Citigroup Inc. $C Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC boosted its holdings in Citigroup Inc. (NYSE:C) by 12.5% during the first quarter, Holdings Channel reports. The institutional investor owned 733,611 shares of the company’s stock after buying an additional 81,723 shares during the period. Calamos Advisors LLC’s holdings in Citigroup were worth $83,199,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Truist Financial Corp increased its stake in Citigroup by 4.7% during the 4th quarter. Truist Financial Corp now owns 375,977 shares of the company’s stock worth $43,873,000 after buying an additional 16,744 shares during the period. Gunderson Capital Management Inc. bought a new position in Citigroup during the 4th quarter worth approximately $7,165,000. Brighton Jones LLC raised its position in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares during the period. UniSuper Management Pty Ltd lifted its stake in Citigroup by 38.8% in the fourth quarter. UniSuper Management Pty Ltd now owns 1,306,851 shares of the company’s stock valued at $152,496,000 after buying an additional 365,041 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Citigroup by 11.8% during the 4th quarter. Nordea Investment Management AB now owns 7,986,407 shares of the company’s stock valued at $933,891,000 after purchasing an additional 844,056 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

NYSE C opened at $140.56 on Tuesday. Citigroup Inc. has a twelve month low of $86.22 and a twelve month high of $147.96. The stock has a market capitalization of $239.74 billion, a PE ratio of 17.42, a P/E/G ratio of 0.66 and a beta of 1.11. The stock has a 50-day simple moving average of $133.96 and a 200 day simple moving average of $123.03. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.43. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The company had revenue of $24.63 billion during the quarter, compared to analysts’ expectations of $22.96 billion. During the same period in the prior year, the business earned $1.96 earnings per share. Citigroup’s revenue for the quarter was up 14.1% compared to the same quarter last year. Research analysts anticipate that Citigroup Inc. will post 10.89 EPS for the current year.

Citigroup declared that its board has authorized a stock repurchase program on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Wall Street expectations for big banks are running high, with several analysts saying Citigroup could beat estimates thanks to resilient consumer activity, healthy loan demand, and stronger capital markets conditions.
• Positive Sentiment: Recent coverage highlighted Citigroup as “the one to watch” among major U.S. banks because it is expected to show the biggest year-over-year improvement on an important performance measure, which could support sentiment if results confirm the trend.
• Positive Sentiment: New commentary on Citi’s tokenized USD clearing and Citi Token Services suggests the bank is making progress on digital transformation, reinforcing the case for longer-term operating efficiency and modernization.
• Positive Sentiment: Analysts continue to rate Citigroup favorably overall, with one note saying the stock carries a “Moderate Buy” consensus ahead of earnings.
• Neutral Sentiment: Market-wide risk aversion is also weighing on sentiment, as bank stocks are softer ahead of a packed earnings calendar and broader futures weakness is pressuring cyclical financial shares.
• Neutral Sentiment: Coverage of Citi’s tech overhaul and leadership efforts points to a multiyear turnaround story, but these initiatives are still viewed as work in progress rather than immediate catalysts.
• Negative Sentiment: Investors are still wary about restructuring costs, credit risk, and whether Citigroup can close the gap to its own performance targets, which could limit enthusiasm if earnings disappoint.

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 transaction of $3,285,250.00. Following the sale, the insider owned 182,022 shares of the company’s stock, valued at approximately $23,919,511.02. This trade represents 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 business’s stock in a transaction on Friday, May 8th. The shares were 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.11% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

C has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $139.00 price target on shares of Citigroup in a research report on Wednesday, April 15th. Jefferies Financial Group assumed coverage on Citigroup in a report on Thursday, March 26th. They issued a “buy” rating and a $135.00 price target on the stock. The Goldman Sachs Group upped their price objective on shares of Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Oppenheimer lowered Citigroup from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Finally, Wall Street Zen raised shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

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.