AlphaQuest LLC Buys 21,180 Shares of Citigroup Inc. $C

AlphaQuest LLC raised its stake in shares of Citigroup Inc. (NYSE:C) by 136.3% in the 4th quarter, HoldingsChannel reports. The firm owned 36,716 shares of the company’s stock after purchasing an additional 21,180 shares during the period. AlphaQuest LLC’s holdings in Citigroup were worth $4,284,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of C. Elmwood Wealth Management Inc. lifted its holdings in shares of 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 acquiring an additional 85 shares during the last quarter. Park Place Capital Corp lifted its holdings in shares of 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 acquiring an additional 85 shares during the last quarter. D.B. Root & Company LLC lifted its holdings in shares of Citigroup by 2.8% in the 4th quarter. D.B. Root & Company LLC now owns 3,191 shares of the company’s stock worth $372,000 after acquiring an additional 87 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of Citigroup by 0.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 10,393 shares of the company’s stock worth $1,213,000 after acquiring an additional 87 shares during the last quarter. Finally, N.E.W. Advisory Services LLC lifted its holdings in shares of Citigroup by 14.9% in the 4th quarter. N.E.W. Advisory Services LLC now owns 703 shares of the company’s stock worth $82,000 after acquiring an additional 91 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Up 0.0%

NYSE:C opened at $125.10 on Tuesday. The company has a fifty day moving average of $121.42 and a 200 day moving average of $115.10. Citigroup Inc. has a 52 week low of $71.65 and a 52 week 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 firm has a market capitalization of $213.36 billion, a P/E ratio of 15.50, a P/E/G ratio of 0.56 and a beta of 1.14.

Citigroup (NYSE:C) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $22.96 billion. During the same period in the prior year, the business posted $1.96 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. On average, research analysts predict that Citigroup Inc. will post 10.65 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, May 4th. Citigroup’s dividend payout ratio is currently 29.74%.

Citigroup declared that its Board of Directors has initiated a share buyback plan on Thursday, May 7th that authorizes the company to buyback $30.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 13.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup plans to expand its Asia wealth business with a major hiring push, adding nearly 100 private bankers and 400 specialists to strengthen profitability. Citigroup to Accelerate Asia Wealth Expansion With Major Hiring Push
• Positive Sentiment: Citigroup was included among major U.S. banks that cleared key Fed and FDIC review of their 2025 living wills, easing regulatory concerns and supporting investor confidence in the sector. JPM, WFC & Others Clear Key Regulatory Hurdle on Living Wills
• Neutral Sentiment: Citi also continued to make analyst-related headlines elsewhere in the market, including a new Buy initiation on Alnylam Pharmaceuticals, but that does not directly affect Citigroup’s fundamentals. Citi Initiates Alnylam (ALNY) With Buy Rating

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on C shares. Keefe, Bruyette & Woods boosted their price objective on shares of Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. The Goldman Sachs Group boosted their price objective on shares of Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Oppenheimer restated an “outperform” rating and issued a $145.00 price objective on shares of Citigroup in a report on Friday, May 8th. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $139.00 price objective on shares of Citigroup in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $137.62.

Insiders Place Their Bets

In related news, Director John Cunningham Dugan sold 2,117 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.30, for a total transaction of $265,260.10. Following the completion of the sale, the director directly owned 12,194 shares in the company, valued at $1,527,908.20. This represents a 14.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Edward Skyler sold 25,000 shares of the company’s stock in a transaction on 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 $23,919,511.02. This represents a 12.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.11% of the company’s stock.

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.