Lbp Am Sa Increases Position in Citigroup Inc. $C

Lbp Am Sa lifted its position in shares of Citigroup Inc. (NYSE:C) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,113 shares of the company’s stock after purchasing an additional 6,282 shares during the period. Lbp Am Sa’s holdings in Citigroup were worth $13,549,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brookstone Capital Management increased its stake in Citigroup by 31.5% in the third quarter. Brookstone Capital Management now owns 75,914 shares of the company’s stock valued at $7,705,000 after purchasing an additional 18,176 shares during the last quarter. Permanent Capital Management LP purchased a new stake in shares of Citigroup during the 3rd quarter worth approximately $1,238,000. Donaldson Capital Management LLC purchased a new stake in shares of Citigroup during the 3rd quarter worth approximately $58,994,000. Penobscot Investment Management Company Inc. boosted its holdings in shares of Citigroup by 61.5% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 57,033 shares of the company’s stock valued at $5,789,000 after buying an additional 21,720 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its holdings in shares of Citigroup by 27.2% in the 3rd quarter. Perigon Wealth Management LLC now owns 75,566 shares of the company’s stock valued at $7,670,000 after buying an additional 16,171 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Buying and Selling

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the completion of the sale, the insider directly owned 45,835 shares of the company’s stock, valued at $5,091,810.15. This represents a 48.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Citigroup Stock Down 1.8%

Shares of NYSE:C opened at $129.37 on Friday. Citigroup Inc. has a 1-year low of $61.84 and a 1-year high of $132.86. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 1.00. The stock has a market cap of $221.85 billion, a P/E ratio of 16.03, a P/E/G ratio of 0.67 and a beta of 1.11. The firm has a fifty day moving average price of $114.39 and a 200 day moving average price of $109.97.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The company had revenue of $24.63 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same period in the previous year, the business posted $1.96 earnings per share. Citigroup’s quarterly revenue was up 14.1% on a year-over-year basis. Sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, May 4th. Citigroup’s payout ratio is 34.43%.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q1 earnings beat and trading surge — Citigroup reported stronger-than-expected Q1 results (EPS $3.06; revenue up ~14%), with fixed-income/trading revenues propelling the highest quarterly revenue in years. That beat is the primary driver of the recent rally and analyst upgrades. Article Title
• Positive Sentiment: Analyst upgrades and price-target increases — Multiple firms have raised ratings and targets after the Q1 beat, lifting investor sentiment and underpinning the stock’s strength. Upgrades/target bumps support further upside expectations. Article Title
• Positive Sentiment: IFC/Citi $98M facility in South Africa — Citigroup joined IFC to launch a $98M facility to reduce local-currency risk for South African borrowers, extending Citi’s franchise and fee/investment relationships in EM markets. This is a tactical growth/relationship win in institutional and sovereign business. Article Title
• Positive Sentiment: Bullish market positioning — Unusually large call-option volume and social-media chatter celebrating trading gains indicate elevated investor bullishness and momentum flows into the stock. (Signals support near-term interest but can amplify volatility.)
• Neutral Sentiment: Macro backdrop — Weekly jobless claims came in below expectations, a positive macro print that generally supports bank earnings via stronger consumer activity and trading volume, but it also complicates rate outlooks. Article Title
• Neutral Sentiment: Private-credit exposure disclosure — Citi reported ~$22B of private-credit exposure; the number is notable but within the range disclosed by peers and accompanied by loss-absorption commentary, so it’s a watch item rather than an immediate red flag. Article Title
• Negative Sentiment: Insider selling and profit-taking after big run-up — Recent filings show insider sales and large one-year outperformance (~+110% Y/Y cited in social summaries); those factors, plus thinner-than-average volume today, point to profit-taking and supply pressure weighing on the stock. Article Title

Wall Street Analyst Weigh In

C has been the topic of several research analyst reports. Jefferies Financial Group began coverage on shares of Citigroup in a research note on Thursday, March 26th. They set a “buy” rating and a $135.00 price target on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $131.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday. HSBC reiterated a “buy” rating and set a $87.00 target price on shares of Citigroup in a research report on Wednesday, January 7th. JPMorgan Chase & Co. reduced their target price on Citigroup from $134.00 to $131.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Finally, The Goldman Sachs Group upped their target price on Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.94.

About Citigroup

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.