Citigroup (NYSE:C) Stock Unloaded Rep. George Whitesides

Representative George Whitesides (D-California) recently sold shares of Citigroup Inc. (NYSE:C). In a filing disclosed on April 23rd, the Representative disclosed that they had sold between $15,001 and $50,000 in Citigroup stock on March 24th.

Representative George Whitesides also recently made the following trade(s):

• Sold $100,001 – $250,000 in shares of Netflix (NASDAQ:NFLX) on 3/27/2025.
• Sold $250,001 – $500,000 in shares of Innoviva (NASDAQ:INVA) on 3/25/2025.
• Sold $100,001 – $250,000 in shares of Linde (NASDAQ:LIN) on 3/24/2025.
• Sold $100,001 – $250,000 in shares of Procter & Gamble (NYSE:PG) on 3/24/2025.
• Sold $1,001 – $15,000 in shares of Sandoz Group (OTCMKTS:SDZNY) on 3/24/2025.
• Sold $15,001 – $50,000 in shares of American Electric Power (NASDAQ:AEP) on 3/24/2025.
• Sold $50,001 – $100,000 in shares of Medtronic (NYSE:MDT) on 3/24/2025.
• Sold $100,001 – $250,000 in shares of McDonald’s (NYSE:MCD) on 3/24/2025.
• Sold $15,001 – $50,000 in shares of Bank of America (NYSE:BAC) on 3/24/2025.
• Sold $15,001 – $50,000 in shares of Diageo (NYSE:DEO) on 3/24/2025.

Citigroup Price Performance

Shares of NYSE:C opened at $68.47 on Friday. The company has a 50-day moving average price of $69.38 and a two-hundred day moving average price of $71.05. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $128.88 billion, a PE ratio of 11.51, a P/E/G ratio of 0.64 and a beta of 1.29.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.84 by $0.12. The company had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. Equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup’s dividend payout ratio (DPR) is currently 35.39%.

Citigroup announced that its board has approved a stock buyback plan on Wednesday, January 15th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Citigroup

In related news, insider Sara Wechter sold 15,125 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.01, for a total transaction of $1,225,276.25. Following the completion of the sale, the insider now directly owns 109,780 shares in the company, valued at $8,893,277.80. This represents a 12.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Anand Selvakesari sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the completion of the sale, the chief operating officer now directly owns 229,180 shares in the company, valued at approximately $18,586,498. This trade represents a 11.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,590 shares of company stock worth $8,523,149. Company insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On Citigroup

Institutional investors have recently modified their holdings of the company. Core Alternative Capital raised its stake in shares of Citigroup by 83.4% during the fourth quarter. Core Alternative Capital now owns 376 shares of the company’s stock worth $26,000 after acquiring an additional 171 shares in the last quarter. Orion Capital Management LLC purchased a new position in Citigroup in the 4th quarter worth $28,000. MorganRosel Wealth Management LLC bought a new stake in Citigroup in the first quarter worth $28,000. American National Bank & Trust purchased a new stake in Citigroup during the first quarter valued at about $29,000. Finally, Mascagni Wealth Management Inc. bought a new position in shares of Citigroup during the fourth quarter valued at about $34,000. 71.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $70.00 to $95.00 in a report on Monday, January 6th. Oppenheimer reduced their price objective on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Royal Bank of Canada lowered their target price on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 16th. Truist Financial reduced their price target on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Finally, StockNews.com downgraded Citigroup from a “buy” rating to a “hold” rating in a research report on Sunday, March 30th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.61.

About Representative Whitesides

George Whitesides (Democratic Party) is a member of the U.S. House, representing California’s 27th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Whitesides (Democratic Party) ran for election to the U.S. House to represent California’s 27th Congressional District. He won in the general election on November 5, 2024.

George Whitesides earned a bachelor’s degree in public and international affairs from Princeton University in 1996 and a master’s degree in remote sensing and GIS from the University of Cambridge in 2000. His career experience includes working as the chief of staff for NASA during the administration of President Barack Obama (D) and the CEO of human spaceflight company Virgin Galactic. Whitesides co-founded Megafire Action, an organization dedicated to responding to wildfires. Whitesides co-chaired the Antelope Valley Covid-19 Task Force and joined the Antelope Valley Economic Development and Growth Enterprise (AV EDGE) as a board member.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.