Proficio Capital Partners LLC Acquires New Stake in Citigroup Inc. $C

Proficio Capital Partners LLC bought a new position in Citigroup Inc. (NYSE:C) in the second quarter, HoldingsChannel.com reports. The firm bought 6,860 shares of the company’s stock, valued at approximately $960,000.

A number of other large investors have also recently added to or reduced their stakes in C. Cora Capital Advisors LLC lifted its holdings in shares of 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 purchasing an additional 78 shares in the last quarter. CFS Investment Advisory Services LLC raised its position in Citigroup by 0.4% in the 1st quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock valued at $2,336,000 after buying an additional 79 shares during the last quarter. American Trust lifted its stake in Citigroup by 3.6% in the 2nd quarter. American Trust now owns 2,331 shares of the company’s stock valued at $326,000 after acquiring an additional 80 shares in the last quarter. Invst LLC boosted its position in Citigroup by 0.8% during the 2nd quarter. Invst LLC now owns 9,601 shares of the company’s stock worth $1,344,000 after acquiring an additional 80 shares during the last quarter. Finally, Verus Capital Partners LLC boosted its position in Citigroup by 3.1% during the 4th quarter. Verus Capital Partners LLC now owns 2,748 shares of the company’s stock worth $321,000 after acquiring an additional 82 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analysts currently assign Citigroup an average “Moderate Buy” rating, reinforcing the view that the stock’s valuation and improving fundamentals remain attractive. Citigroup Receives Moderate Buy Rating
• Positive Sentiment: Erste Group Bank raised its fiscal 2026 EPS forecast for Citigroup (C), offering a positive signal for expected earnings momentum. The upgrade follows Citigroup’s recent quarterly beat, in which EPS and revenue exceeded consensus estimates and revenue grew year over year. Citigroup FY2026 EPS Forecast Raised
• Positive Sentiment: Citigroup is expanding its North Asia desk workforce by roughly 25%, indicating continued investment in the region and confidence in potential growth across Asian financial markets. The move could support future revenue in investment banking, markets and wealth management, although it may raise near-term expenses. Citigroup Expands North Asia Desk
• Positive Sentiment: Citigroup and other major banks are asking elite law firms to reduce hourly fees as artificial intelligence makes routine legal work more efficient. If successful, lower external legal costs could improve operating efficiency, though the financial impact is likely modest relative to Citigroup’s overall expense base. Wall Street Banks Seek Lower Legal Fees
• Neutral Sentiment: Citigroup recommended buying the dip in Howmet Aerospace and placed Kroger on a short-term downside catalyst watch. These research calls may enhance Citi’s investment-banking and research profile, but they have no direct material effect on C stock. Citigroup Research Calls on Howmet Aerospace
• Neutral Sentiment: A planned atrium and headquarters renovation in Belfast highlights Citigroup’s ongoing investment in its international operations, but it is unlikely to be a meaningful near-term stock catalyst. Citigroup Belfast Headquarters Renovation

Citigroup Stock Performance

Shares of C stock opened at $132.53 on Wednesday. The stock has a market cap of $226.04 billion, a P/E ratio of 14.31, a P/E/G ratio of 0.59 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. The company has a fifty day moving average price of $135.66 and a two-hundred day moving average price of $127.00. Citigroup Inc. has a one year low of $92.96 and a one year high of $147.96.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.41. The company 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 revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.96 EPS. As a group, equities analysts predict that Citigroup Inc. will post 11.21 EPS 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 issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, August 3rd. This is a boost from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s payout ratio is presently 28.94%.

Citigroup declared that its board has authorized a stock buyback plan on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 13.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on C shares. Morgan Stanley lifted their price objective on shares of Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Royal Bank Of Canada restated an “outperform” rating and set a $150.00 target price on shares of Citigroup in a report on Wednesday, July 15th. Wells Fargo & Company raised their target price on shares of Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Oppenheimer cut shares of Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Finally, Truist Financial reduced their price objective on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.22.

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.