Birmingham Capital Management Co. Inc. AL Invests $1.75 Million in Citigroup Inc. $C

Birmingham Capital Management Co. Inc. AL acquired a new position in Citigroup Inc. (NYSE:C) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,500 shares of the company’s stock, valued at approximately $1,750,000.

Several other large investors have also added to or reduced their stakes in C. Paladin Partners LLC bought a new stake in Citigroup during the second quarter worth about $27,000. Mcguire Capital Advisors Inc. bought a new position in Citigroup in the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC acquired a new position in shares of Citigroup during the 1st quarter worth approximately $25,000. TD Capital Management LLC acquired a new position in shares of Citigroup during the 4th quarter worth approximately $28,000. Finally, IMG Wealth Management Inc. raised its stake in shares of Citigroup by 197.6% during the 1st 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 and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE C opened at $133.47 on Thursday. The firm has a 50-day moving average of $136.62 and a 200-day moving average of $126.69. 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 stock has a market cap of $227.64 billion, a PE ratio of 14.41, a P/E/G ratio of 0.60 and a beta of 1.12. Citigroup Inc. has a 52-week low of $92.96 and a 52-week high of $147.96.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. The business had revenue of $24.77 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. Citigroup’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 EPS. On average, sell-side analysts anticipate that Citigroup Inc. will post 11.2 EPS for the current year.

Citigroup declared that its Board of Directors has approved a stock buyback program on Thursday, May 7th that allows the company to buyback $30.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 13.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Citigroup Increases Dividend

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

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Capital-markets growth outlook: Citi expects Korea’s capital-issuance market to reach a record in 2026 as deal activity accelerates. This suggests potential support for investment-banking fees and reinforces the bank’s broader efforts to expand higher-return businesses. Citi Expects Record Korea Capital Issuance in 2026 as Deals Jump
• Positive Sentiment: Buyback support: Citigroup is executing an approximately $30 billion repurchase plan that could retire up to 13.7% of its outstanding shares. A reduced share count can lift earnings per share and provide support for the stock, assuming the bank maintains sufficient capital. Citigroup Stock Information
• Positive Sentiment: Solid operating backdrop: Citi’s latest quarter exceeded analyst expectations on both earnings and revenue, with revenue rising 14.5% year over year. That performance gives investors more confidence in the bank’s earnings momentum and turnaround initiatives.
• Neutral Sentiment: Housing and sustainability commitments: Citi announced expanded affordable-housing financing and updated 2030 sustainable-finance and operational targets. The initiatives may strengthen client relationships and long-term reputation, although their near-term effect on earnings is likely limited. Citigroup Affordable Housing and Sustainability Goals
• Negative Sentiment: SEC subpoena risk: Regulators are examining Citi and other prime brokers over the highly leveraged collapse of hedge fund Situational Awareness. The banks appear financially strong, but tighter margin rules, higher capital requirements or reduced financing activity could pressure trading revenue and market liquidity. SEC Subpoenas Banks Over Situational Awareness
• Negative Sentiment: Upside concerns: Analysts acknowledge Citi’s improvement but question how much additional appreciation remains, while comparisons with Goldman Sachs highlight stronger fee-driven growth at the rival. This could limit investor enthusiasm despite Citi’s relatively attractive valuation. Citigroup Has Improved, But Upside Is Limited

Analyst Ratings Changes

A number of brokerages recently weighed in on C. Bank of America boosted their target price on shares of Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Zacks Research raised shares of Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Wells Fargo & Company boosted their price objective on shares of Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, June 18th. UBS Group dropped their target price on shares of Citigroup from $150.00 to $142.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Finally, Argus set a $150.00 price target on Citigroup in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $145.22.

About Citigroup

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.