Citigroup Inc. $C is Athena Wealth Management LLC’s 6th Largest Position

Athena Wealth Management LLC raised its holdings in shares of Citigroup Inc. (NYSE:C) by 53.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,520 shares of the company’s stock after purchasing an additional 6,097 shares during the period. Citigroup makes up about 1.6% of Athena Wealth Management LLC’s investment portfolio, making the stock its 6th largest holding. Athena Wealth Management LLC’s holdings in Citigroup were worth $1,987,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of C. Mcguire Capital Advisors Inc. bought a new position in shares of Citigroup during the fourth quarter valued at $25,000. Richards Merrill & Peterson Inc. purchased a new stake in shares of Citigroup during the fourth quarter valued at $28,000. TD Capital Management LLC bought a new stake in Citigroup in the 4th quarter worth about $28,000. Luken Investment Analytics LLC bought a new stake in Citigroup in the 4th quarter worth about $32,000. Finally, High Note Wealth LLC raised its position in Citigroup by 107.7% in the 4th quarter. High Note Wealth LLC now owns 270 shares of the company’s stock worth $32,000 after buying an additional 140 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on C. JPMorgan Chase & Co. raised their price target on shares of Citigroup from $131.00 to $135.50 and gave the company an “overweight” rating in a report on Thursday, April 30th. The Goldman Sachs Group increased their price objective on shares of Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Piper Sandler restated an “overweight” rating and issued a $145.00 target price (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $145.00 target price on shares of Citigroup in a research report on Friday, May 8th. Finally, Barclays boosted their target price on shares of Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $137.79.

Insider Buying and Selling at Citigroup

In other Citigroup news, insider Edward Skyler sold 25,000 shares of the 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 completion of the transaction, the insider owned 182,022 shares in the company, valued at $23,919,511.02. This trade represents a 12.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction on 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 transaction, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. 0.11% of the stock is owned by insiders.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Wells Fargo raised its price target on Citigroup to $165 from $162 and reiterated an Overweight rating, saying the bank could exceed its 2026 return-on-equity profitability goals. Citigroup (C) Could Surpass Long-Term Profitability Target, According to Wells Fargo
• Positive Sentiment: Citi was highlighted as a strong momentum stock, reinforcing the view that the recent share run has technical support behind it. Here’s Why Citigroup (C) is a Strong Momentum Stock
• Positive Sentiment: Citigroup plans to open a Baltic representative office to better finance defense-related business on NATO’s eastern frontier, which could expand fee-generating opportunities in a growing sector. Citigroup Plans Baltic Office to Tap Defense Spending Boom
• Positive Sentiment: Citi was also cited in a list of elite financial stocks favored by investors, adding to bullish sentiment around the stock. Citigroup Inc. (C): One of The Elite Financial Stocks to Buy?
• Neutral Sentiment: Citi named Rajeev Garg as UAE wealth head, a leadership move that may support its wealth-management business but is not likely to move the stock materially on its own. Citi names Rajeev Garg as UAE wealth head

Citigroup Price Performance

NYSE:C opened at $145.75 on Tuesday. The business’s 50-day simple moving average is $130.28 and its two-hundred day simple moving average is $119.91. Citigroup Inc. has a 52 week low of $77.50 and a 52 week high of $147.96. The stock has a market cap of $248.58 billion, a PE ratio of 18.06, a P/E/G ratio of 0.62 and a beta of 1.12. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.59.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The firm had revenue of $24.63 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, analysts forecast that Citigroup Inc. will post 10.72 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, May 4th. Citigroup’s payout ratio is currently 29.74%.

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

Citigroup Company 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.