Citigroup Inc. $C Shares Bought by Mariner LLC

Mariner LLC boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 14.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 836,162 shares of the company’s stock after buying an additional 102,585 shares during the quarter. Mariner LLC’s holdings in Citigroup were worth $97,583,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in C. Brighton Jones LLC raised its holdings in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Citigroup by 20.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock valued at $835,000 after purchasing an additional 1,669 shares in the last quarter. United Bank acquired a new stake in shares of Citigroup in the 2nd quarter valued at $972,000. Osterweis Capital Management Inc. raised its holdings in shares of Citigroup by 3,016.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 935 shares of the company’s stock valued at $80,000 after purchasing an additional 905 shares in the last quarter. Finally, HUB Investment Partners LLC raised its holdings in shares of Citigroup by 26.9% in the 2nd quarter. HUB Investment Partners LLC now owns 15,287 shares of the company’s stock valued at $1,301,000 after purchasing an additional 3,238 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction 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 of the company’s stock, valued at $1,527,908.20. This trade represents a 14.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Edward Skyler sold 25,000 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the completion of the transaction, the insider directly owned 182,022 shares in the company, valued at $23,919,511.02. This trade represents a 12.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.11% of the company’s stock.

Citigroup Trading Up 1.0%

NYSE C opened at $141.18 on Tuesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 0.99. The firm’s fifty day moving average price is $127.86 and its 200 day moving average price is $118.47. The company has a market capitalization of $240.80 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 0.62 and a beta of 1.12. Citigroup Inc. has a 12 month low of $76.95 and a 12 month high of $143.56.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. The firm had revenue of $24.63 billion for the quarter, compared to the consensus estimate of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The company’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm posted $1.96 EPS. On average, sell-side analysts expect that Citigroup Inc. will post 10.68 earnings per share for the current fiscal year.

Citigroup declared that its Board of Directors has initiated a stock 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 shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, May 4th. Citigroup’s dividend payout ratio (DPR) is 29.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. 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. Barclays raised their price objective on shares of Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Wall Street Zen upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Morgan Stanley raised their price objective on shares of Citigroup from $140.00 to $144.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Citigroup from $131.00 to $135.50 and gave the company an “overweight” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.62.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s CFO reportedly outlined revenue growth expectations above analyst forecasts, while the bank’s push into blockchain-based trading for private equity has reinforced optimism about its long-term growth opportunities.
• Positive Sentiment: Jim Cramer said he was “very bullish” on Citigroup, adding to upbeat sentiment around the stock and the leadership team. Article: Jim Cramer on Citigroup: “Very Bullish”
• Positive Sentiment: Citigroup completed the sale of its Polish consumer banking business, marking the final exit from its non-core international consumer banking operations and signaling continued progress on simplification and capital focus. Article: C Sheds Polish Arm, Marks Final Exit From Nore-Core Consumer Business
• Positive Sentiment: Market commentary noted that Citigroup has been showing strong momentum, with investors rotating toward defensive financials and some trade structures targeting further upside while limiting downside risk. Article: Bullish Spread Targets Citigroup Stock Momentum With Limited Risk
• Neutral Sentiment: Citi was also mentioned in broader financial-news coverage, including a comparison of bank stocks and a note that Jane Fraser remains a highly visible industry leader. These items may support the stock’s profile, but they are less direct catalysts.
• Negative Sentiment: One Citi research note cut Brent crude forecasts, which could be a modest headwind for energy-related trading and macro expectations, though the impact on Citigroup shares appears limited. Article: Citi cuts Brent forecasts as U.S.-Iran MoU points to Strait of Hormuz flow normalization

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.