Citigroup Inc. $C Shares Sold by Sound Income Strategies LLC

Sound Income Strategies LLC trimmed its stake in Citigroup Inc. (NYSE:C) by 25.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 269,342 shares of the company’s stock after selling 90,493 shares during the quarter. Citigroup makes up 1.5% of Sound Income Strategies LLC’s portfolio, making the stock its 12th biggest holding. Sound Income Strategies LLC’s holdings in Citigroup were worth $31,793,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in C. Brighton Jones LLC raised its holdings in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Citigroup by 20.5% in the second quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock worth $835,000 after acquiring an additional 1,669 shares during the last quarter. United Bank acquired a new position in shares of Citigroup in the second quarter worth $972,000. Cresset Asset Management LLC raised its holdings in shares of Citigroup by 3.0% in the second quarter. Cresset Asset Management LLC now owns 34,826 shares of the company’s stock worth $2,965,000 after acquiring an additional 1,014 shares during the last quarter. Finally, StoneX Group Inc. acquired a new position in shares of Citigroup in the second quarter worth $243,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

C has been the subject of a number of analyst reports. Truist Financial boosted their price target on Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Wells Fargo & Company set a $150.00 price target on Citigroup in a report on Monday, January 5th. Oppenheimer cut their price target on Citigroup from $144.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, March 27th. TD Cowen reiterated a “hold” rating on shares of Citigroup in a research note on Wednesday, January 7th. Finally, Barclays upped their target price on Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. One 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.59.

Citigroup Stock Performance

Citigroup stock opened at $117.25 on Tuesday. The firm has a market capitalization of $205.11 billion, a P/E ratio of 16.82, a PEG ratio of 0.74 and a beta of 1.11. The stock has a fifty day moving average price of $112.79 and a 200 day moving average price of $108.77. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $125.16. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.63.

Citigroup (NYSE:C) last released its earnings results on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.65 by $0.16. The firm had revenue of $19.87 billion during the quarter, compared to analyst estimates of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, May 4th. Citigroup’s dividend payout ratio is presently 34.43%.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Goldman Sachs raised its price target on Citigroup to $137 and reiterated a “buy” rating — a direct analyst catalyst that boosts investor demand by implying ~17% upside from recent levels. Benzinga
• Positive Sentiment: Citigroup declared a quarterly dividend of $0.60 per share (record May 4, payable May 22) — increases cash return visibility and supports income-focused ownership. (Company announcement)
• Positive Sentiment: Citigroup itself pushed back its Fed rate‑cut forecast, now expecting cuts to start in September — a later cut schedule implies higher interest rates for longer, which generally supports banks’ net interest margins and near‑term profitability. TipRanks
• Neutral Sentiment: Industry outlook: analysts expect major U.S. banks (including Citigroup) to deliver broadly in‑line to slightly better Q1 results — supportive overall but keeps focus on Citigroup’s specific revenue mix and trading/loan trends. ProactiveInvestors
• Negative Sentiment: Wider macro and geopolitical risks (inflation concerns and Middle East tensions) are being flagged by Fed officials and markets — these raise volatility and could weigh on fee businesses, trading revenue and investor sentiment even if higher rates help margins. Blockonomi

Insider Buying and Selling

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $111.09, for a total value of $4,796,088.57. Following the completion of the transaction, the insider directly owned 45,835 shares in the company, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

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.