Berkshire Asset Management LLC PA Cuts Stake in Citigroup Inc. $C

Berkshire Asset Management LLC PA lowered its holdings in shares of Citigroup Inc. (NYSE:C) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,602 shares of the company’s stock after selling 4,601 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Citigroup were worth $9,172,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in C. Polar Capital Holdings Plc grew its holdings in Citigroup by 49.1% during the 4th quarter. Polar Capital Holdings Plc now owns 118,672 shares of the company’s stock valued at $13,848,000 after buying an additional 39,070 shares in the last quarter. Opal Capital LLC purchased a new position in Citigroup during the 4th quarter valued at approximately $10,509,000. Rothschild Wealth LLC grew its holdings in Citigroup by 487.1% during the 4th quarter. Rothschild Wealth LLC now owns 11,759 shares of the company’s stock valued at $1,372,000 after buying an additional 9,756 shares in the last quarter. Delta Global Management LP grew its holdings in Citigroup by 20.8% during the 4th quarter. Delta Global Management LP now owns 588,487 shares of the company’s stock valued at $68,671,000 after buying an additional 101,130 shares in the last quarter. Finally, Rakuten Investment Management Inc. grew its holdings in Citigroup by 723.3% during the 4th quarter. Rakuten Investment Management Inc. now owns 237,567 shares of the company’s stock valued at $28,064,000 after buying an additional 208,713 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup is benefiting from strong momentum as shares trade near a 17-year high, helped by restructuring gains, AI-led initiatives, and buyback activity. Citigroup Stock at Multi-Year High: Why Investors Should Stay Invested
• Positive Sentiment: Investor discussion around Citigroup has turned more constructive, with some noting its recent highs and tokenization plans as signs of innovation and longer-term growth potential. Citigroup Stock (C) Opinions on Recent Highs and Tokenization Plans
• Positive Sentiment: Citigroup’s bullish case was reinforced by commentary that the stock remains attractive versus peers because of its lower valuation and turnaround progress. Which is the Better Bank Stock to Buy: JPMorgan or Citigroup?
• Neutral Sentiment: Citigroup chief U.S. economist Andrew Hollenhorst reiterated his call for Fed rate cuts later this year, a macro view that could matter for bank margins but is not an immediate company-specific catalyst. Citi Chief US Economist Defends Unpopular Fed Rate-Cut Call
• Negative Sentiment: Reuter’s report that a former Citigroup wealth executive alleged she was fired after raising concerns about Trump-related client outreach and risk management could add a governance overhang, though the case is still an allegation. Ex-Citi wealth MD alleges firing after flagging Trump-related client concerns, FT reports
• Negative Sentiment: Recent insider selling and mixed institutional positioning may temper enthusiasm, even as the broader trend in the shares remains positive. Citigroup Stock (C) Opinions on Recent Highs and Tokenization Plans

Insider Buying and Selling

In other news, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction that occurred 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 completion of the transaction, the insider owned 182,022 shares in the company, valued at approximately $23,919,511.02. The trade was a 12.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Cunningham Dugan sold 2,117 shares of the firm’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 value of $265,260.10. Following the sale, the director directly owned 12,194 shares of the company’s stock, valued at $1,527,908.20. This represents a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.11% of the stock is currently owned by insiders.

Citigroup Price Performance

Shares of Citigroup stock opened at $142.78 on Wednesday. The stock has a market cap of $243.52 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 0.63 and a beta of 1.12. 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 50 day moving average price of $128.41 and a 200-day moving average price of $118.75. Citigroup Inc. has a one year low of $77.11 and a one year high of $143.56.

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

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

Citigroup Announces Dividend

The business 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. The ex-dividend date was Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. Citigroup’s payout ratio is 29.74%.

Analyst Upgrades and Downgrades

C has been the subject of several research analyst reports. Oppenheimer restated an “outperform” rating and set a $145.00 price target on shares of Citigroup in a report on Friday, May 8th. Jefferies Financial Group initiated coverage on Citigroup in a report on Thursday, March 26th. They set a “buy” rating and a $135.00 price target for the company. The Goldman Sachs Group raised their price target on Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Morgan Stanley raised their price target on Citigroup from $140.00 to $144.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Finally, Piper Sandler restated an “overweight” rating and set a $145.00 price target (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $137.62.

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.