Comerica Bank Lowers Holdings in Citigroup Inc. $C

Key Points

• Comerica Bank trimmed its stake in Citigroup by 5.7% in Q4, selling 27,805 shares and leaving it with 460,513 shares valued at about $53.74 million.
• Q1 beat and dividend: Citigroup reported stronger‑than‑expected Q1 results (EPS $3.06 vs. $2.63 est., revenue $24.63B vs. $22.96B), declared a $0.60 quarterly dividend (ex‑div May 4, pay May 22), and has seen analyst price‑target increases supporting the recent rally (consensus target ~$135.94).
• Insider selling: Company insiders have been net sellers recently — including Cantu Ernesto Torres (43,173 shares) and Edward Skyler (25,000 shares) — with insiders selling 92,318 shares in the last 90 days; insiders own about 0.11% of the stock.

Comerica Bank trimmed its holdings in Citigroup Inc. (NYSE:C - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 460,513 shares of the company's stock after selling 27,805 shares during the quarter. Comerica Bank's holdings in Citigroup were worth $53,737,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its holdings in Citigroup by 87.6% in 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. Richards Merrill & Peterson Inc. purchased a new stake in Citigroup in the fourth quarter valued at $28,000. Dunhill Financial LLC raised its position in shares of Citigroup by 92.2% in the third quarter. Dunhill Financial LLC now owns 319 shares of the company's stock worth $32,000 after acquiring an additional 153 shares during the period. Guerra Advisors Inc acquired a new position in shares of Citigroup in the third quarter worth about $33,000. Finally, MH & Associates Securities Management Corp ADV acquired a new position in shares of Citigroup in the fourth quarter worth about $35,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the company's stock in a transaction dated Friday, February 13th. The shares were 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 in the company, 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Skyler sold 25,000 shares of the company's stock in a transaction dated 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 transaction, the insider owned 182,022 shares of the company's stock, valued at approximately $23,919,511.02. This trade represents a 12.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 92,318 shares of company stock valued at $10,764,814. Insiders own 0.11% of the company's stock.

Citigroup Stock Up 0.0%

C opened at $128.03 on Monday. Citigroup Inc. has a twelve month low of $66.72 and a twelve month high of $135.29. 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 50-day moving average price of $115.88 and a 200 day moving average price of $111.47. The company has a market cap of $219.56 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 0.57 and a beta of 1.11.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the prior year, the firm earned $1.96 EPS. The company's revenue for the quarter was up 14.1% on a year-over-year basis. Sell-side analysts expect that Citigroup Inc. will post 10.62 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business 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 1.9%. The ex-dividend date is Monday, May 4th. Citigroup's dividend payout ratio is 29.74%.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q1 beat and AI push: Citi reported stronger‑than‑expected Q1 results and has rolled out an AI advisor product that helped push the stock to a recent 52‑week high; that earnings momentum and tech/wealth strategy are supporting higher valuation expectations. Citigroup hits 52-week high after earnings beat, AI launch
• Positive Sentiment: Analyst upgrades and higher targets: Several sell‑side firms have raised price targets and reiterated constructive views on Citi’s turnaround and capital return potential, which is drawing buyer interest and supporting the stock. Zacks Analyst Blog
• Neutral Sentiment: Notes buyback offer announced: Citigroup Global Markets started offers to purchase several series of Citi notes — a balance‑sheet management action that could be neutral or modestly positive if it reduces interest cost/optimizes capital, but impact depends on execution and funding. Citi Announces Offers to Purchase Notes
• Neutral Sentiment: Exit of Citi entities as substantial holder in a small Australian lithium issuer — procedural/portfolio adjustment by Citi’s Australia unit; likely immaterial to Citi’s core earnings but noted by markets that track institutional flows. Citigroup Entities Exit Substantial Holder Status in Elevra Lithium
• Negative Sentiment: Insider selling: SEC disclosures show Edward Skyler sold 25,000 Citi shares (mid‑April), which can be interpreted as profit‑taking after the rally and may create short‑term selling pressure even if the sale is for personal liquidity. Edward Skyler Sells 25,000 Shares SEC Filing

Wall Street Analyst Weigh In

A number of brokerages have weighed in on C. UBS Group reiterated a "neutral" rating and issued a $132.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. Morgan Stanley upped their price objective on shares of Citigroup from $140.00 to $144.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 15th. The Goldman Sachs Group upped their price objective on shares of Citigroup from $137.00 to $151.00 and gave the stock a "buy" rating in a research report on Wednesday, April 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of Citigroup in a research report on Monday, April 20th. Finally, Zacks Research downgraded shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $135.94.

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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