Focus Partners Advisor Solutions LLC trimmed its holdings in shares of Citigroup Inc. (NYSE:C – Free Report) by 12.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,512 shares of the company’s stock after selling 4,785 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Citigroup were worth $3,911,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Richards Merrill & Peterson Inc. bought a new stake in shares of Citigroup during the fourth quarter worth $28,000. Dunhill Financial LLC lifted its stake in Citigroup by 92.2% in the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock worth $32,000 after acquiring an additional 153 shares during the period. Luken Investment Analytics LLC purchased a new stake in Citigroup in the fourth quarter worth about $32,000. High Note Wealth LLC lifted its stake in Citigroup by 107.7% in the fourth quarter. High Note Wealth LLC now owns 270 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares during the period. Finally, Entrust Financial LLC bought a new stake in shares of Citigroup in the 4th quarter valued at about $34,000. 71.72% of the stock is currently owned by institutional investors.
Citigroup Price Performance
Shares of NYSE C opened at $134.63 on Wednesday. The business’s 50 day moving average price is $125.83 and its 200 day moving average price is $117.38. The firm has a market cap of $229.63 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.60 and a beta of 1.12. Citigroup Inc. has a 52 week low of $76.11 and a 52 week high of $135.93. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.59.
Citigroup announced that its board has approved a stock buyback program on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 13.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
Citigroup Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were given a $0.60 dividend. The ex-dividend date was Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. Citigroup’s dividend payout ratio is currently 29.74%.
Insider Buying and Selling
In related news, Director John Cunningham Dugan sold 2,117 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $125.30, for a total value of $265,260.10. Following the sale, the director owned 12,194 shares in the company, valued at $1,527,908.20. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Skyler sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total value of $3,285,250.00. Following the completion of the sale, the insider owned 182,022 shares in the company, valued at approximately $23,919,511.02. This represents a 12.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.11% of the stock is owned by corporate insiders.
Key Citigroup News
Here are the key news stories impacting Citigroup this week:
- Positive Sentiment: Citigroup’s equity strategists turned more bullish on the market, raising their year-end S&P 500 target and arguing that strong earnings growth and AI spending are still outweighing macro risks. The Stock Market Just Got Crushed. Why Citi Is Raising Its S&P 500 Target.
- Positive Sentiment: Citigroup said it expects 5% to 6% year-over-year net interest income growth in 2026, helped by rising loan demand, stabilizing deposit costs, and restructuring benefits. Citigroup’s Path to 5-6% NII Rise in 2026: What’s Driving the Upside?
- Positive Sentiment: Citi hired Andrew Conway as global chair of consumer and retail investment banking, a move aimed at expanding the firm’s banking franchise in that sector. Citi hires Andrew Conway as global chair of consumer and retail investment banking
- Positive Sentiment: Citi announced the full redemption of $3.15 billion in notes due 2027, a routine balance-sheet action that can modestly support capital management. Citigroup (C) Announces Full Redemption of $3.15B in Notes Due 2027
- Neutral Sentiment: Citi also warned that traders are building aggressive short positions in U.S. stocks, underscoring elevated market risk even as positioning has improved after last week’s selloff. Citi’s Chew Sees Aggressive Short-Selling Positions in US Stocks
- Neutral Sentiment: Citi trimmed its 3-month gold target to $4,000 on softer demand, which is more of a commodity call than a direct stock driver. Citi trims 3-month gold target to $4,000 on softer demand
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on C shares. Truist Financial set a $147.00 price target on shares of Citigroup in a research report on Friday, May 1st. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $139.00 target price on shares of Citigroup in a report on Wednesday, April 15th. Jefferies Financial Group initiated coverage on shares of Citigroup in a report on Thursday, March 26th. They issued a “buy” rating and a $135.00 target price for the company. Finally, Piper Sandler reiterated an “overweight” rating and issued a $145.00 target price (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $137.62.
View Our Latest Analysis on Citigroup
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.
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