Citigroup Inc. $C Shares Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. grew its position in Citigroup Inc. (NYSE:C) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,983,565 shares of the company’s stock after purchasing an additional 147,798 shares during the period. Citigroup makes up approximately 1.9% of Jupiter Asset Management Ltd.’s investment portfolio, making the stock its 4th largest holding. Jupiter Asset Management Ltd.’s holdings in Citigroup were worth $231,462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elmwood Wealth Management Inc. increased its position in Citigroup by 1.3% during the fourth quarter. Elmwood Wealth Management Inc. now owns 6,845 shares of the company’s stock worth $799,000 after buying an additional 85 shares during the last quarter. Park Place Capital Corp grew its position in shares of Citigroup by 16.7% in the fourth quarter. Park Place Capital Corp now owns 595 shares of the company’s stock valued at $69,000 after purchasing an additional 85 shares during the last quarter. D.B. Root & Company LLC grew its position in shares of Citigroup by 2.8% in the fourth quarter. D.B. Root & Company LLC now owns 3,191 shares of the company’s stock valued at $372,000 after purchasing an additional 87 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in shares of Citigroup by 0.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 10,393 shares of the company’s stock valued at $1,213,000 after purchasing an additional 87 shares during the last quarter. Finally, N.E.W. Advisory Services LLC grew its position in shares of Citigroup by 14.9% in the fourth quarter. N.E.W. Advisory Services LLC now owns 703 shares of the company’s stock valued at $82,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup News Roundup

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.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on C shares. JPMorgan Chase & Co. increased their price target on Citigroup from $131.00 to $135.50 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Evercore set a $139.00 price target on Citigroup in a research note on Wednesday, April 15th. Jefferies Financial Group began coverage on Citigroup in a report on Thursday, March 26th. They issued a “buy” rating and a $135.00 price objective for the company. The Goldman Sachs Group increased their price target on Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Finally, Piper Sandler restated an “overweight” rating and issued a $145.00 target price (up from $125.00) on shares of Citigroup in a research note on Wednesday, April 15th. One 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 MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.62.

Citigroup Price Performance

Citigroup stock opened at $124.76 on Friday. The company’s 50 day moving average price is $122.55 and its two-hundred day moving average price is $115.62. 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 Inc. has a 52 week low of $74.30 and a 52 week high of $135.29. The stock has a market cap of $212.79 billion, a P/E ratio of 15.46, a P/E/G ratio of 0.56 and a beta of 1.14.

Citigroup (NYSE:C) last issued its quarterly 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. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The company had revenue of $24.63 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter last year, the business posted $1.96 EPS. Citigroup’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities analysts predict that Citigroup Inc. will post 10.68 earnings per share for the current year.

Citigroup Announces Dividend

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

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

Insider Activity at Citigroup

In related news, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction that occurred 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 of the company’s stock, valued at $23,919,511.02. This represents a 12.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.11% of the company’s stock.

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.