Citigroup Inc. $C Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY trimmed its position in Citigroup Inc. (NYSE:C) by 1.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 587,187 shares of the company’s stock after selling 7,511 shares during the quarter. Citigroup comprises about 2.1% of Miller Howard Investments Inc. NY’s portfolio, making the stock its 14th biggest holding. Miller Howard Investments Inc. NY’s holdings in Citigroup were worth $68,519,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Elmwood Wealth Management Inc. boosted its holdings in Citigroup by 1.3% in the 4th quarter. Elmwood Wealth Management Inc. now owns 6,845 shares of the company’s stock worth $799,000 after buying an additional 85 shares during the last quarter. Park Place Capital Corp boosted its holdings in Citigroup by 16.7% in the 4th quarter. Park Place Capital Corp now owns 595 shares of the company’s stock worth $69,000 after buying an additional 85 shares during the last quarter. LeConte Wealth Management LLC boosted its holdings in Citigroup by 3.9% in the 4th quarter. LeConte Wealth Management LLC now owns 2,502 shares of the company’s stock worth $292,000 after buying an additional 94 shares during the last quarter. SeaCrest Wealth Management LLC boosted its holdings in Citigroup by 0.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 15,411 shares of the company’s stock worth $1,870,000 after buying an additional 97 shares during the last quarter. Finally, Boltwood Capital Management boosted its holdings in Citigroup by 2.6% in the 4th quarter. Boltwood Capital Management now owns 3,893 shares of the company’s stock worth $454,000 after buying an additional 98 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi reported a blowout Q1 — $3.06 EPS vs. $2.63 expected and $24.6B revenue (highest quarterly revenue in a decade) plus a $6.3B share‑buyback tranche and reaffirmed profitability targets — the core catalyst lifting the stock. Citigroup (C) Valuation Check After Strong Q1 Earnings Beat And Decade High Quarterly Revenue
• Positive Sentiment: Banks broadly benefited from a trading desk windfall in Q1 — stronger fixed‑income/trading revenue helped Citi’s top line, supporting forward earnings momentum. Wall Street banks ride trading boom, but flag risks to deals and growth
• Positive Sentiment: Analysts and modeling updates have turned constructive after the quarter — multiple buy/overweight ratings and a median price target above the current level provide further support to the rally. Citigroup Stock (C) Opinions on Q1 Earnings Beat
• Positive Sentiment: Corporate activity: Citi partnered with IFC on a $98M facility to reduce currency risk in South Africa — a sign of ongoing global client financing involvement and fee/revenue opportunities in emerging markets. IFC, Citigroup launch $98m facility to cut currency risk in South Africa
• Neutral Sentiment: Talent hire in Europe: Citi is expanding coverage in Germany/Austria with a senior hire from Deutsche Bank — incremental for local origination but unlikely to move the stock materially near term. Citi hires Deutsche Bank’s Wagner to head Private Company coverage in Germany, Austria
• Negative Sentiment: Insider selling has been reported (several execs sold shares in recent months), which investors may watch as a mild headwind or a signal to re‑test conviction after the run. Citigroup Stock (C) Opinions on Q1 Earnings Beat
• Negative Sentiment: Macro/market risk: commentators caution that the broader market rally is sentiment‑driven (geopolitical ceasefire hopes, etc.), leaving bank stocks exposed to reversals if macro or deal flow outlooks disappoint. The Nasdaq’s Historic Rally Doesn’t Mean the Risk Is Gone

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial lifted their price objective on Citigroup from $133.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday. Wolfe Research reiterated an “outperform” rating and issued a $141.00 price objective on shares of Citigroup in a report on Wednesday, January 7th. Oppenheimer increased their price objective on shares of Citigroup from $132.00 to $144.00 and gave the company an “outperform” rating in a report on Wednesday. Jefferies Financial Group assumed coverage on shares of Citigroup in a report on Thursday, March 26th. They issued a “buy” rating and a $135.00 price objective for the company. Finally, TD Cowen reiterated a “hold” rating on shares of Citigroup in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.94.

Citigroup Stock Down 0.1%

C stock opened at $132.09 on Monday. The company has a market cap of $226.53 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 0.60 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 1.59. Citigroup Inc. has a 12 month low of $61.95 and a 12 month high of $133.57. The firm has a 50-day moving average of $114.57 and a two-hundred day moving average of $110.31.

Citigroup (NYSE:C) last released 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. The company had revenue of $24.63 billion during the quarter, compared to the consensus estimate of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. Citigroup’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.96 EPS. As a group, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be issued a $0.60 dividend. The ex-dividend date is 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 presently 29.74%.

Insider Activity

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were 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 owned 45,835 shares in the company, valued at $5,091,810.15. This trade represents a 48.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is owned by corporate insiders.

Citigroup Profile

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.