Brandes Investment Partners 13F: Adds $12M to Citigroup (C) Stake

Brandes Investment Partners Adds to Citigroup Stake

Brandes Investment Partners grew its holdings in Citigroup Inc. (NYSE:C) by 3.53% during the quarterly period ending May 15, 2026, according to its latest Form 13F filing with the Securities and Exchange Commission. The investment manager picked up 83,457 shares of the financial services giant, bringing its total stake to 2,444,489 shares. At the close of the reporting period, the fund's total position was valued at $342,130,697.

Because 13F filings are backward-looking and reflect holdings as of a specific date in the past, this disclosure may not represent the investor's current portfolio or active trading strategies. However, it shows a steady accumulation of the bank's stock by institutional money managers in the earlier half of the year.

How Citigroup Stock Has Moved Since the Filing

Investors tracking Citigroup will notice the stock has shown solid momentum since the filing date. On Saturday, the stock was priced at $139.96, trading much closer to its 52-week high of $147.96 than its 52-week low of $95.00.

The stock's current price is sitting above its 50-day moving average of $132.86 and its longer-term 200-day moving average of $126.35, suggesting a sustained upward trend. Citigroup has a price-to-earnings ratio of 12.00, while its forward P/E ratio stands at 9.42, pointing to expectations of stable future earnings.

Recent Earnings

Citigroup brought in total revenue of $83.29 billion in its latest reporting period, which represents a year-over-year revenue growth of 8.0%. The bank's net margin came in at 23.21% and its return on equity was recorded at 9.35%. Citigroup's next major corporate earnings report is slated for release on January 14, 2027.

Dividend

Citigroup pays an annual dividend to its shareholders, currently yielding 2.18%. The company maintains a conservative dividend payout ratio of 25.92%, suggesting it retains a significant portion of its profits to support ongoing operations, capital requirements, and share buybacks.

Analysts Set New Price Targets

Wall Street firms have kept a close eye on Citigroup with a series of rating updates throughout the fall of 2026. On October 14, 2026, TD Cowen maintained a Buy rating on the stock with a price target of $148.00. That same day, RBC Capital kept its Outperform rating, though it adjusted its price target to $135.00, and Evercore ISI Group maintained an In-Line rating with a $135.00 price target.

Earlier in the month, UBS maintained a Neutral stance on October 5, 2026, with a target of $139.00, while JP Morgan reiterated an Overweight rating on October 2, 2026, setting a target of $147.00. Overall, the consensus recommendation for Citigroup remains a buy among 21 analyst opinions, with an average price target of $150.71.

About Citigroup

Citigroup is one of the world's largest financial services holding companies, serving individuals, corporations, and governments across the globe. The company operates through several distinct segments, including retail banking, wealth management, institutional trading, and corporate investment services. This diverse business model helps insulate the banking giant from localized economic downturns.

What's Ahead for Citigroup Inc.

Investors will want to keep a close eye on Citigroup's upcoming earnings release on January 14, 2027, to see how the bank's core business lines are performing in the current interest rate environment. Subsequent 13F filings from Brandes Investment Partners will also reveal if the institutional investor has continued to build on its multi-million share position or if it chose to lock in profits during the stock's recent climb.