Aigen Investment Management LP Cuts Stock Holdings in Citigroup Inc. $C

Aigen Investment Management LP trimmed its stake in shares of Citigroup Inc. (NYSE:C) by 92.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,780 shares of the company’s stock after selling 46,336 shares during the period. Aigen Investment Management LP’s holdings in Citigroup were worth $441,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Atlas Capital Advisors Inc. purchased a new position in Citigroup during the fourth quarter valued at $85,000. Arete Wealth Advisors LLC grew its stake in Citigroup by 5.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 13,581 shares of the company’s stock valued at $1,585,000 after acquiring an additional 696 shares in the last quarter. FORA Capital LLC grew its stake in Citigroup by 152.7% during the fourth quarter. FORA Capital LLC now owns 74,159 shares of the company’s stock valued at $9,235,000 after acquiring an additional 44,818 shares in the last quarter. Kestra Advisory Services LLC grew its stake in Citigroup by 2.4% during the fourth quarter. Kestra Advisory Services LLC now owns 137,150 shares of the company’s stock valued at $16,004,000 after acquiring an additional 3,248 shares in the last quarter. Finally, Transamerica Financial Advisors LLC grew its stake in Citigroup by 8.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 6,917 shares of the company’s stock valued at $807,000 after acquiring an additional 533 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction dated 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 in the company, 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 through the SEC website. Also, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction dated 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 owned 182,022 shares of the company’s stock, valued at $23,919,511.02. The trade was 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.

Citigroup Price Performance

C stock opened at $141.18 on Tuesday. Citigroup Inc. has a 52 week low of $76.95 and a 52 week high of $143.56. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.59. The company has a fifty day simple moving average of $127.86 and a two-hundred day simple moving average of $118.47. The firm has a market capitalization of $240.80 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 0.62 and a beta of 1.12.

Citigroup (NYSE:C) last released its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.43. The firm had revenue of $24.63 billion during the quarter, compared to analyst estimates of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The business’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the business earned $1.96 EPS. Analysts anticipate that Citigroup Inc. will post 10.68 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 buy up to 13.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Citigroup Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on C. The Goldman Sachs Group raised their target price on shares of Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Barclays increased their price objective on shares of Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Morgan Stanley increased their price objective on shares of Citigroup from $140.00 to $144.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Wall Street Zen upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Piper Sandler reiterated an “overweight” rating and set a $145.00 price objective (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.62.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s CFO reportedly outlined revenue growth expectations above analyst forecasts, while the bank’s push into blockchain-based trading for private equity has reinforced optimism about its long-term growth opportunities.
• Positive Sentiment: Jim Cramer said he was “very bullish” on Citigroup, adding to upbeat sentiment around the stock and the leadership team. Article: Jim Cramer on Citigroup: “Very Bullish”
• Positive Sentiment: Citigroup completed the sale of its Polish consumer banking business, marking the final exit from its non-core international consumer banking operations and signaling continued progress on simplification and capital focus. Article: C Sheds Polish Arm, Marks Final Exit From Nore-Core Consumer Business
• Positive Sentiment: Market commentary noted that Citigroup has been showing strong momentum, with investors rotating toward defensive financials and some trade structures targeting further upside while limiting downside risk. Article: Bullish Spread Targets Citigroup Stock Momentum With Limited Risk
• Neutral Sentiment: Citi was also mentioned in broader financial-news coverage, including a comparison of bank stocks and a note that Jane Fraser remains a highly visible industry leader. These items may support the stock’s profile, but they are less direct catalysts.
• Negative Sentiment: One Citi research note cut Brent crude forecasts, which could be a modest headwind for energy-related trading and macro expectations, though the impact on Citigroup shares appears limited. Article: Citi cuts Brent forecasts as U.S.-Iran MoU points to Strait of Hormuz flow normalization

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.