AIA Group Ltd Sells 9,859 Shares of Citigroup Inc. $C

AIA Group Ltd cut its holdings in Citigroup Inc. (NYSE:C) by 6.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 152,012 shares of the company’s stock after selling 9,859 shares during the quarter. AIA Group Ltd’s holdings in Citigroup were worth $17,240,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of C. Truist Financial Corp increased its holdings in Citigroup by 4.7% during the 4th quarter. Truist Financial Corp now owns 375,977 shares of the company’s stock worth $43,873,000 after purchasing an additional 16,744 shares in the last quarter. Gunderson Capital Management Inc. bought a new stake in shares of Citigroup in the fourth quarter valued at about $7,165,000. Brighton Jones LLC lifted its holdings in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in shares of Citigroup by 38.8% during the fourth quarter. UniSuper Management Pty Ltd now owns 1,306,851 shares of the company’s stock worth $152,496,000 after buying an additional 365,041 shares during the period. Finally, Merit Financial Group LLC grew its holdings in shares of Citigroup by 15.6% during the fourth quarter. Merit Financial Group LLC now owns 96,453 shares of the company’s stock worth $11,255,000 after buying an additional 13,046 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of NYSE C opened at $129.46 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day moving average price of $134.34 and a 200 day moving average price of $123.33. The stock has a market capitalization of $220.81 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 0.59 and a beta of 1.11. Citigroup Inc. has a 52 week low of $87.94 and a 52 week high of $147.96.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. The company had revenue of $24.75 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.96 EPS. Analysts predict that Citigroup Inc. will post 11.15 earnings per share for the current fiscal year.

Citigroup declared that its board has authorized a stock repurchase program on Thursday, May 7th that permits the company to buyback $30.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup was added to Zacks’ Rank #1 (Strong Buy) list, signaling improving earnings momentum and potentially attracting more near-term buying. New Strong Buy Stocks for July 17th
• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 earnings estimates for Citigroup, reinforcing the view that profits may continue trending higher. Citigroup stock page / analyst estimate update
• Positive Sentiment: Market commentary highlighted Citigroup as one of the standouts in early Q2 bank earnings, alongside peers that beat expectations, which supports the broader bullish case for the shares. Q2 Earnings: 2 Winners and 1 Loser So Far
• Positive Sentiment: Citigroup’s Q2 results beat estimates, with revenue and EPS both coming in above Wall Street forecasts, keeping investor sentiment constructive after the earnings release. Citigroup earnings data
• Neutral Sentiment: Citigroup announced a full redemption of its Series T preferred stock, which is a capital-structure change but not a major operating catalyst by itself. Citigroup Announces Full Redemption of Series T Preferred Stock
• Neutral Sentiment: Several brokerage and market items reiterated or discussed Citigroup’s valuation and relative attractiveness versus peers, adding context but not introducing a major new surprise. Citigroup vs. Wells Fargo: Which Bank Stock Looks Attractive Post Q2 Results?

Wall Street Analyst Weigh In

C has been the topic of a number of recent research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $150.00 target price on shares of Citigroup in a research report on Wednesday. Wells Fargo & Company upped their price target on Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. Zacks Research raised shares of Citigroup from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Jefferies Financial Group began coverage on shares of Citigroup in a report on Thursday, March 26th. They issued a “buy” rating and a $135.00 price objective on the stock. Finally, Truist Financial cut their price objective on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus price target of $145.67.

Insiders Place Their Bets

In related news, Director John Cunningham Dugan sold 2,117 shares of the business’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 transaction, the director directly owned 12,194 shares in the company, valued at approximately $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.