Cibc World Market Inc. decreased its stake in Citigroup Inc. (NYSE:C – Free Report) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 589,150 shares of the company’s stock after selling 24,980 shares during the period. Cibc World Market Inc.’s holdings in Citigroup were worth $68,748,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in C. Elmwood Wealth Management Inc. raised its position 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 purchasing an additional 85 shares during the period. Park Place Capital Corp boosted its position in Citigroup by 16.7% during the fourth quarter. Park Place Capital Corp now owns 595 shares of the company’s stock valued at $69,000 after buying an additional 85 shares during the period. D.B. Root & Company LLC boosted its position in Citigroup by 2.8% during the fourth quarter. D.B. Root & Company LLC now owns 3,191 shares of the company’s stock valued at $372,000 after buying an additional 87 shares during the period. Cornerstone Wealth Management LLC boosted its position in Citigroup by 0.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 10,393 shares of the company’s stock valued at $1,213,000 after buying an additional 87 shares during the period. Finally, N.E.W. Advisory Services LLC boosted its position in Citigroup by 14.9% during the fourth quarter. N.E.W. Advisory Services LLC now owns 703 shares of the company’s stock valued at $82,000 after buying an additional 91 shares during the period. Institutional investors own 71.72% of the company’s stock.
Citigroup News Roundup
Here are the key news stories impacting Citigroup this week:
- Positive Sentiment: Citigroup is drawing investor attention after outlining a major tokenization opportunity, projecting the tokenized securities market could reach $5.5 trillion by 2030, which strengthens the bank’s long-term growth narrative around digital assets and capital markets modernization. Citigroup’s Tokenization Push And Valuation Gap Draw Investor Attention
- Positive Sentiment: Reuters reported that Revolut plans to offer stablecoins, FDIC-insured accounts, stock trading and crypto services through its future U.S. bank, underscoring how mainstream financial firms are moving toward banking products that sit in Citi’s competitive lane and helping validate Citi’s own digital-asset focus. Revolut US bank plans stablecoins alongside FDIC-insured accounts: Report
- Neutral Sentiment: Separately, Citigroup was cited in a note saying U.S. tech stocks may be vulnerable because of crowded positioning. That’s more of a broader market signal than a direct Citi-specific driver, but it could add to investor caution if risk assets cool off. Citi’s Chew Sees US Tech Stocks at Risk From Bullish Positioning
Analysts Set New Price Targets
View Our Latest Analysis on Citigroup
Citigroup Price Performance
Shares of Citigroup stock opened at $130.09 on Thursday. The firm has a market cap of $221.87 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 0.59 and a beta of 1.12. Citigroup Inc. has a 12-month low of $75.66 and a 12-month high of $135.29. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.59. The company’s fifty day simple moving average is $124.08 and its two-hundred day simple moving average is $116.40.
Citigroup (NYSE:C – Get Free Report) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. The business had revenue of $24.63 billion for the quarter, compared to analyst estimates of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.96 EPS. As a group, equities analysts expect that Citigroup Inc. will post 10.68 EPS for the current year.
Citigroup Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. Citigroup’s payout ratio is presently 29.74%.
Citigroup announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 7th that authorizes the company to buyback $30.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 13.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.
Insider Transactions at Citigroup
In other news, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the sale, the insider owned 182,022 shares of the company’s stock, valued at approximately $23,919,511.02. The trade was a 12.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.30, for a total transaction of $265,260.10. Following the sale, the director directly owned 12,194 shares in the company, valued at $1,527,908.20. The trade was a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.11% of the company’s stock.
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.
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