Citigroup Inc. $C Shares Bought by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP grew its holdings in shares of Citigroup Inc. (NYSE:C) by 15.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,638 shares of the company’s stock after acquiring an additional 5,704 shares during the period. Baker Avenue Asset Management LP’s holdings in Citigroup were worth $4,859,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted 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 acquiring an additional 4,938,923 shares during the last quarter. Capital World Investors lifted its holdings in Citigroup by 6.5% in the third quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock worth $4,797,292,000 after acquiring an additional 2,871,074 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Citigroup by 6,172.0% in the third quarter. Bessemer Group Inc. now owns 2,904,795 shares of the company’s stock worth $294,838,000 after acquiring an additional 2,858,481 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Citigroup by 291.4% in the fourth quarter. SG Americas Securities LLC now owns 1,319,549 shares of the company’s stock worth $153,978,000 after acquiring an additional 2,008,946 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Citigroup by 52.1% in the third quarter. Alliancebernstein L.P. now owns 5,304,324 shares of the company’s stock worth $538,389,000 after acquiring an additional 1,816,786 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 0.5%

NYSE C opened at $124.76 on Friday. Citigroup Inc. has a twelve month low of $74.30 and a twelve month high of $135.29. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $212.79 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 0.56 and a beta of 1.14. The firm’s 50 day moving average price is $122.55 and its two-hundred day moving average price is $115.62.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.43. The firm had revenue of $24.63 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 EPS. Equities analysts anticipate that Citigroup Inc. will post 10.68 EPS for the current year.

Citigroup announced that its board has initiated 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. Citigroup’s dividend payout ratio (DPR) is 29.74%.

Insiders Place Their Bets

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of Citigroup 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 completion of the sale, the director owned 12,194 shares of the company’s stock, valued at $1,527,908.20. This trade represents a 14.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 sale, the insider directly owned 182,022 shares of the company’s stock, valued at $23,919,511.02. This trade represents a 12.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.11% of the company’s stock.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analyst commentary points to Citigroup’s revenue growth potential through 2026, driven by loan demand, private credit expansion, and continued restructuring/transformation progress. Top Research Reports for Citigroup, TotalEnergies & AppLovin
• Positive Sentiment: Recent earnings momentum remains a tailwind: Citigroup beat consensus expectations last quarter and posted double-digit revenue growth year over year, reinforcing the case that the turnaround is gaining traction.
• Positive Sentiment: Wall Street sentiment remains favorable overall, with recent buy/overweight ratings and several higher price targets suggesting analysts still see upside in Citigroup (C).
• Neutral Sentiment: Several articles compared Citigroup’s performance with peers such as Goldman Sachs and BGC Group, but these were mostly valuation and relative-performance discussions rather than new fundamental developments. Goldman vs. Citigroup: Which Financial Giant Should You Pick Now?
• Neutral Sentiment: Social-media chatter around the stock largely focused on Citi’s recent earnings beat and sector strength, but did not introduce a materially new catalyst.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a report on Monday, April 20th. Truist Financial set a $147.00 price target on Citigroup in a report on Friday, May 1st. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $139.00 price target on shares of Citigroup in a report on Wednesday, April 15th. Finally, Jefferies Financial Group assumed coverage on Citigroup in a report on Thursday, March 26th. They set a “buy” rating and a $135.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $137.62.

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.