Citigroup Inc. $C Shares Sold by Yousif Capital Management LLC

Key Points

• Yousif Capital Management trimmed its stake in Citigroup by 9.0%, selling 23,272 shares and leaving it with 234,262 shares worth about $26.43 million.
• Citigroup beat EPS estimates ($1.81 vs. $1.65) but missed revenue expectations ($19.87B vs. $20.99B), and declared a quarterly dividend of $0.60 per share (ex-dividend May 4, payable May 22), a 2.1% yield.
• Insider Cantu Ernesto Torres sold 43,173 shares for roughly $4.8 million (a 48.5% reduction in his holding), while analysts' consensus remains a Moderate Buy with an average price target of $127.41.

Yousif Capital Management LLC decreased its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 234,262 shares of the company's stock after selling 23,272 shares during the quarter. Yousif Capital Management LLC's holdings in Citigroup were worth $26,425,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of C. Wolff Wiese Magana LLC lifted its holdings in shares of Citigroup by 87.6% during the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company's stock worth $26,000 after purchasing an additional 120 shares during the period. Dunhill Financial LLC lifted its holdings in Citigroup by 92.2% in the third quarter. Dunhill Financial LLC now owns 319 shares of the company's stock valued at $32,000 after acquiring an additional 153 shares during the period. Guerra Advisors Inc acquired a new position in Citigroup in the third quarter valued at approximately $33,000. Capital A Wealth Management LLC acquired a new position in Citigroup in the second quarter valued at approximately $38,000. Finally, Cloud Capital Management LLC acquired a new position in Citigroup in the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Stock Down 0.4%

Shares of C opened at $116.84 on Wednesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.00 and a current ratio of 1.00. Citigroup Inc. has a one year low of $56.07 and a one year high of $125.16. The stock has a market capitalization of $204.40 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 0.74 and a beta of 1.11. The stock has a 50 day moving average price of $112.83 and a 200 day moving average price of $108.87.

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

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors 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 2.1%. The ex-dividend date is Monday, May 4th. Citigroup's payout ratio is presently 34.43%.

Insider Activity at Citigroup

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the business'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 sale, the insider directly owned 45,835 shares in the company, valued at approximately $5,091,810.15. The trade was a 48.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on C. JPMorgan Chase & Co. decreased their price target on Citigroup from $134.00 to $131.00 and set an "overweight" rating for the company in a report on Tuesday. Wells Fargo & Company set a $150.00 price target on Citigroup in a report on Monday, January 5th. Wolfe Research reissued an "outperform" rating and issued a $141.00 price target on shares of Citigroup in a report on Wednesday, January 7th. Piper Sandler set a $135.00 price target on Citigroup in a report on Thursday, January 15th. Finally, Jefferies Financial Group began coverage on Citigroup in a report on Thursday, March 26th. They issued a "buy" rating and a $135.00 price target for the company. One research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $127.41.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Goldman Sachs raised its price target on Citigroup to $137 and kept a Buy stance — a prominent shop increasing its target can attract flows and give the stock near-term upside. The Goldman Sachs Group Raises Citigroup Price Target
• Positive Sentiment: Axis Capital extended a $300M credit facility with Citibank Europe — a direct commercial banking revenue and relationship win that supports fee and lending activity in EMEA. Axis Capital Extends Credit Facility With Citibank Europe
• Positive Sentiment: Market commentary highlighting Citigroup’s macro call — Citi has pushed out its forecast for Fed rate cuts to September, implying a longer period of higher rates that typically boosts bank net interest income. That research-driven narrative is supportive for bank earnings expectations. Citigroup Delays Fed Rate Cut Timeline to September
• Neutral Sentiment: Citi is pushing to grow its wealth-management franchise and recruit bankers to close gaps with rivals — a strategic positive long term but likely involves near-term hiring costs and execution risk. Citi Races to Close Gap With Rivals in Wealth
• Neutral Sentiment: Street expectations and previews (Zacks, Seeking Alpha) position Citi for a solid Q1 — that sets up potential upside if results beat, but also raises the bar for the report. Citigroup Earnings Preview (Zacks)
• Negative Sentiment: JPMorgan trimmed its price target modestly (from $134 to $131) despite keeping an Overweight rating — a small analyst downgrade that can temper some upside momentum. JPMorgan Lowers Citigroup Price Target
• Negative Sentiment: Ongoing geopolitical risk in the Middle East keeps market volatility and trading headwinds elevated, which can pressure investment-banking and markets revenue for large global banks like Citi even as higher rates help NII. Fragile U.S.-Iran Ceasefire Sparks Market Relief (CNBC)

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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