First Dallas Securities Inc. Raises Stock Position in Citigroup Inc. $C

First Dallas Securities Inc. grew its stake in shares of Citigroup Inc. (NYSE:C) by 14.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,030 shares of the company’s stock after acquiring an additional 3,886 shares during the period. Citigroup comprises about 1.3% of First Dallas Securities Inc.’s holdings, making the stock its 19th biggest position. First Dallas Securities Inc.’s holdings in Citigroup were worth $3,406,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of C. Carter Financial Group INC. increased its stake in Citigroup by 2.5% in the 1st quarter. Carter Financial Group INC. now owns 3,959 shares of the company’s stock valued at $449,000 after purchasing an additional 95 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its holdings in Citigroup by 9.5% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 42,384 shares of the company’s stock valued at $4,807,000 after purchasing an additional 3,662 shares during the last quarter. Turtle Creek Wealth Advisors LLC increased its position in shares of Citigroup by 12.9% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 15,502 shares of the company’s stock valued at $1,758,000 after buying an additional 1,775 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Citigroup by 0.4% in the first quarter. New York State Teachers Retirement System now owns 1,449,891 shares of the company’s stock valued at $164,432,000 after buying an additional 5,863 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Citigroup by 3.8% during the 1st quarter. Private Advisor Group LLC now owns 139,678 shares of the company’s stock worth $15,841,000 after buying an additional 5,105 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 2,117 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $3,285,250.00. Following the transaction, the insider directly owned 182,022 shares in the company, valued at $23,919,511.02. The trade was a 12.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.11% of the company’s stock.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup remains in focus heading into the next bank earnings cycle, with analysts noting that expectations for the financial sector have been steadily improving and that large banks like Citi will help kick off reporting later this month. This keeps attention on whether Citi can extend its recent earnings momentum. Article Title
• Positive Sentiment: Citigroup recently announced a leadership addition in wealth management, appointing Michael Yannell to lead hedge funds within its alternatives platform. The move suggests Citi is expanding higher-fee wealth offerings to meet client demand, which may support revenue growth. Article Title
• Neutral Sentiment: Citi also made news for trimming its bitcoin and ether price targets, reflecting a more cautious stance on crypto demand and delayed US regulation. This is more of a sentiment call on digital assets than a direct catalyst for Citigroup shares. Article Title
• Negative Sentiment: Citi warned that oil could slump to $60 a barrel as Middle East supply fears fade, which reinforces a more bearish macro view from the bank’s research team. While not directly tied to Citi’s core earnings, the call can weigh on market sentiment around its commodity and trading outlook. Article Title

Citigroup Trading Down 0.0%

Citigroup stock opened at $139.93 on Friday. The stock has a market cap of $238.67 billion, a PE ratio of 17.34, a P/E/G ratio of 0.60 and a beta of 1.11. The stock has a 50-day moving average price of $132.49 and a 200 day moving average price of $121.88. Citigroup Inc. has a 52 week low of $85.48 and a 52 week high of $147.96. 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 (NYSE:C) last released its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (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 for the quarter, compared to analyst estimates of $22.96 billion. During the same period in the prior year, the firm earned $1.96 EPS. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. Equities research analysts predict that Citigroup Inc. will post 10.83 earnings per share for the current fiscal year.

Citigroup announced that its board has approved a stock repurchase plan on Thursday, May 7th that allows the company to repurchase $30.00 billion in shares. This repurchase authorization allows the company to reacquire 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.

Wall Street Analysts Forecast Growth

C has been the topic of several recent research reports. Wall Street Zen upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. The Goldman Sachs Group lifted their target price on shares of Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a report on Monday, April 20th. Wells Fargo & Company increased their price target on shares of Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Finally, Evercore set a $139.00 price objective on shares of Citigroup in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.62.

Citigroup 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.