PFG Investments LLC Increases Stock Holdings in Citigroup Inc. $C

PFG Investments LLC lifted its position in shares of Citigroup Inc. (NYSE:C) by 14.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 32,609 shares of the company’s stock after acquiring an additional 4,012 shares during the period. PFG Investments LLC’s holdings in Citigroup were worth $3,698,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, insider Edward Skyler sold 25,000 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the transaction, the insider directly owned 182,022 shares in the company, valued at approximately $23,919,511.02. This represents a 12.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of the sale, the director directly owned 12,194 shares in the company, valued at approximately $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.11% of the company’s stock.

Citigroup Trading Down 0.0%

Shares of C opened at $139.93 on Friday. Citigroup Inc. has a fifty-two week low of $85.48 and a fifty-two week high of $147.96. The company has a market capitalization of $238.67 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11. The stock has a fifty day moving average of $132.49 and a two-hundred day moving average of $121.88. 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 (NYSE:C) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.96 earnings per share. As a group, analysts forecast that Citigroup Inc. will post 10.83 EPS for the current year.

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

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup remains in focus heading into the next bank earnings cycle, with analysts noting that expectations for the financial sector have been steadily improving and that large banks like Citi will help kick off reporting later this month. This keeps attention on whether Citi can extend its recent earnings momentum. Article Title
• Positive Sentiment: Citigroup recently announced a leadership addition in wealth management, appointing Michael Yannell to lead hedge funds within its alternatives platform. The move suggests Citi is expanding higher-fee wealth offerings to meet client demand, which may support revenue growth. Article Title
• Neutral Sentiment: Citi also made news for trimming its bitcoin and ether price targets, reflecting a more cautious stance on crypto demand and delayed US regulation. This is more of a sentiment call on digital assets than a direct catalyst for Citigroup shares. Article Title
• Negative Sentiment: Citi warned that oil could slump to $60 a barrel as Middle East supply fears fade, which reinforces a more bearish macro view from the bank’s research team. While not directly tied to Citi’s core earnings, the call can weigh on market sentiment around its commodity and trading outlook. Article Title

Wall Street Analysts Forecast Growth

C has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price target on Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $139.00 price objective on shares of Citigroup in a research note on Wednesday, April 15th. Piper Sandler reissued an “overweight” rating and issued a $145.00 target price (up from $125.00) on shares of Citigroup in a research note on Wednesday, April 15th. Truist Financial boosted their target price on shares of Citigroup from $147.00 to $158.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Barclays upped their target price on shares of Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.62.

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.