Patton Fund Management Inc. Increases Stock Position in Citigroup Inc. $C

Patton Fund Management Inc. raised its stake in Citigroup Inc. (NYSE:C) by 1,260.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 28,734 shares of the company’s stock after purchasing an additional 26,622 shares during the period. Patton Fund Management Inc.’s holdings in Citigroup were worth $3,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Citigroup by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after buying an additional 4,938,923 shares during the period. Capital World Investors boosted its holdings in shares of Citigroup by 6.5% in the third quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock valued at $4,797,292,000 after acquiring an additional 2,871,074 shares during the period. Geode Capital Management LLC grew its position in shares of Citigroup by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock worth $5,036,712,000 after acquiring an additional 189,548 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Citigroup by 4.0% during the fourth quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock worth $3,990,422,000 after acquiring an additional 1,326,224 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Citigroup by 2.6% in the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock valued at $3,954,307,000 after acquiring an additional 846,772 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insider Transactions at Citigroup

In other Citigroup news, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total value of $3,285,250.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.11% of the stock is owned by company insiders.

Citigroup Stock Performance

Shares of C opened at $141.68 on Monday. The stock has a market capitalization of $241.65 billion, a P/E ratio of 17.56, a P/E/G ratio of 0.61 and a beta of 1.12. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a 1 year low of $83.81 and a 1 year high of $147.96. The company’s fifty day moving average is $131.55 and its two-hundred day moving average is $120.92.

Citigroup (NYSE:C) last released its earnings results on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.63 by $0.43. The company had revenue of $24.63 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The business’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the business earned $1.96 EPS. On average, sell-side analysts predict that Citigroup Inc. will post 10.8 earnings per share for the current year.

Citigroup announced that its board has approved a share repurchase plan on Thursday, May 7th that allows the company to repurchase $30.00 billion in shares. This repurchase authorization allows the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Citigroup Announces Dividend

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

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s successful 2026 Fed stress test supports a stronger capital position, giving the bank more flexibility for higher dividends and a planned $30 billion share buyback. How Citigroup’s Stress Test Success Strengthens Shareholder Returns
• Positive Sentiment: Analysts expect Citigroup to post double-digit profit growth in the upcoming second-quarter earnings report, which could reinforce the stock’s recent rally if results and guidance come in strong. Citigroup Earnings Preview: What to Expect
• Neutral Sentiment: Market commentary this week also highlighted Citigroup’s broader macro research, including a warning that El Niño could create a new global economic risk through disruption to agriculture, infrastructure, and productivity. Neutral Sentiment:
• Neutral Sentiment: Citigroup was also cited in a stock-picking note on Micron, where the bank said strong memory demand could benefit SanDisk; this is more about Citigroup’s analyst commentary than a direct driver for C shares. Micron is soaring after blowout earnings report. That’s good news for this other memory chipmaker, Citigroup says

Analyst Upgrades and Downgrades

C has been the subject of a number of recent research reports. Wells Fargo & Company increased their price target on shares of Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, June 18th. The Goldman Sachs Group lifted their price objective on shares of Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Jefferies Financial Group initiated coverage on shares of Citigroup in a research note on Thursday, March 26th. They set a “buy” rating and a $135.00 target price for the company. Piper Sandler reissued an “overweight” rating and set a $145.00 price target (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. Finally, Wall Street Zen upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.44.

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.