Citigroup Inc. $C Shares Acquired by Assetmark Inc.

Key Points

• Assetmark Inc. raised its Citigroup stake by 7.3% in Q4, buying 21,787 shares to hold 321,366 shares valued at about $37.5 million.
• Citigroup beat Q1 expectations with EPS of $3.06 versus $2.63 and revenue of $24.63 billion (vs. $22.96B), with profit up roughly 42% driven by higher trading revenue, investment‑banking fees and stronger net interest income.
• The bank announced a quarterly dividend of $0.60 per share (annualized $2.40), with an ex‑dividend date of May 4 and payment on May 22, implying a yield of about 1.9%.

Assetmark Inc. lifted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 321,366 shares of the company's stock after purchasing an additional 21,787 shares during the quarter. Assetmark Inc.'s holdings in Citigroup were worth $37,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Patten Group Inc. grew its holdings in shares of Citigroup by 7.7% during the 4th quarter. Patten Group Inc. now owns 5,374 shares of the company's stock worth $627,000 after purchasing an additional 386 shares during the period. JM2 Capital Inc. purchased a new position in shares of Citigroup during the 4th quarter worth $871,000. Third View Private Wealth LLC purchased a new position in shares of Citigroup during the 4th quarter worth $476,000. Legacy Bridge LLC purchased a new position in shares of Citigroup during the 4th quarter worth $56,000. Finally, RFG Holdings Inc. purchased a new position in shares of Citigroup during the 4th quarter worth $222,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Price Performance

C stock opened at $129.68 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $222.39 billion, a P/E ratio of 18.61, a P/E/G ratio of 0.65 and a beta of 1.11. The business's 50-day moving average is $113.82 and its two-hundred day moving average is $109.68. Citigroup Inc. has a 1 year low of $61.30 and a 1 year high of $130.99.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $24.63 billion for the quarter, compared to analyst estimates of $22.96 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 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 EPS. Analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, May 4th. Citigroup's dividend payout ratio (DPR) is 34.43%.

Insider Buying and Selling at Citigroup

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the firm's stock in a transaction dated 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 sale, the insider owned 45,835 shares of the company's stock, valued at approximately $5,091,810.15. This trade represents a 48.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

C has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on Citigroup from $123.00 to $137.00 and gave the stock a "buy" rating in a report on Monday, April 6th. Weiss Ratings restated a "buy (b)" rating on shares of Citigroup in a report on Wednesday, January 21st. Oppenheimer lowered their target price on Citigroup from $144.00 to $132.00 and set an "outperform" rating for the company in a report on Friday, March 27th. Barclays raised their target price on Citigroup from $115.00 to $146.00 and gave the company an "overweight" rating in a report on Monday, January 5th. Finally, Wells Fargo & Company set a $150.00 target price on Citigroup in a report on Monday, January 5th. One 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.41.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q1 earnings beat — Citi reported EPS $3.06 and revenue $24.63B, driven by higher trading revenue, investment‑banking fees and stronger NII; results and commentary are the primary driver behind the rally. Citigroup Q1 Earnings Top Estimates
• Positive Sentiment: Profit jump / market commentary — Reuters and other outlets highlighted a ~42% jump in Q1 profit as market volatility lifted trading revenue and dealmaking boosted fees, reinforcing investor optimism. Citi profit jumps 42% (Reuters)
• Positive Sentiment: Emerging‑market financing partnership — IFC and Citigroup signed a 1.6 billion rand (~$98M) local‑currency borrowing facility to expand rand financing in South Africa, supporting Citi’s global emerging‑markets franchise. IFC, Citigroup sign rand facility
• Positive Sentiment: Positive market commentary / analyst attention — High‑profile bullish mentions (e.g., Jim Cramer) and Citi strategists’ market calls have reinforced investor sentiment around Citi and the bank group this week. Jim Cramer: People like Citi
• Neutral Sentiment: Regulatory/filing update — Citi issued participation notifications and routine disclosures; these are housekeeping items that don’t materially alter fundamentals but are worth monitoring. Participation notifications (GlobeNewswire)
• Neutral Sentiment: Portfolio moves — Citigroup entities notified an exit from a substantial‑holder position in Weebit Nano (small, isolated portfolio action that is unlikely to affect Citi’s core business). Citigroup exits Weebit position
• Negative Sentiment: Industry NIM pressure & analyst cuts — Several reports note banks face pressure on net interest margins from high funding costs and slowing deposit growth; analysts have trimmed bank earnings/targets, a possible headwind for forward estimates. Bank stocks under pressure on NIM concerns
• Negative Sentiment: Rising wholesale inflation — March PPI hit multi‑year highs, which can push costs and margin volatility across the economy; higher inflation and rates could create headwinds for credit costs, funding and expense growth. March Headline PPI highest in 3 years

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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