Aster Capital Management DIFC Ltd Sells 15,317 Shares of Citigroup Inc. $C

Aster Capital Management DIFC Ltd trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 73.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,607 shares of the company’s stock after selling 15,317 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Citigroup were worth $654,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. bought a new stake in Citigroup during the fourth quarter valued at approximately $28,000. Dunhill Financial LLC grew its position in Citigroup by 92.2% during the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock valued at $32,000 after buying an additional 153 shares during the period. Luken Investment Analytics LLC bought a new stake in Citigroup during the fourth quarter valued at approximately $32,000. High Note Wealth LLC grew its position in Citigroup by 107.7% during the fourth 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 period. Finally, Entrust Financial LLC bought a new stake in Citigroup during the fourth quarter valued at approximately $34,000. 71.72% of the stock is currently owned by institutional investors.

Insider Activity at Citigroup

In other news, insider Edward Skyler sold 25,000 shares of the business’s stock in a transaction 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 transaction, the insider owned 182,022 shares of the company’s stock, valued at approximately $23,919,511.02. The trade was a 12.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of the business’s stock in a transaction 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 transaction, the director directly owned 12,194 shares in the company, valued at $1,527,908.20. This trade represents a 14.79% decrease in their position. The SEC filing for this sale provides additional information. 0.11% of the stock is owned by insiders.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s CFO reportedly outlined revenue growth expectations above analyst forecasts, while the bank’s push into blockchain-based trading for private equity has reinforced optimism about its long-term growth opportunities.
• Positive Sentiment: Jim Cramer said he was “very bullish” on Citigroup, adding to upbeat sentiment around the stock and the leadership team. Article: Jim Cramer on Citigroup: “Very Bullish”
• Positive Sentiment: Citigroup completed the sale of its Polish consumer banking business, marking the final exit from its non-core international consumer banking operations and signaling continued progress on simplification and capital focus. Article: C Sheds Polish Arm, Marks Final Exit From Nore-Core Consumer Business
• Positive Sentiment: Market commentary noted that Citigroup has been showing strong momentum, with investors rotating toward defensive financials and some trade structures targeting further upside while limiting downside risk. Article: Bullish Spread Targets Citigroup Stock Momentum With Limited Risk
• Neutral Sentiment: Citi was also mentioned in broader financial-news coverage, including a comparison of bank stocks and a note that Jane Fraser remains a highly visible industry leader. These items may support the stock’s profile, but they are less direct catalysts.
• Negative Sentiment: One Citi research note cut Brent crude forecasts, which could be a modest headwind for energy-related trading and macro expectations, though the impact on Citigroup shares appears limited. Article: Citi cuts Brent forecasts as U.S.-Iran MoU points to Strait of Hormuz flow normalization

Citigroup Price Performance

Shares of NYSE:C opened at $141.18 on Tuesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 1-year low of $76.95 and a 1-year high of $143.56. The company has a market capitalization of $240.80 billion, a P/E ratio of 17.49, a P/E/G ratio of 0.62 and a beta of 1.12. The firm’s 50 day simple moving average is $127.86 and its two-hundred day simple moving average is $118.47.

Citigroup (NYSE:C) last issued its quarterly earnings results 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. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The business had revenue of $24.63 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Research analysts expect that Citigroup Inc. will post 10.68 EPS for the current fiscal year.

Citigroup declared that its board has approved a stock repurchase program on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.40 annualized dividend and a yield of 1.7%. Citigroup’s payout ratio is currently 29.74%.

Analyst Ratings Changes

C has been the subject of several recent research reports. Truist Financial set a $147.00 target price on shares of Citigroup in a research report on Friday, May 1st. Piper Sandler restated an “overweight” rating and set a $145.00 target price (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. Royal Bank Of Canada restated an “outperform” rating and set a $139.00 target price on shares of Citigroup in a research report on Wednesday, April 15th. The Goldman Sachs Group boosted their target price on shares of Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Finally, Keefe, Bruyette & Woods boosted their target price 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. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.62.

About Citigroup

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.