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

A backward-looking regulatory filing reveals a steady increase in the investment firm's bank holdings.

Reviewed by automated data checks against the source filing. How we make and check alerts

Brandes Investment Partners added 83,457 shares to its stake in Citigroup Inc. ($C), a 3.53% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 2,444,489 shares worth $342.13 million at the end of the quarter.

Since the filing, $C is up 1.4% after 1 week, up 14.4% after 1 month and up 1.2% to date (from the $122.80 close on May 15, 2026).

Find the original: Brandes Investment Partners 13F filings on SEC EDGAR

C Citigroup Inc.
$124.26 +6.27% year to date
Daily close · Oct 16, 2026

Key Points

  • Brandes Investment Partners added 83,457 shares of Citigroup Inc. during the filing period, bringing its total position to 2,444,489 shares worth over $342 million.
  • The institutional buy took place before a strong upward trend in the stock, which recently changed hands around $139.96, close to its 52-week high of $147.96.
  • Major Wall Street banks maintain a positive outlook on Citigroup, with several reiterating buy-equivalent ratings and price targets well above the current share price.

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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.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

B 74/100

Reported Apr 14, 2026

  1. Forward outlook

    10 analysts raised price targets.

  2. EPS & revenue

    EPS beat estimates by 13.3%. Revenue beat estimates by 83.8%.

  3. Profit surprise

    Operating income missed by 20 percent.

  4. Pre-earnings setup

    Bar was high, analysts already very bullish.

  5. Analyst signal

    10 target raises.

  6. Earnings quality

    Gross margin up 3.5 points. Operating margin up 3.8 points. Positive free cash flow.

Earnings Call Summary

Citigroup reported strong first quarter results with 14 percent revenue growth, reaching $44.1 billion, and earnings per share of $3.06 well above the $2.64 consensus. Services business revenues jumped 17 percent and Markets surpassed $7 billion in quarterly revenues for the first time in ten years, with equities up nearly 40 percent. Management stressed the bank is only pursuing organic growth and has no interest in acquisitions, and said 90 percent of their regulatory transformation work is now complete or near completion.

Guidance Management reaffirmed their target of 10 to 11 percent return on equity for the full year 2026. They expect net interest income to grow 5 to 6 percent, and said they will share more detail on capital plans and buybacks at an investor meeting in May.

Solid report. Results were generally better than expected, but the forward outlook did not materially change.

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.

Source: Brandes Investment Partners's 13F filing on $C (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Brandes Investment Partners 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts

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