Citigroup Inc. $C Shares Sold by Westpac Banking Corp

Westpac Banking Corp decreased its stake in Citigroup Inc. (NYSE:C) by 5.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,503 shares of the company’s stock after selling 10,944 shares during the quarter. Citigroup makes up 1.5% of Westpac Banking Corp’s holdings, making the stock its 9th largest position. Westpac Banking Corp’s holdings in Citigroup were worth $21,605,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cora Capital Advisors LLC lifted its holdings in Citigroup by 3.1% in the first quarter. Cora Capital Advisors LLC now owns 2,609 shares of the company’s stock valued at $296,000 after acquiring an additional 78 shares during the period. CFS Investment Advisory Services LLC grew its stake in shares of Citigroup by 0.4% during the 1st quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock worth $2,336,000 after purchasing an additional 79 shares during the period. Verus Capital Partners LLC increased its holdings 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 purchasing an additional 82 shares in the last quarter. CFO Capital Management LLC lifted its stake in shares of Citigroup by 1.5% in the 1st quarter. CFO Capital Management LLC now owns 5,495 shares of the company’s stock valued at $590,000 after purchasing an additional 83 shares during the period. Finally, Park Place Capital Corp boosted its holdings in Citigroup by 16.7% during the fourth quarter. Park Place Capital Corp now owns 595 shares of the company’s stock worth $69,000 after buying an additional 85 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction 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 completion of the sale, the director owned 12,194 shares in the company, valued at $1,527,908.20. This represents a 14.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on C shares. Barclays lifted their price objective on shares of Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Evercore set a $143.00 target price on shares of Citigroup in a research note on Monday, July 6th. Keefe, Bruyette & Woods increased their target price on Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Wells Fargo & Company raised their price objective on Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Finally, Wall Street Zen upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Two 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.67.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup posted strong Q2 results, with net income surging 45% and revenue reaching a decade high of $24.8 billion, reinforcing the case that the bank’s turnaround is gaining traction. Citi (C) Q2 2026 Earnings Call Transcript
• Positive Sentiment: The board declared a quarterly common-stock dividend of $0.67 per share, which signals confidence in capital strength and provides an immediate return to shareholders. Citigroup Declares Common Stock Dividend
• Positive Sentiment: Analysts are also highlighting Citigroup’s strong earnings momentum, rising earnings estimates, and relatively low valuation, which may be adding to bullish sentiment. Citigroup and J&J Snack have been highlighted as Zacks Bull and Bear of the Day
• Neutral Sentiment: Citigroup also remains active in capital markets, leading a lending group preparing a $1.5 billion leveraged loan for Veritas Capital’s BGIS acquisition, which points to steady deal-making but is not a major stock catalyst by itself. Citigroup-Led Bank Group Plans Debt Deal for Veritas’ BGIS Buy
• Neutral Sentiment: Separately, Citi strategists said the “Magnificent Seven” label is outdated and that U.S. stock positioning may still have room to unwind, a broader market call that does not directly change Citigroup’s fundamentals. No one talks about FAANG anymore. Now, it’s time to retire Magnificent Seven as well, Citigroup argues

Citigroup Stock Up 3.2%

C opened at $132.82 on Wednesday. Citigroup Inc. has a one year low of $87.94 and a one year high of $147.96. 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 capitalization of $226.53 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 0.58 and a beta of 1.11. The business’s 50-day simple moving average is $134.53 and its 200-day simple moving average is $123.56.

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, topping analysts’ consensus estimates of $2.74 by $0.41. The firm had revenue of $24.75 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 EPS. Analysts anticipate that Citigroup Inc. will post 11.22 EPS for the current year.

Citigroup announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 7th that allows the company to buyback $30.00 billion in shares. This buyback authorization allows the company to buy up to 13.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 3rd will be given a $0.67 dividend. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, August 3rd. This represents a $2.68 annualized dividend and a yield of 2.0%. Citigroup’s payout ratio is currently 25.92%.

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.