Citigroup Inc. $C Shares Purchased by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH lifted its position in Citigroup Inc. (NYSE:C) by 9.5% during the first quarter, Holdings Channel reports. The institutional investor owned 42,384 shares of the company’s stock after buying an additional 3,662 shares during the quarter. Citigroup makes up approximately 1.5% of Boyd Watterson Asset Management LLC OH’s investment portfolio, making the stock its 17th largest position. Boyd Watterson Asset Management LLC OH’s holdings in Citigroup were worth $4,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in C. Turtle Creek Wealth Advisors LLC boosted its position in Citigroup by 12.9% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 15,502 shares of the company’s stock valued at $1,758,000 after purchasing an additional 1,775 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of Citigroup by 0.4% in the first quarter. New York State Teachers Retirement System now owns 1,449,891 shares of the company’s stock worth $164,432,000 after purchasing an additional 5,863 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Citigroup by 3.8% during the first quarter. Private Advisor Group LLC now owns 139,678 shares of the company’s stock worth $15,841,000 after buying an additional 5,105 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in Citigroup by 2,809.3% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 120,679 shares of the company’s stock valued at $13,686,000 after purchasing an additional 116,531 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Citigroup by 55.4% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 474,441 shares of the company’s stock valued at $53,806,000 after buying an additional 169,050 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Citigroup news, insider Edward Skyler sold 25,000 shares of the stock in a transaction 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 transaction, the insider owned 182,022 shares in the company, valued at $23,919,511.02. This trade represents a 12.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.30, for a total transaction 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 disclosure for this sale is available in the SEC filing. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on C shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research report on Monday, April 20th. Wall Street Zen raised Citigroup from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $139.00 price objective on shares of Citigroup in a report on Wednesday, April 15th. Evercore set a $139.00 price objective on Citigroup in a research report on Wednesday, April 15th. Finally, Oppenheimer cut shares of Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $139.62.

Citigroup Stock Performance

Shares of Citigroup stock opened at $139.93 on Friday. Citigroup Inc. has a one year low of $85.48 and a one year high of $147.96. 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 stock’s 50-day moving average is $132.28 and its 200-day moving average is $121.75. The firm has a market cap of $238.67 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 earnings per share 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 return on equity of 9.19% and a net margin of 9.35%.Citigroup’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 EPS. Equities analysts predict that Citigroup Inc. will post 10.83 earnings per share for the current fiscal year.

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

Key Headlines 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.

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.