Sapient Capital LLC Sells 3,925 Shares of Citigroup Inc. $C

Sapient Capital LLC reduced its position in shares of Citigroup Inc. (NYSE:C) by 62.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,331 shares of the company’s stock after selling 3,925 shares during the quarter. Sapient Capital LLC’s holdings in Citigroup were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of C. Paladin Partners LLC bought a new position in shares of Citigroup in the 2nd quarter worth about $27,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Citigroup in the 2nd quarter worth about $29,000. Mcguire Capital Advisors Inc. purchased a new position in Citigroup in the fourth quarter worth about $25,000. Whipplewood Advisors LLC bought a new position in Citigroup in the 1st quarter valued at approximately $25,000. Finally, TD Capital Management LLC purchased a new stake in Citigroup in the fourth quarter worth approximately $28,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 0.2%

Shares of C opened at $137.80 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market cap of $235.03 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 0.62 and a beta of 1.12. The company’s 50-day moving average price is $135.26 and its 200 day moving average price is $127.43. Citigroup Inc. has a 12-month low of $93.66 and a 12-month high of $147.96.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating the consensus estimate of $2.74 by $0.41. The business had revenue of $24.77 billion during 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%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.96 earnings per share. On average, sell-side analysts forecast that Citigroup Inc. will post 11.21 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.9%. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, August 3rd. Citigroup’s dividend payout ratio is currently 28.94%.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: China brokerage expansion: Citi expects Beijing approval for its wholly owned China brokerage business as soon as this month and plans to add several dozen employees. The license could strengthen Citi’s presence in China’s capital-markets and wealth businesses. Citi eyes China brokerage unit licence as soon as this month
• Positive Sentiment: Wealth-management hiring: Citi’s wealth unit added senior executives from Apollo and Bank of America as the division extends its growth streak. The appointments signal continued investment in a business that can generate fee income and diversify results beyond traditional lending. Citi wealth unit adds Apollo, Bank of America alums
• Positive Sentiment: Capital returns remain a support: Analysts highlighted Citi’s aggressive buyback and dividend strategy, supported by stronger earnings, excess capital and business simplification. Continued returns could improve per-share earnings and investor sentiment, although they depend on sustained profitability and regulatory approval. Can Citigroup Sustain Its Aggressive Capital Return Strategy?
• Neutral Sentiment: Rate outlook reset: Citi economists moved their forecast for Federal Reserve rate cuts to 2027 after a stronger U.S. jobs report. Delayed easing could support Citi’s net interest income, but it also raises borrowing costs for consumers and businesses and may pressure credit quality and deal activity. Citigroup delays Fed rate-cut forecast to 2027
• Negative Sentiment: Sanctions-related regulatory risk: A UK regulator reportedly fined a Citi unit over breaches involving Russia sanctions. The financial impact may be manageable, but the incident adds compliance costs and reputational risk as investors monitor Citi’s ongoing control improvements. UK fines Citigroup unit over Russia sanctions breaches

Analyst Ratings Changes

A number of research firms have recently weighed in on C. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Citigroup in a research note on Wednesday, July 15th. Argus set a $150.00 price objective on shares of Citigroup in a report on Wednesday, July 15th. Truist Financial dropped their target price on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Morgan Stanley lifted their price objective on shares of Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Finally, Zacks Research raised shares of Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.