Citigroup Inc. $C Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its stake in Citigroup Inc. (NYSE:C) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,824,658 shares of the company’s stock after selling 150,457 shares during the quarter. Citigroup accounts for about 0.5% of Russell Investments Group Ltd.’s portfolio, making the stock its 17th largest holding. Russell Investments Group Ltd.’s holdings in Citigroup were worth $446,534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Atom Investors LP acquired a new position in Citigroup in the 4th quarter worth about $277,000. Clark Capital Management Group Inc. raised its holdings in Citigroup by 171.5% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,452 shares of the company’s stock worth $753,000 after purchasing an additional 4,076 shares during the period. Kemnay Advisory Services Inc. acquired a new position in Citigroup in the 4th quarter worth about $83,000. Captrust Financial Advisors raised its holdings in Citigroup by 2.0% in the 4th quarter. Captrust Financial Advisors now owns 1,075,968 shares of the company’s stock worth $125,555,000 after purchasing an additional 20,926 shares during the period. Finally, &PARTNERS raised its holdings in Citigroup by 34.8% in the 4th quarter. &PARTNERS now owns 200,505 shares of the company’s stock worth $23,403,000 after purchasing an additional 51,808 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Buying and Selling

In related 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward Skyler sold 25,000 shares of the company’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 transaction, the insider owned 182,022 shares in the company, valued at $23,919,511.02. This represents a 12.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

C has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on Citigroup in a report on Thursday, March 26th. They issued a “buy” rating and a $135.00 price target for the company. The Goldman Sachs Group upped their price target on Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Truist Financial set a $147.00 price target on Citigroup in a report on Friday, May 1st. Wells Fargo & Company boosted their price objective on Citigroup from $160.00 to $162.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen upgraded Citigroup from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.62.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup is benefiting from strong momentum as shares trade near a 17-year high, helped by restructuring gains, AI-led initiatives, and buyback activity. Citigroup Stock at Multi-Year High: Why Investors Should Stay Invested
• Positive Sentiment: Investor discussion around Citigroup has turned more constructive, with some noting its recent highs and tokenization plans as signs of innovation and longer-term growth potential. Citigroup Stock (C) Opinions on Recent Highs and Tokenization Plans
• Positive Sentiment: Citigroup’s bullish case was reinforced by commentary that the stock remains attractive versus peers because of its lower valuation and turnaround progress. Which is the Better Bank Stock to Buy: JPMorgan or Citigroup?
• Neutral Sentiment: Citigroup chief U.S. economist Andrew Hollenhorst reiterated his call for Fed rate cuts later this year, a macro view that could matter for bank margins but is not an immediate company-specific catalyst. Citi Chief US Economist Defends Unpopular Fed Rate-Cut Call
• Negative Sentiment: Reuter’s report that a former Citigroup wealth executive alleged she was fired after raising concerns about Trump-related client outreach and risk management could add a governance overhang, though the case is still an allegation. Ex-Citi wealth MD alleges firing after flagging Trump-related client concerns, FT reports
• Negative Sentiment: Recent insider selling and mixed institutional positioning may temper enthusiasm, even as the broader trend in the shares remains positive. Citigroup Stock (C) Opinions on Recent Highs and Tokenization Plans

Citigroup Price Performance

C stock opened at $142.78 on Wednesday. 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 business has a 50 day simple moving average of $128.41 and a 200-day simple moving average of $118.75. The firm has a market capitalization of $243.52 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 0.63 and a beta of 1.12. Citigroup Inc. has a 1 year low of $77.11 and a 1 year high of $143.56.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. The business had revenue of $24.63 billion during the quarter, compared to analyst estimates of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The business’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.96 earnings per share. Equities research analysts anticipate that Citigroup Inc. will post 10.68 earnings per share for the current fiscal year.

Citigroup declared that its board has approved a share repurchase plan on Thursday, May 7th that allows the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Citigroup Dividend Announcement

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

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.