Sound Income Strategies LLC Decreases Stake in Citigroup Inc. $C

Sound Income Strategies LLC cut its holdings in Citigroup Inc. (NYSE:C) by 25.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,342 shares of the company’s stock after selling 90,493 shares during the quarter. Citigroup accounts for 1.5% of Sound Income Strategies LLC’s portfolio, making the stock its 12th biggest holding. Sound Income Strategies LLC’s holdings in Citigroup were worth $31,793,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of C. Wolff Wiese Magana LLC boosted its stake in shares of Citigroup by 87.6% in the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after buying an additional 120 shares in the last quarter. Dunhill Financial LLC boosted its stake in shares of Citigroup by 92.2% in the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock valued at $32,000 after buying an additional 153 shares in the last quarter. Guerra Advisors Inc purchased a new stake in shares of Citigroup in the third quarter valued at approximately $33,000. Howard Hughes Medical Institute purchased a new stake in shares of Citigroup in the second quarter valued at approximately $34,000. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Citigroup in the second quarter valued at approximately $38,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the sale, the insider directly owned 45,835 shares in the company, valued at approximately $5,091,810.15. The trade was a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on C shares. UBS Group restated a “neutral” rating and issued a $132.00 price target on shares of Citigroup in a research note on Thursday, January 15th. Keefe, Bruyette & Woods lifted their price target on Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Oppenheimer decreased their price target on Citigroup from $144.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday, March 27th. TD Cowen restated a “hold” rating on shares of Citigroup in a research note on Wednesday, January 7th. Finally, Jefferies Financial Group assumed coverage on Citigroup in a research note on Thursday, March 26th. They issued a “buy” rating and a $135.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $127.59.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Goldman Sachs raised its price target on Citigroup to $137 and reiterated a “buy” rating — a direct analyst catalyst that boosts investor demand by implying ~17% upside from recent levels. Benzinga
• Positive Sentiment: Citigroup declared a quarterly dividend of $0.60 per share (record May 4, payable May 22) — increases cash return visibility and supports income-focused ownership. (Company announcement)
• Positive Sentiment: Citigroup itself pushed back its Fed rate‑cut forecast, now expecting cuts to start in September — a later cut schedule implies higher interest rates for longer, which generally supports banks’ net interest margins and near‑term profitability. TipRanks
• Neutral Sentiment: Industry outlook: analysts expect major U.S. banks (including Citigroup) to deliver broadly in‑line to slightly better Q1 results — supportive overall but keeps focus on Citigroup’s specific revenue mix and trading/loan trends. ProactiveInvestors
• Negative Sentiment: Wider macro and geopolitical risks (inflation concerns and Middle East tensions) are being flagged by Fed officials and markets — these raise volatility and could weigh on fee businesses, trading revenue and investor sentiment even if higher rates help margins. Blockonomi

Citigroup Stock Up 1.7%

C opened at $117.25 on Tuesday. The business’s fifty day moving average is $112.79 and its two-hundred day moving average is $108.77. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $205.11 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 0.74 and a beta of 1.11. Citigroup Inc. has a one year low of $55.51 and a one year high of $125.16.

Citigroup (NYSE:C) last posted its earnings results on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.16. The company had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.Citigroup’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 earnings per share. Analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, May 4th. Citigroup’s payout ratio is presently 34.43%.

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.