AE Wealth Management LLC Sells 39,014 Shares of Citigroup Inc. $C

Key Points

• Q1 earnings beat: Citigroup reported EPS of $3.06 and revenue of $24.63 billion (up ~14%), led by a trading surge, which spurred analyst upgrades and higher price targets.
• AE Wealth Management trimmed its stake in Citigroup by 11.9%, selling 39,014 shares and leaving it with 287,750 shares valued at about $33.58 million.
• Insider Cantu Ernesto Torres sold 43,173 shares for roughly $4.8 million (a 48.5% reduction in their holding), and Citi announced a quarterly dividend of $0.60 per share (1.9% yield; ex-dividend May 4).

AE Wealth Management LLC trimmed its position in Citigroup Inc. (NYSE:C - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,750 shares of the company's stock after selling 39,014 shares during the quarter. AE Wealth Management LLC's holdings in Citigroup were worth $33,578,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wolff Wiese Magana LLC lifted its position in Citigroup by 87.6% during the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company's stock valued at $26,000 after purchasing an additional 120 shares during the last quarter. Maseco LLP bought a new position in shares of Citigroup during the 4th quarter valued at about $35,000. MH & Associates Securities Management Corp ADV purchased a new position in shares of Citigroup during the 4th quarter valued at about $35,000. Dunhill Financial LLC boosted its stake in Citigroup by 92.2% in the third quarter. Dunhill Financial LLC now owns 319 shares of the company's stock worth $32,000 after buying an additional 153 shares in the last quarter. Finally, Guerra Advisors Inc purchased a new stake in Citigroup in the third quarter worth approximately $33,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q1 earnings beat and trading surge — Citigroup reported stronger-than-expected Q1 results (EPS $3.06; revenue up ~14%), with fixed-income/trading revenues propelling the highest quarterly revenue in years. That beat is the primary driver of the recent rally and analyst upgrades. Article Title
• Positive Sentiment: Analyst upgrades and price-target increases — Multiple firms have raised ratings and targets after the Q1 beat, lifting investor sentiment and underpinning the stock’s strength. Upgrades/target bumps support further upside expectations. Article Title
• Positive Sentiment: IFC/Citi $98M facility in South Africa — Citigroup joined IFC to launch a $98M facility to reduce local-currency risk for South African borrowers, extending Citi’s franchise and fee/investment relationships in EM markets. This is a tactical growth/relationship win in institutional and sovereign business. Article Title
• Positive Sentiment: Bullish market positioning — Unusually large call-option volume and social-media chatter celebrating trading gains indicate elevated investor bullishness and momentum flows into the stock. (Signals support near-term interest but can amplify volatility.)
• Neutral Sentiment: Macro backdrop — Weekly jobless claims came in below expectations, a positive macro print that generally supports bank earnings via stronger consumer activity and trading volume, but it also complicates rate outlooks. Article Title
• Neutral Sentiment: Private-credit exposure disclosure — Citi reported ~$22B of private-credit exposure; the number is notable but within the range disclosed by peers and accompanied by loss-absorption commentary, so it’s a watch item rather than an immediate red flag. Article Title
• Negative Sentiment: Insider selling and profit-taking after big run-up — Recent filings show insider sales and large one-year outperformance (~+110% Y/Y cited in social summaries); those factors, plus thinner-than-average volume today, point to profit-taking and supply pressure weighing on the stock. Article Title

Insider Transactions at Citigroup

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the company's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the completion of the transaction, the insider owned 45,835 shares of the company's stock, valued at $5,091,810.15. This represents a 48.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

C has been the topic of several research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Citigroup in a research note on Wednesday, January 21st. Piper Sandler reaffirmed an "overweight" rating and set a $145.00 target price (up from $125.00) on shares of Citigroup in a report on Wednesday. Wells Fargo & Company lifted their target price on shares of Citigroup from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday. Morgan Stanley boosted their price target on shares of Citigroup from $140.00 to $144.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Truist Financial raised their price objective on Citigroup from $133.00 to $139.00 and gave the company a "buy" rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $135.94.

Citigroup Trading Down 1.8%

NYSE:C opened at $129.37 on Friday. The firm has a market capitalization of $221.85 billion, a P/E ratio of 16.03, a P/E/G ratio of 0.67 and a beta of 1.11. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 1.59. The company has a fifty day moving average of $114.39 and a 200 day moving average of $109.97. Citigroup Inc. has a 52 week low of $61.84 and a 52 week high of $132.86.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.43. The firm had revenue of $24.63 billion for 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 company's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.96 earnings per share. On average, research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, May 4th. Citigroup's payout ratio is currently 34.43%.

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.

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