Chapin Davis Inc. Acquires 4,413 Shares of Citigroup Inc. $C

Chapin Davis Inc. grew its holdings in shares of Citigroup Inc. (NYSE:C) by 87.3% in the fourth quarter, HoldingsChannel reports. The fund owned 9,470 shares of the company’s stock after purchasing an additional 4,413 shares during the quarter. Chapin Davis Inc.’s holdings in Citigroup were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of C. Interchange Capital Partners LLC lifted its stake in shares of Citigroup by 138.4% during the 4th quarter. Interchange Capital Partners LLC now owns 9,754 shares of the company’s stock valued at $1,138,000 after buying an additional 5,662 shares in the last quarter. Keybank National Association OH lifted its stake in shares of Citigroup by 2.5% during the 4th quarter. Keybank National Association OH now owns 48,699 shares of the company’s stock valued at $5,683,000 after buying an additional 1,181 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Citigroup during the 4th quarter valued at $133,000. Vest Financial LLC lifted its stake in shares of Citigroup by 23.8% during the 4th quarter. Vest Financial LLC now owns 33,049 shares of the company’s stock valued at $3,856,000 after buying an additional 6,354 shares in the last quarter. Finally, Strategic Blueprint LLC lifted its stake in shares of Citigroup by 1.6% during the 4th quarter. Strategic Blueprint LLC now owns 46,956 shares of the company’s stock valued at $5,479,000 after buying an additional 735 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi raised its AI market forecast to roughly $4.2+ trillion by 2030, highlighting faster enterprise adoption and positioning the firm’s research and corporate advisory teams to capture more AI-related deal flow and trading activity. This bolsters Citi’s investor-facing credibility and could support fee income. Citi lifts AI market view
• Positive Sentiment: Citi is expanding its investment-banking footprint in Asia (adding senior hires in Japan and China) and has hired Barclays veteran James Potts to head its shareholder advisory arm — moves that should help win cross-border M&A and activism advisory mandates, supporting future fee revenue. Citi to boost Japan, China teams Citi hires Potts
• Positive Sentiment: Citi’s wealth unit (Citi Wealth) formed a strategic partnership with Advyzon to enhance its advisory platform — a targeted effort to grow high-margin wealth-management relationships and recurring fee streams. Citi strengthens advisory unit
• Neutral Sentiment: Foreign investors have rotated into TMT debt and away from financial bonds, per Citi research — a market-wide flow trend that could pressure relative demand for bank debt but is not specific to Citi’s fundamentals. Investors should monitor funding spreads and bond appetite. Foreign demand for US corporate bonds rises
• Negative Sentiment: Insider selling has been pronounced recently (multiple senior execs sold shares in the past six months), which can spook investors even if sales are routine/for diversification. That selling likely contributes to intraday softness. QuiverQuant: insider activity & commentary

Citigroup Stock Down 0.6%

Shares of C stock opened at $128.42 on Wednesday. The stock has a market cap of $220.23 billion, a P/E ratio of 15.91, a PEG ratio of 0.58 and a beta of 1.11. Citigroup Inc. has a 52 week low of $66.72 and a 52 week high of $135.29. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 1.59. The company’s fifty day simple moving average is $116.54 and its two-hundred day simple moving average is $111.94.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.63 by $0.43. The business had revenue of $24.63 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.96 EPS. Analysts predict that Citigroup Inc. will post 10.62 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be paid a $0.60 dividend. The ex-dividend date is Monday, May 4th. This represents a $2.40 annualized dividend and a yield of 1.9%. Citigroup’s payout ratio is presently 29.74%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Citigroup from $140.00 to $144.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Wolfe Research restated an “outperform” rating and set a $141.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. Piper Sandler restated an “overweight” rating and set a $145.00 target price (up from $125.00) on shares of Citigroup in a research note on Wednesday, April 15th. Truist Financial lifted their target price on shares of Citigroup from $133.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Finally, Oppenheimer lifted their target price on shares of Citigroup from $132.00 to $144.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. One investment 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 stock. According to MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $135.94.

Insider Buying and Selling at Citigroup

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 shares were sold at an average price of $111.09, for a total value of $4,796,088.57. Following the sale, the insider owned 45,835 shares in the company, valued at $5,091,810.15. The trade was a 48.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward Skyler sold 25,000 shares of the business’s stock in a transaction 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 completion of the sale, 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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 92,318 shares of company stock worth $10,764,814. Corporate 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.