20,000 Shares in Citigroup Inc. $C Purchased by Cobalt Capital Management Inc.

Key Points

• Cobalt Capital Management disclosed a new fourth-quarter stake in Citigroup, buying 20,000 shares worth about $2.33 million. Citigroup now represents roughly 1.0% of Cobalt’s portfolio.
• Institutional interest in Citigroup remains high, with hedge funds and other investors owning 71.72% of the stock. Several firms recently increased their positions, including Brighton Jones LLC and Osterweis Capital Management.
• Citigroup has strong recent momentum: it beat Q1 earnings expectations, announced a $30 billion share buyback, and paid a quarterly dividend that annualizes to a 1.7% yield. Analysts currently rate the stock a Moderate Buy with a consensus target price of $137.79.

Cobalt Capital Management Inc. bought a new stake in Citigroup Inc. (NYSE:C - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,000 shares of the company's stock, valued at approximately $2,334,000. Citigroup makes up approximately 1.0% of Cobalt Capital Management Inc.'s holdings, making the stock its 20th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in C. Brighton Jones LLC increased its holdings in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after buying an additional 12,499 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Citigroup by 20.5% in the second quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company's stock valued at $835,000 after buying an additional 1,669 shares in the last quarter. United Bank purchased a new position in Citigroup in the second quarter valued at about $972,000. Osterweis Capital Management Inc. increased its holdings in Citigroup by 3,016.7% in the second quarter. Osterweis Capital Management Inc. now owns 935 shares of the company's stock valued at $80,000 after buying an additional 905 shares in the last quarter. Finally, HUB Investment Partners LLC increased its holdings in Citigroup by 26.9% in the second quarter. HUB Investment Partners LLC now owns 15,287 shares of the company's stock valued at $1,301,000 after buying an additional 3,238 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on C. Truist Financial set a $147.00 price target on shares of Citigroup in a research report on Friday, May 1st. Jefferies Financial Group began coverage on shares of Citigroup in a research report on Thursday, March 26th. They issued a "buy" rating and a $135.00 price target on the stock. Zacks Research lowered shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. Oppenheimer reiterated an "outperform" rating and issued a $145.00 price target on shares of Citigroup in a research report on Friday, May 8th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Citigroup in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and a consensus target price of $137.79.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Trading activity showed unusually strong demand for Citigroup call options, suggesting investors are positioning for further upside in the stock.
• Positive Sentiment: Citigroup’s May consumer credit data was mixed but not alarming overall: card delinquencies declined, which may support the view that credit quality remains manageable. Article: Citigroup's Card Delinquencies Decline, Charge-Offs Rise in May
• Positive Sentiment: The stock is still benefiting from recent momentum tied to strong earnings, restructuring progress, AI-related initiatives and share buybacks, which have helped push shares toward multi-year highs. Article: Citigroup Stock at Multi-Year High: Why Investors Should Stay Invested
• Neutral Sentiment: There was also a report that Citigroup had recently gone long on a more constructive market view via an economist’s call for Fed rate cuts, but this is more macro commentary than a direct company catalyst. Article: Citi chief US economist defends unpopular Fed rate-cut call
• Negative Sentiment: Two lawsuits tied to a former executive’s allegations over Trump-related client concerns and retaliation could create legal and reputational risk for Citigroup if the claims gain traction. Article: Citigroup faces lawsuit over alleged Trump-linked account issues

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 2,117 shares of the firm's stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of the firm's stock in a transaction that occurred on 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 sale, the insider owned 182,022 shares in the company, valued at approximately $23,919,511.02. This trade represents a 12.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.11% of the stock is currently owned by company insiders.

Citigroup Stock Up 0.5%

Shares of NYSE C opened at $143.74 on Thursday. Citigroup Inc. has a 1 year low of $77.26 and a 1 year high of $146.54. The firm's 50 day moving average price is $128.94 and its 200 day moving average price is $119.04. The firm has a market cap of $245.16 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 0.64 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 (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.43. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The firm had revenue of $24.63 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter last year, the business earned $1.96 earnings per share. Citigroup's revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Citigroup Inc. will post 10.68 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were given a dividend of $0.60 per share. The ex-dividend date was Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. Citigroup's dividend payout ratio (DPR) is 29.74%.

Citigroup declared that its Board of Directors has authorized a share buyback plan 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 stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

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.

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