Brookstone Capital Management Has $7.35 Million Stock Holdings in Citigroup Inc. $C

Brookstone Capital Management decreased its position in shares of Citigroup Inc. (NYSE:C) by 10.0% during the 1st quarter, Holdings Channel reports. The fund owned 64,785 shares of the company’s stock after selling 7,196 shares during the quarter. Brookstone Capital Management’s holdings in Citigroup were worth $7,347,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Citigroup by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after purchasing an additional 4,938,923 shares during the period. Capital World Investors grew its holdings in shares of Citigroup by 6.5% in the 3rd quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock valued at $4,797,292,000 after buying an additional 2,871,074 shares during the period. Geode Capital Management LLC grew its holdings in shares of Citigroup by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock valued at $5,036,712,000 after buying an additional 189,548 shares during the period. Franklin Resources Inc. increased its position in shares of Citigroup by 4.0% in the 4th quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock valued at $3,990,422,000 after buying an additional 1,326,224 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in Citigroup by 2.6% during the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock worth $3,954,307,000 after buying an additional 846,772 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Jefferies Financial Group began coverage on Citigroup in a report on Thursday, March 26th. They set a “buy” rating and a $135.00 target price on the stock. Morgan Stanley increased their price target on Citigroup from $140.00 to $144.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Barclays lifted their price objective on Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Piper Sandler reissued an “overweight” rating and set a $145.00 target price (up from $125.00) on shares of Citigroup in a research note on Wednesday, April 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.79.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s earnings outlook remains constructive, with discussion pointing to solid positioning, lower short interest in the broader market, and expectations for continued strength versus peers. Citigroup Stock (C) Opinions on Market Positioning and Earnings Outlook
• Positive Sentiment: Wells Fargo raised its price target on Citigroup to $165 and reiterated an Overweight rating, signaling continued analyst confidence in the bank’s profitability outlook. Citigroup (C) Could Surpass Long-Term Profitability Target, According to Wells Fargo
• Positive Sentiment: Citigroup has also been described as a strong momentum stock, reflecting sustained investor interest after its strong run since late 2023. Here’s Why Citigroup (C) is a Strong Momentum Stock
• Neutral Sentiment: Citigroup continues expanding internationally, including naming Rajeev Garg as UAE wealth head, which supports its wealth-management strategy but is unlikely to move the shares much on its own. Citi names Rajeev Garg as UAE wealth head
• Neutral Sentiment: Citi-related filings showed entities exiting substantial holder status in Telix Pharmaceuticals and Resolute Mining, but these are portfolio-management updates rather than direct signals about Citigroup’s core business. Citigroup Entities Exit Substantial Holder Status in Telix Pharmaceuticals
• Negative Sentiment: Insider-trading data remains a mild overhang, with recent open-market activity showing only sales and no purchases over the past six months. Citigroup Stock (C) Opinions on Market Positioning and Earnings Outlook

Citigroup Stock Down 0.3%

NYSE:C opened at $145.30 on Wednesday. The stock has a 50-day simple moving average of $130.70 and a 200 day simple moving average of $120.18. Citigroup Inc. has a 52-week low of $79.88 and a 52-week high of $147.96. The company has a market cap of $247.82 billion, a PE ratio of 18.00, a PEG ratio of 0.63 and a beta of 1.12. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last released its earnings results on Tuesday, April 14th. The company reported $3.06 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 analysts’ expectations of $22.96 billion. During the same quarter in the previous year, the business posted $1.96 EPS. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts expect that Citigroup Inc. will post 10.72 EPS for the current fiscal year.

Citigroup Announces Dividend

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

Citigroup declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director John Cunningham Dugan sold 2,117 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of the transaction, the director owned 12,194 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of Citigroup 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 completion of the sale, the insider owned 182,022 shares in the company, valued at $23,919,511.02. The trade was a 12.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.11% of the company’s stock.

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.