Citigroup Inc. $C Position Reduced by Hedeker Wealth LLC

Key Points

• Hedeker Wealth LLC cut its Citigroup stake by 19.6% in Q4, selling 17,999 shares and leaving it with 73,956 shares worth $8.63 million (Citigroup is 1.8% of the firm's portfolio and its 18th largest holding).
• Analysts remain broadly positive with a MarketBeat consensus of "Moderate Buy" and an average price target of $127.41, while Citigroup's upcoming Q1 earnings (April 14) and reported AI‑driven efficiency gains are cited as near‑term catalysts.
• Insider Cantu Ernesto Torres sold 43,173 shares (a 48.5% reduction) for about $4.8 million, and the company announced a quarterly dividend of $0.60 (1.9% yield; ex‑dividend May 4, payable May 22).

Hedeker Wealth LLC cut its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 19.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,956 shares of the company's stock after selling 17,999 shares during the quarter. Citigroup accounts for 1.8% of Hedeker Wealth LLC's portfolio, making the stock its 18th largest position. Hedeker Wealth LLC's holdings in Citigroup were worth $8,630,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Brookstone Capital Management lifted its position in shares of Citigroup by 31.5% in the third quarter. Brookstone Capital Management now owns 75,914 shares of the company's stock worth $7,705,000 after purchasing an additional 18,176 shares in the last quarter. Permanent Capital Management LP purchased a new stake in shares of Citigroup in the third quarter worth approximately $1,238,000. Donaldson Capital Management LLC purchased a new stake in shares of Citigroup in the third quarter worth approximately $58,994,000. Penobscot Investment Management Company Inc. lifted its position in shares of Citigroup by 61.5% in the third quarter. Penobscot Investment Management Company Inc. now owns 57,033 shares of the company's stock worth $5,789,000 after purchasing an additional 21,720 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its position in shares of Citigroup by 27.2% in the third quarter. Perigon Wealth Management LLC now owns 75,566 shares of the company's stock worth $7,670,000 after purchasing an additional 16,171 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Oppenheimer reduced their price target on shares of Citigroup from $144.00 to $132.00 and set an "outperform" rating for the company in a research report on Friday, March 27th. Truist Financial increased their price target on shares of Citigroup from $123.00 to $129.00 and gave the stock a "buy" rating in a research report on Tuesday, January 6th. Morgan Stanley set a $152.00 price target on shares of Citigroup in a research report on Tuesday, February 17th. Wolfe Research reissued an "outperform" rating and issued a $141.00 price target on shares of Citigroup in a research report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $118.00 to $131.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $127.41.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi highlights cost and efficiency gains from AI: management says AI has cut account‑opening times (about 1 hour) and is being used to modernize legacy systems — a tangible cost/productivity catalyst that can support margins and customer onboarding growth. Citigroup using AI to speed account openings
• Positive Sentiment: Street support: Goldman Sachs recently raised its price target on C to $137 (Buy), signaling analyst optimism into the April earnings print and providing upside to sentiment/flows. Goldman Sachs Raises Citigroup (C) Target Ahead of Q1 Banking Readout
• Positive Sentiment: Research/product tailwind: Citi published a bullish ETF market outlook (U.S. ETF AUM could top $25T by 2030) — a thematic win for prime brokerage, markets, custody and fee pools where Citi participates. Citi sees US ETF assets topping $25 trillion by 2030 as active funds gain ground
• Neutral Sentiment: Q1 earnings calendar risk/reward: Citigroup reports Q1 results on April 14; consensus expectations and preview pieces highlight strong revenue/profit momentum but also flag items investors will watch (trading revenue, investment banking, expenses). Earnings are the immediate catalyst. Citigroup Set to Report Q1 Earnings: How to Approach the Stock Now?
• Neutral Sentiment: Price action context: the shares recently hit a 52‑week high — momentum that can amplify both buying and near‑term profit‑taking ahead of the print. Citigroup stock reaches 52-week high at 125.17 USD
• Neutral Sentiment: Analyst model tweaks: some firms (e.g., Erste Group) have nudged FY26 estimates higher, reflecting improved revenue mix and rate environment — supports the case for modest upward revisions but not guaranteed until earnings/guidance. Citigroup FY2026 EPS Estimate Raised by Erste Group Bank
• Negative Sentiment: Cyber/AI model risk flagged by regulators: U.S. Treasury and Fed held an “urgent” meeting with major banks about potential cyber threats tied to advanced AI models (Anthropic’s Mythos). Heightened regulatory scrutiny and security spend could raise costs and operational risk. Feds Warn Major Banks of Anthropic Mythos Cyber Threat
• Negative Sentiment: Macro and credit watch: previews and analyst notes flag rising costs and potential asset‑quality pressures (loan loss trends, regional exposures, and rate‑sensitive credit) as key downsides that could weigh on near‑term results and multiple expansion. What Can Investors Expect from Bank Earnings?

Insider Buying and Selling

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the firm's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $111.09, for a total value of $4,796,088.57. Following the completion of the transaction, the insider directly owned 45,835 shares of the company's stock, valued at $5,091,810.15. This trade represents a 48.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.

Citigroup Trading Down 0.5%

NYSE:C opened at $124.32 on Friday. Citigroup Inc. has a 52 week low of $59.92 and a 52 week high of $125.48. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.00 and a current ratio of 1.00. The stock's 50 day moving average price is $113.39 and its 200 day moving average price is $109.27. The company has a market capitalization of $213.20 billion, a P/E ratio of 17.84, a P/E/G ratio of 0.64 and a beta of 1.11.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.16. The company had revenue of $19.87 billion during the quarter, compared to analysts' expectations of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.Citigroup's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 earnings per share. On average, research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, May 4th. Citigroup's dividend payout ratio (DPR) is 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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