Heritage Investors Management Corp Cuts Stock Position in Citigroup Inc. $C

Heritage Investors Management Corp cut its position in Citigroup Inc. (NYSE:C) by 1.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 292,214 shares of the company’s stock after selling 3,983 shares during the quarter. Citigroup makes up approximately 1.0% of Heritage Investors Management Corp’s investment portfolio, making the stock its 29th largest holding. Heritage Investors Management Corp’s holdings in Citigroup were worth $33,140,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Smithbridge Asset Management Inc. DE boosted its holdings in shares of Citigroup by 612.7% in the 1st quarter. Smithbridge Asset Management Inc. DE now owns 16,057 shares of the company’s stock valued at $1,821,000 after buying an additional 13,804 shares in the last quarter. Jacobsen Capital Management raised its stake in shares of Citigroup by 4.5% during the 1st quarter. Jacobsen Capital Management now owns 2,431 shares of the company’s stock worth $276,000 after acquiring an additional 105 shares in the last quarter. EJMK Ventures LLC bought a new position in shares of Citigroup during the 1st quarter worth approximately $263,000. Essex Financial Services Inc. lifted its position in Citigroup by 1.0% during the first quarter. Essex Financial Services Inc. now owns 17,717 shares of the company’s stock valued at $2,009,000 after acquiring an additional 181 shares during the last quarter. Finally, Deltec Asset Management LLC boosted its stake in Citigroup by 198.8% in the first quarter. Deltec Asset Management LLC now owns 52,600 shares of the company’s stock valued at $5,965,000 after acquiring an additional 34,995 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Down 0.1%

NYSE:C opened at $139.93 on Friday. The company has a market capitalization of $238.67 billion, a P/E ratio of 17.34, a PEG ratio of 0.60 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. Citigroup Inc. has a 12 month low of $85.48 and a 12 month high of $147.96. The firm has a fifty day simple moving average of $132.28 and a 200-day simple moving average of $121.75.

Citigroup (NYSE:C) last released its 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. The firm had revenue of $24.63 billion for the quarter, compared to the consensus estimate of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The firm’s revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 EPS. On average, equities research analysts anticipate that Citigroup Inc. will post 10.83 earnings per share for the current year.

Citigroup announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 7th that allows the company to buyback $30.00 billion in shares. This buyback authorization allows the company to purchase up to 13.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related 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 transaction of $265,260.10. Following the completion of the sale, the director owned 12,194 shares of the company’s stock, valued at $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of the company’s stock in a transaction that occurred on 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 owned 182,022 shares in the company, valued at approximately $23,919,511.02. This represents a 12.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.11% of the stock is currently owned by insiders.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup and other major banks passed the Fed’s 2026 stress tests, clearing the way for dividend increases and reinforcing confidence in the bank’s capital strength.
• Positive Sentiment: Analysts continue to expect Citi to post solid results, with recent reports highlighting its strong earnings-surprise history ahead of the next quarterly release.
• Positive Sentiment: Erste Group raised its FY2027 earnings estimate for Citigroup, suggesting improving profit expectations over the medium term.
• Neutral Sentiment: Citibank announced the redemption of $2.5 billion in notes due in 2026, a routine capital-management move that should be viewed as neutral for the shares.
• Negative Sentiment: Citi’s reduced bitcoin and ether targets may dampen sentiment toward its research calls in the digital-assets space, potentially creating a modest headwind for investor perception.

Wall Street Analyst Weigh In

Several research firms have issued reports on C. Piper Sandler reaffirmed an “overweight” rating and issued a $145.00 price target (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $139.00 price objective on shares of Citigroup in a report on Wednesday, April 15th. The Goldman Sachs Group raised their price objective on Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Keefe, Bruyette & Woods boosted their target price on Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. upped their target price on Citigroup from $131.00 to $135.50 and gave the company an “overweight” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.62.

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.