Sound Shore Management Inc. CT Sells 199,965 Shares of Citigroup Inc. $C

Posted by Brenda Bartman on Jun 4th, 2026

Sound Shore Management Inc. CT reduced its stake in Citigroup Inc. (NYSE:C – Free Report) by 20.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 788,969 shares of the company’s stock after selling 199,965 shares during the period. Citigroup accounts for approximately 2.9% of Sound Shore Management Inc. CT’s holdings, making the stock its 12th largest holding. Sound Shore Management Inc. CT’s holdings in Citigroup were worth $92,065,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Elgethun Capital Management boosted its position in shares of Citigroup by 1.0% in the 4th quarter. Elgethun Capital Management now owns 174,715 shares of the company’s stock worth $20,388,000 after purchasing an additional 1,810 shares during the last quarter. WCG Wealth Advisors LLC lifted its holdings in Citigroup by 74.1% during the fourth quarter. WCG Wealth Advisors LLC now owns 17,880 shares of the company’s stock worth $2,086,000 after acquiring an additional 7,608 shares in the last quarter. GKV Capital Management Co. Inc. lifted its holdings in Citigroup by 21.5% during the fourth quarter. GKV Capital Management Co. Inc. now owns 19,280 shares of the company’s stock worth $2,250,000 after acquiring an additional 3,410 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Citigroup by 104.6% during the fourth quarter. CIBC Asset Management Inc now owns 535,743 shares of the company’s stock worth $62,516,000 after acquiring an additional 273,924 shares in the last quarter. Finally, Marble Wealth LLC bought a new position in Citigroup during the fourth quarter worth about $494,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

C opened at $130.09 on Thursday. The business’s 50-day moving average price is $124.08 and its two-hundred day moving average price is $116.40. Citigroup Inc. has a 1 year low of $75.66 and a 1 year high of $135.29. The company has a market capitalization of $221.87 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 0.59 and a beta of 1.12. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C – Get Free Report) last released its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.43. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The firm had revenue of $24.63 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter last year, the business posted $1.96 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities analysts expect that Citigroup Inc. will post 10.68 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. Citigroup’s dividend payout ratio (DPR) is currently 29.74%.

Citigroup announced that its board has initiated a share repurchase plan on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

More Citigroup News

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Piper Sandler reiterated an “overweight” rating and set a $145.00 target price (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. Barclays lifted their target price on Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. lifted their target price on Citigroup from $131.00 to $135.50 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a report on Monday, April 20th. Finally, Wells Fargo & Company lifted their target price on Citigroup from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.62.

Read Our Latest Research Report on C

Insider Activity

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction dated 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 of the company’s stock, valued at $1,527,908.20. This trade represents a 14.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $3,285,250.00. Following the completion of the sale, the insider directly owned 182,022 shares in the company, valued at $23,919,511.02. This represents a 12.08% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.11% of the company’s stock.

Citigroup Profile

(Free Report)

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.