Citigroup Inc. $C Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in shares of Citigroup Inc. (NYSE:C) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 761,791 shares of the company’s stock after acquiring an additional 91,858 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Citigroup were worth $88,893,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Richards Merrill & Peterson Inc. purchased a new stake in Citigroup in the fourth quarter valued at $28,000. 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 worth $32,000 after buying an additional 153 shares during the last quarter. Luken Investment Analytics LLC purchased a new stake in shares of Citigroup in the fourth quarter worth about $32,000. High Note Wealth LLC grew its holdings in Citigroup by 107.7% during the fourth quarter. High Note Wealth LLC now owns 270 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares during the period. Finally, Guerra Advisors Inc purchased a new position in Citigroup during the third quarter valued at approximately $33,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Oppenheimer reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of Citigroup in a report on Friday, May 8th. Evercore set a $139.00 price objective on shares of Citigroup in a research report on Wednesday, April 15th. Truist Financial set a $147.00 target price on Citigroup in a research report on Friday, May 1st. 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 for the company. One research 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 a consensus rating of “Moderate Buy” and an average target price of $137.62.

Insider Transactions at Citigroup

In other news, Director John Cunningham Dugan sold 2,117 shares of the company’s 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 transaction, the director directly owned 12,194 shares in the company, valued at approximately $1,527,908.20. This represents a 14.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total value of $3,285,250.00. Following the completion of the sale, the insider directly 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. 0.11% of the stock is owned by company insiders.

Citigroup Trading Up 0.8%

Shares of C opened at $125.73 on Friday. The firm’s fifty day moving average is $122.89 and its two-hundred day moving average is $115.69. The stock has a market cap of $214.44 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14. 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.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.43. The company had revenue of $24.63 billion during 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%. Citigroup’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.96 EPS. Research analysts forecast that Citigroup Inc. will post 10.68 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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

Citigroup announced that its Board of Directors has initiated a share buyback program on Thursday, May 7th that allows the company to buyback $30.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 13.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s latest quarter beat expectations, with EPS of $3.06 versus $2.63 expected and revenue of $24.63 billion topping estimates, reinforcing confidence in the bank’s earnings momentum.
• Positive Sentiment: Recent coverage highlights Citigroup’s growth drivers, including loan demand, private credit expansion, and ongoing transformation efforts that analysts say could support revenue growth through 2026. Top Research Reports for Citigroup, TotalEnergies & AppLovin
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple firms maintaining Buy/Overweight ratings and recent price targets clustering well above the current trading range, suggesting room for further upside.
• Positive Sentiment: News that Citigroup is concentrating more wealth-management hiring in Asia points to a strategic push into a faster-growing, more productive market segment. Citigroup Inc. (C) Anchors Wealth Hiring in Asia
• Neutral Sentiment: Several articles also note Citigroup’s stock has been broadly outperforming some financial peers this year, but these pieces are more comparison-focused than catalyst-driven. Is Citigroup (C) Stock Outpacing Its Finance Peers This Year?
• Negative Sentiment: Some institutional holdings data show major investors trimming positions, including BlackRock and T. Rowe Price, which may temper enthusiasm despite the stronger operating trends.

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.