Kepler Cheuvreux Suisse SA Invests $632,000 in Citigroup Inc. $C

Kepler Cheuvreux Suisse SA bought a new position in shares of Citigroup Inc. (NYSE:C) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,570 shares of the company’s stock, valued at approximately $632,000.

Other large investors have also recently bought and sold shares of the company. Mcguire Capital Advisors Inc. purchased a new position in shares of Citigroup in the 4th quarter valued at about $25,000. Richards Merrill & Peterson Inc. purchased a new stake in Citigroup during the fourth quarter worth approximately $28,000. TD Capital Management LLC purchased a new stake in Citigroup during the fourth quarter worth approximately $28,000. Luken Investment Analytics LLC acquired a new position in Citigroup in the fourth quarter valued at approximately $32,000. Finally, High Note Wealth LLC boosted its holdings in Citigroup by 107.7% in the fourth quarter. High Note Wealth LLC now owns 270 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $139.00 price objective on shares of Citigroup in a report on Wednesday, April 15th. Wall Street Zen raised shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Jefferies Financial Group began coverage on shares of Citigroup in a research report on Thursday, March 26th. They issued a “buy” rating and a $135.00 price target for the company. Oppenheimer downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Finally, Keefe, Bruyette & Woods raised their price objective on Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $139.62.

Trending Headlines about 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 Stock Performance

Shares of Citigroup stock opened at $139.93 on Monday. The firm’s fifty day simple moving average is $132.49 and its 200-day simple moving average is $121.94. Citigroup Inc. has a 12 month low of $85.48 and a 12 month high of $147.96. The stock has a market capitalization of $238.67 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 0.60 and a beta of 1.11. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last issued its quarterly earnings data 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. 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 the consensus estimate of $22.96 billion. During the same period last year, the firm posted $1.96 EPS. Citigroup’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities analysts forecast that Citigroup Inc. will post 10.83 earnings per share for the current year.

Citigroup announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 7th that permits the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, Director John Cunningham Dugan sold 2,117 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 12,194 shares in the company, valued at $1,527,908.20. This represents a 14.79% 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, insider Edward Skyler sold 25,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total value of $3,285,250.00. Following the sale, the insider directly owned 182,022 shares of the company’s stock, valued at approximately $23,919,511.02. This represents a 12.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.11% of the company’s stock.

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.