Sound Income Strategies LLC Has $28.73 Million Stock Holdings in Citigroup Inc. $C

Sound Income Strategies LLC cut its holdings in shares of Citigroup Inc. (NYSE:C) by 7.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 249,206 shares of the company’s stock after selling 20,136 shares during the period. Citigroup accounts for approximately 1.4% of Sound Income Strategies LLC’s portfolio, making the stock its 12th biggest position. Sound Income Strategies LLC’s holdings in Citigroup were worth $28,733,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of C. Truist Financial Corp raised its holdings in shares of Citigroup by 4.7% in the fourth quarter. Truist Financial Corp now owns 375,977 shares of the company’s stock valued at $43,873,000 after purchasing an additional 16,744 shares during the last quarter. Gunderson Capital Management Inc. bought a new stake in shares of Citigroup in the fourth quarter worth $7,165,000. Brighton Jones LLC boosted its holdings in Citigroup by 166.9% during the fourth 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 last quarter. UniSuper Management Pty Ltd boosted its holdings in Citigroup by 38.8% during the fourth quarter. UniSuper Management Pty Ltd now owns 1,306,851 shares of the company’s stock worth $152,496,000 after purchasing an additional 365,041 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in Citigroup by 11.8% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on C shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $139.00 price target on shares of Citigroup in a research note on Wednesday, April 15th. Piper Sandler restated an “overweight” rating and issued a $145.00 price objective (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. Morgan Stanley lifted their target price on Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday. Evercore set a $139.00 price target on Citigroup in a research report on Wednesday, April 15th. Finally, 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 research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $139.62.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup and other major banks passed the Fed’s 2026 stress tests, clearing the way for dividend increases and reinforcing confidence in the bank’s capital strength.
• Positive Sentiment: Analysts continue to expect Citi to post solid results, with recent reports highlighting its strong earnings-surprise history ahead of the next quarterly release.
• Positive Sentiment: Erste Group raised its FY2027 earnings estimate for Citigroup, suggesting improving profit expectations over the medium term.
• Neutral Sentiment: Citibank announced the redemption of $2.5 billion in notes due in 2026, a routine capital-management move that should be viewed as neutral for the shares.
• Negative Sentiment: Citi’s reduced bitcoin and ether targets may dampen sentiment toward its research calls in the digital-assets space, potentially creating a modest headwind for investor perception.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of the company’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 owned 12,194 shares in the company, valued at $1,527,908.20. This represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the insider owned 182,022 shares of the company’s stock, valued at $23,919,511.02. This represents a 12.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.11% of the stock is owned by insiders.

Citigroup Stock Performance

Shares of C stock opened at $139.93 on Friday. The company has a fifty day moving average price of $132.28 and a two-hundred day moving average price of $121.75. Citigroup Inc. has a one year low of $85.48 and a one year high of $147.96. The stock has a market cap of $238.67 billion, a P/E ratio of 17.34, a P/E/G ratio of 0.60 and a beta of 1.11. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.43. The company had revenue of $24.63 billion for the quarter, compared to analyst estimates of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. Citigroup’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.96 EPS. As a group, equities analysts predict that Citigroup Inc. will post 10.83 EPS for the current year.

Citigroup declared that its board has approved a stock buyback plan on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.