Mediolanum International Funds Ltd Sells 39,412 Shares of Citigroup Inc. $C

Mediolanum International Funds Ltd lessened its stake in shares of Citigroup Inc. (NYSE:C) by 5.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 643,570 shares of the company’s stock after selling 39,412 shares during the period. Citigroup accounts for about 0.7% of Mediolanum International Funds Ltd’s portfolio, making the stock its 23rd largest position. Mediolanum International Funds Ltd’s holdings in Citigroup were worth $69,036,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cora Capital Advisors LLC increased its stake in Citigroup by 3.1% in the first quarter. Cora Capital Advisors LLC now owns 2,609 shares of the company’s stock valued at $296,000 after purchasing an additional 78 shares in the last quarter. CFS Investment Advisory Services LLC raised its holdings in shares of Citigroup by 0.4% during the first quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock valued at $2,336,000 after purchasing an additional 79 shares during the period. Verus Capital Partners LLC boosted its position in shares of Citigroup by 3.1% during the 4th quarter. Verus Capital Partners LLC now owns 2,748 shares of the company’s stock worth $321,000 after purchasing an additional 82 shares in the last quarter. CFO Capital Management LLC boosted its position in shares of Citigroup by 1.5% during the 1st quarter. CFO Capital Management LLC now owns 5,495 shares of the company’s stock worth $590,000 after purchasing an additional 83 shares in the last quarter. Finally, Elmwood Wealth Management Inc. grew its stake in shares of Citigroup by 1.3% in the 4th quarter. Elmwood Wealth Management Inc. now owns 6,845 shares of the company’s stock valued at $799,000 after buying an additional 85 shares during the period. 71.72% of the stock is owned by institutional investors.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup was added to Zacks’ Rank #1 (Strong Buy) list, signaling improving earnings momentum and potentially attracting more near-term buying. New Strong Buy Stocks for July 17th
• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 earnings estimates for Citigroup, reinforcing the view that profits may continue trending higher. Citigroup stock page / analyst estimate update
• Positive Sentiment: Market commentary highlighted Citigroup as one of the standouts in early Q2 bank earnings, alongside peers that beat expectations, which supports the broader bullish case for the shares. Q2 Earnings: 2 Winners and 1 Loser So Far
• Positive Sentiment: Citigroup’s Q2 results beat estimates, with revenue and EPS both coming in above Wall Street forecasts, keeping investor sentiment constructive after the earnings release. Citigroup earnings data
• Neutral Sentiment: Citigroup announced a full redemption of its Series T preferred stock, which is a capital-structure change but not a major operating catalyst by itself. Citigroup Announces Full Redemption of Series T Preferred Stock
• Neutral Sentiment: Several brokerage and market items reiterated or discussed Citigroup’s valuation and relative attractiveness versus peers, adding context but not introducing a major new surprise. Citigroup vs. Wells Fargo: Which Bank Stock Looks Attractive Post Q2 Results?

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of the business’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 transaction of $265,260.10. Following the completion of the sale, the director directly owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. The trade was a 14.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Citigroup from $135.50 to $149.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a report on Monday, April 20th. Jefferies Financial Group started coverage on Citigroup in a research note on Thursday, March 26th. They issued a “buy” rating and a $135.00 price objective for the company. Evercore set a $143.00 price objective on Citigroup in a report on Monday, July 6th. Finally, Morgan Stanley upped their target price on Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $145.67.

Citigroup Trading Down 1.7%

NYSE:C opened at $129.46 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50-day moving average of $134.34 and a 200-day moving average of $123.33. The company has a market cap of $220.81 billion, a PE ratio of 13.98, a PEG ratio of 0.59 and a beta of 1.11. Citigroup Inc. has a one year low of $87.94 and a one year high of $147.96.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The company had revenue of $24.75 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same quarter in the prior year, the business posted $1.96 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year. As a group, equities research analysts expect that Citigroup Inc. will post 11.15 EPS for the current fiscal year.

Citigroup announced that its Board of Directors has initiated a stock buyback program on Thursday, May 7th that authorizes the company to buyback $30.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 13.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is 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.