a direct stock driver. Citi trims 3-month gold target to $4,000 on softer demand

Insider Buying and Selling

In other news, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward Skyler sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the completion of the sale, the insider owned 182,022 shares of the company’s stock, valued at approximately $23,919,511.02. This trade represents a 12.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.11% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on C. Royal Bank Of Canada reissued an “outperform” rating and set a $139.00 price objective on shares of Citigroup in a research report on Wednesday, April 15th. Morgan Stanley upped their target price on shares of Citigroup from $140.00 to $144.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a report on Monday, April 20th. JPMorgan Chase & Co. upped their target price on shares of Citigroup from $131.00 to $135.50 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Evercore set a $139.00 target price on shares of Citigroup in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $137.62.

Citigroup Stock Up 1.0%

Shares of NYSE C opened at $134.63 on Wednesday. The firm’s 50-day moving average price is $125.83 and its 200-day moving average price is $117.38. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $229.63 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 0.60 and a beta of 1.12. Citigroup Inc. has a 12-month low of $76.11 and a 12-month high of $135.93.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.43. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The firm had revenue of $24.63 billion for the quarter, compared to analysts’ expectations of $22.96 billion. During the same period in the prior year, the company earned $1.96 EPS. The business’s revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts anticipate that Citigroup Inc. will post 10.68 EPS for the current fiscal year.

Citigroup declared that its board has authorized a share repurchase plan on Thursday, May 7th that permits the company to repurchase $30.00 billion in shares. This repurchase authorization permits the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. Citigroup’s dividend payout ratio (DPR) is currently 29.74%.

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.