Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 169,050 Shares of Citigroup Inc. $C

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Citigroup Inc. (NYSE:C) by 55.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 474,441 shares of the company’s stock after buying an additional 169,050 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Citigroup were worth $53,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of C. Mcguire Capital Advisors Inc. bought a new stake in Citigroup in the 4th quarter valued at approximately $25,000. Richards Merrill & Peterson Inc. acquired a new stake in Citigroup in the fourth quarter valued at $28,000. TD Capital Management LLC bought a new position in Citigroup during the fourth quarter worth about $28,000. Luken Investment Analytics LLC bought a new position in shares of Citigroup during the 4th quarter worth approximately $32,000. Finally, High Note Wealth LLC grew its stake in Citigroup by 107.7% in the 4th quarter. High Note Wealth LLC now owns 270 shares of the company’s stock valued at $32,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Activity

In other Citigroup news, insider Edward Skyler sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 182,022 shares in the company, valued at $23,919,511.02. This trade represents a 12.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John Cunningham Dugan sold 2,117 shares of the business’s stock in a transaction 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 sale, the director owned 12,194 shares in the company, valued at approximately $1,527,908.20. This trade represents a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.11% of the company’s stock.

Key Citigroup News

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 Price Performance

C opened at $139.93 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $238.67 billion, a P/E ratio of 17.34, a PEG ratio of 0.60 and a beta of 1.11. The stock has a 50-day moving average price of $132.28 and a 200-day moving average price of $121.75. Citigroup Inc. has a 12-month low of $85.48 and a 12-month high of $147.96.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. The business had revenue of $24.63 billion for 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%.The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 EPS. Equities analysts predict that Citigroup Inc. will post 10.83 earnings per share for the current fiscal year.

Citigroup declared that its Board of Directors has authorized a stock buyback program on Thursday, May 7th that allows the company to buyback $30.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 13.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Piper Sandler reiterated an “overweight” rating and issued a $145.00 price objective (up from $125.00) on shares of Citigroup in a research note on Wednesday, April 15th. Wells Fargo & Company lifted their target price on Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Truist Financial raised their target price on Citigroup from $147.00 to $158.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Evercore set a $139.00 price target on Citigroup in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.62.

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.