Fideuram Asset Management Ireland dac Takes $8.88 Million Position in Citigroup Inc. $C

Fideuram Asset Management Ireland dac bought a new stake in shares of Citigroup Inc. (NYSE:C) during the fourth quarter, Holdings Channel.com reports. The fund bought 76,075 shares of the company’s stock, valued at approximately $8,877,000.

Other large investors have also recently modified their holdings of the company. Brickwood Asset Management LLP boosted its stake in Citigroup by 14.8% during the fourth quarter. Brickwood Asset Management LLP now owns 7,205 shares of the company’s stock worth $841,000 after acquiring an additional 927 shares in the last quarter. Basepoint Wealth LLC bought a new stake in Citigroup during the fourth quarter worth about $36,000. Pasadena Private Wealth LLC boosted its stake in Citigroup by 7.4% during the fourth quarter. Pasadena Private Wealth LLC now owns 3,642 shares of the company’s stock worth $425,000 after acquiring an additional 250 shares in the last quarter. Rothschild Investment LLC boosted its stake in Citigroup by 28.2% during the fourth quarter. Rothschild Investment LLC now owns 4,432 shares of the company’s stock worth $517,000 after acquiring an additional 975 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Citigroup during the fourth quarter worth about $68,469,000. 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: Analyst commentary points to Citigroup’s revenue growth potential through 2026, driven by loan demand, private credit expansion, and continued restructuring/transformation progress. Top Research Reports for Citigroup, TotalEnergies & AppLovin
• Positive Sentiment: Recent earnings momentum remains a tailwind: Citigroup beat consensus expectations last quarter and posted double-digit revenue growth year over year, reinforcing the case that the turnaround is gaining traction.
• Positive Sentiment: Wall Street sentiment remains favorable overall, with recent buy/overweight ratings and several higher price targets suggesting analysts still see upside in Citigroup (C).
• Neutral Sentiment: Several articles compared Citigroup’s performance with peers such as Goldman Sachs and BGC Group, but these were mostly valuation and relative-performance discussions rather than new fundamental developments. Goldman vs. Citigroup: Which Financial Giant Should You Pick Now?
• Neutral Sentiment: Social-media chatter around the stock largely focused on Citi’s recent earnings beat and sector strength, but did not introduce a materially new catalyst.

Citigroup Trading Down 0.5%

Shares of NYSE C opened at $124.76 on Friday. The firm’s 50 day moving average price is $122.55 and its 200-day moving average price is $115.62. The company has a market cap of $212.79 billion, a PE ratio of 15.46, a P/E/G ratio of 0.56 and a beta of 1.14. Citigroup Inc. has a 52-week low of $74.30 and a 52-week high of $135.29. 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 issued its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.96 earnings per share. On average, equities research analysts expect that Citigroup Inc. will post 10.68 EPS for the current fiscal year.

Citigroup Dividend Announcement

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

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Truist Financial set a $147.00 price objective on shares of Citigroup in a research note on Friday, May 1st. Wells Fargo & Company boosted their price objective on shares of Citigroup from $160.00 to $162.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Wall Street Zen raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research note on Monday, April 20th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $137.62.

Insider Activity at Citigroup

In other news, Director John Cunningham Dugan sold 2,117 shares of the business’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 transaction of $265,260.10. Following the completion of the transaction, the director directly owned 12,194 shares of the company’s stock, valued at $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Skyler sold 25,000 shares of the 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 completion of the transaction, the insider owned 182,022 shares in the company, valued at $23,919,511.02. The trade was a 12.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.11% of the stock is owned by insiders.

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.