Waycross Partners LLC Decreases Stock Position in Citigroup Inc. $C

Waycross Partners LLC lessened its stake in shares of Citigroup Inc. (NYSE:C) by 16.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 305,669 shares of the company’s stock after selling 61,688 shares during the period. Citigroup accounts for approximately 3.3% of Waycross Partners LLC’s holdings, making the stock its 12th biggest position. Waycross Partners LLC’s holdings in Citigroup were worth $34,666,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in C. Norges Bank purchased a new stake in shares of Citigroup in the fourth quarter worth about $2,800,944,000. Vanguard Group Inc. boosted its stake in Citigroup by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock valued at $19,048,467,000 after buying an additional 4,938,923 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in Citigroup during the 4th quarter valued at approximately $298,082,000. SEB Asset Management AB purchased a new position in Citigroup during the 1st quarter valued at approximately $252,972,000. Finally, SG Americas Securities LLC increased its stake in Citigroup by 291.4% in the 4th quarter. SG Americas Securities LLC now owns 1,319,549 shares of the company’s stock worth $153,978,000 after acquiring an additional 2,008,946 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insider Buying and Selling

In other Citigroup news, 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 transaction, the director owned 12,194 shares in the company, valued at $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is owned by insiders.

Citigroup Price Performance

Shares of Citigroup stock opened at $129.46 on Monday. The stock has a market cap of $220.81 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 0.59 and a beta of 1.11. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day moving average price of $134.34 and a 200-day moving average price of $123.36. Citigroup Inc. has a one year low of $87.94 and a one year high of $147.96.

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

Citigroup declared that its board has approved a share repurchase program on Thursday, May 7th that permits the company to buyback $30.00 billion in shares. This buyback authorization permits the company to purchase up to 13.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

More 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?

Analysts Set New Price Targets

C has been the subject of a number of research reports. Morgan Stanley increased their target price on Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. UBS Group upped their price target on shares of Citigroup from $134.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Truist Financial lowered their price objective on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. The Goldman Sachs Group lifted their price objective on shares of Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.67.

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.