Berkshire Asset Management LLC PA Sells 4,601 Shares of Citigroup Inc. $C

Berkshire Asset Management LLC PA decreased its position in Citigroup Inc. (NYSE:C) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,602 shares of the company’s stock after selling 4,601 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Citigroup were worth $9,172,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of C. Richards Merrill & Peterson Inc. bought a new position in Citigroup in the fourth quarter valued at about $28,000. Dunhill Financial LLC lifted its holdings in Citigroup by 92.2% in the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock valued at $32,000 after acquiring an additional 153 shares during the period. Luken Investment Analytics LLC bought a new position in Citigroup in the fourth quarter valued at about $32,000. High Note Wealth LLC lifted its holdings in Citigroup by 107.7% in the fourth quarter. High Note Wealth LLC now owns 270 shares of the company’s stock valued at $32,000 after acquiring an additional 140 shares during the period. Finally, Entrust Financial LLC bought a new position in Citigroup in the fourth quarter valued at about $34,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 1.1%

NYSE C opened at $142.78 on Wednesday. The stock’s 50-day moving average price is $128.41 and its 200-day moving average price is $118.75. 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 Inc. has a 52 week low of $77.11 and a 52 week high of $143.56. The company has a market capitalization of $243.52 billion, a P/E ratio of 17.69, a price-to-earnings-growth ratio of 0.63 and a beta of 1.12.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, topping 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 company earned $1.96 earnings per share. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities research analysts predict that Citigroup Inc. will post 10.68 earnings per share for the current year.

Citigroup announced that its board has initiated a stock repurchase program on Thursday, May 7th that allows the company to buyback $30.00 billion in shares. This buyback authorization allows the company to reacquire up to 13.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were given a dividend of $0.60 per share. The ex-dividend date was Monday, May 4th. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. Citigroup’s dividend payout ratio (DPR) is currently 29.74%.

Insider Activity

In related news, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.30, for a total transaction of $265,260.10. Following the completion of the sale, the director owned 12,194 shares in the company, valued at approximately $1,527,908.20. This trade represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total value 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 position. The SEC filing for this sale provides additional information. Company insiders own 0.11% of the company’s stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup is benefiting from strong momentum as shares trade near a 17-year high, helped by restructuring gains, AI-led initiatives, and buyback activity. Citigroup Stock at Multi-Year High: Why Investors Should Stay Invested
• Positive Sentiment: Investor discussion around Citigroup has turned more constructive, with some noting its recent highs and tokenization plans as signs of innovation and longer-term growth potential. Citigroup Stock (C) Opinions on Recent Highs and Tokenization Plans
• Positive Sentiment: Citigroup’s bullish case was reinforced by commentary that the stock remains attractive versus peers because of its lower valuation and turnaround progress. Which is the Better Bank Stock to Buy: JPMorgan or Citigroup?
• Neutral Sentiment: Citigroup chief U.S. economist Andrew Hollenhorst reiterated his call for Fed rate cuts later this year, a macro view that could matter for bank margins but is not an immediate company-specific catalyst. Citi Chief US Economist Defends Unpopular Fed Rate-Cut Call
• Negative Sentiment: Reuter’s report that a former Citigroup wealth executive alleged she was fired after raising concerns about Trump-related client outreach and risk management could add a governance overhang, though the case is still an allegation. Ex-Citi wealth MD alleges firing after flagging Trump-related client concerns, FT reports
• Negative Sentiment: Recent insider selling and mixed institutional positioning may temper enthusiasm, even as the broader trend in the shares remains positive. Citigroup Stock (C) Opinions on Recent Highs and Tokenization Plans

Analysts Set New Price Targets

A number of research firms have weighed in on C. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Morgan Stanley raised their price objective on Citigroup from $140.00 to $144.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Truist Financial set a $147.00 price objective on Citigroup in a research note on Friday, May 1st. Keefe, Bruyette & Woods raised their price objective on Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Wells Fargo & Company raised their price objective on Citigroup from $160.00 to $162.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.62.

Citigroup Company 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.