NewEdge Advisors LLC Purchases 22,351 Shares of Citigroup Inc. $C

NewEdge Advisors LLC raised its position in shares of Citigroup Inc. (NYSE:C) by 9.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 271,355 shares of the company’s stock after buying an additional 22,351 shares during the period. NewEdge Advisors LLC’s holdings in Citigroup were worth $37,979,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC bought a new position in shares of Citigroup during the 1st quarter worth approximately $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Citigroup in the fourth quarter valued at approximately $25,000. Paladin Partners LLC acquired a new stake in Citigroup in the second quarter valued at approximately $27,000. TD Capital Management LLC purchased a new position in Citigroup in the fourth quarter worth $28,000. Finally, IMG Wealth Management Inc. grew its holdings in Citigroup by 197.6% in the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after purchasing an additional 162 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on C shares. Truist Financial decreased their price objective on Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. UBS Group dropped their target price on Citigroup from $150.00 to $142.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $150.00 target price on shares of Citigroup in a research report on Wednesday, July 15th. Evercore set a $143.00 target price on Citigroup in a research report on Monday, July 6th. Finally, Zacks Research upgraded Citigroup from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $145.22.

Citigroup Stock Performance

Shares of C opened at $137.91 on Thursday. The stock has a 50-day moving average of $135.05 and a two-hundred day moving average of $128.02. The stock has a market cap of $235.21 billion, a P/E ratio of 14.89, a P/E/G ratio of 0.62 and a beta of 1.12. Citigroup Inc. has a one year low of $93.66 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.

Citigroup (NYSE:C) last posted 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 company 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%. Citigroup’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $1.96 EPS. As a group, research analysts predict that Citigroup Inc. will post 11.21 EPS for the current year.

Citigroup Increases Dividend

The business 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 annualized dividend 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 28.94%.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Private-bank expansion: Citi Private Bank hired Teresa Radzinski from Bank of America to strengthen relationships with ultra-high-net-worth clients. The move could support growth in deposits, lending and wealth-management fees. Citi Private Bank hires Radzinski from Bank of America
• Positive Sentiment: Tokenized deposits: Citi plans to introduce a tokenized-deposit service for Japanese businesses, extending its blockchain-based payments capabilities into a major corporate market. The initiative could create new transaction revenue and improve payment efficiency, although commercial benefits may take time to develop. Citi plans to bring tokenized deposit service to Japanese businesses
• Positive Sentiment: Cross-border payments milestone: Citi and DBS completed a live Singapore-to-U.S. dollar payment using tokenized bank deposits and SWIFT’s blockchain-based Digital Ledger. The transaction reinforces Citi’s positioning in faster, around-the-clock institutional payments. DBS and Citi bring 24/7 tokenized dollar payments to SWIFT’s blockchain ledger
• Positive Sentiment: Bullish investment view: A Wall Street-focused analysis highlighted Citi’s restructuring progress and argued that the stock’s valuation has not fully reflected the improvement. Such commentary may reinforce investor confidence in management’s turnaround strategy. Citigroup’s restructuring is working, and valuation has not caught up
• Neutral Sentiment: Citi hosted presentations from biotechnology companies at its 2026 Biopharma Back to School Summit. The event supports Citi’s investment-banking and research franchise but is unlikely to materially affect near-term earnings. Seaport Therapeutics presents at Citi’s Biopharma Back to School Summit

About Citigroup

Citigroup Inc (NYSE:C) is a global financial services company headquartered in New York City. Through its businesses, Citi provides banking, lending, credit card, wealth management, investment banking, securities, markets and treasury services to individuals, businesses, financial institutions and governments.

The company’s operations include U.S. Personal Banking, which offers consumer banking, credit cards and lending products; Wealth Management, which serves affluent and high-net-worth clients; and its Institutional Clients Group, which provides investment banking, corporate banking, markets, securities services and transaction banking.