Eurizon Capital SGR S.p.A. Invests $298.08 Million in Citigroup Inc. $C

Key Points

• Eurizon Capital SGR S.p.A. opened a new position in Citigroup during the fourth quarter, buying 2.55 million shares worth about $298.1 million. The stake represents about 0.14% of Citigroup and makes it Eurizon’s 15th-largest holding.
• Citigroup recently reported better-than-expected quarterly results, posting EPS of $3.06 on revenue of $24.63 billion, both above analyst estimates. Revenue rose 14.1% year over year, and analysts now expect full-year EPS of 10.68.
• The bank continues rewarding shareholders with a $0.60 quarterly dividend and a newly approved $30 billion share repurchase program. Analysts remain broadly positive, with an average rating of “Moderate Buy” and an average price target of $137.62.

Eurizon Capital SGR S.p.A. bought a new position in Citigroup Inc. (NYSE:C - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,552,855 shares of the company's stock, valued at approximately $298,082,000. Citigroup accounts for about 0.9% of Eurizon Capital SGR S.p.A.'s holdings, making the stock its 15th largest holding. Eurizon Capital SGR S.p.A. owned about 0.14% of Citigroup as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of C. Elmwood Wealth Management Inc. boosted its position in Citigroup by 1.3% during the fourth quarter. Elmwood Wealth Management Inc. now owns 6,845 shares of the company's stock valued at $799,000 after purchasing an additional 85 shares during the last quarter. Park Place Capital Corp boosted its position in Citigroup by 16.7% during the fourth quarter. Park Place Capital Corp now owns 595 shares of the company's stock valued at $69,000 after purchasing an additional 85 shares during the last quarter. D.B. Root & Company LLC boosted its position in Citigroup by 2.8% during the fourth quarter. D.B. Root & Company LLC now owns 3,191 shares of the company's stock valued at $372,000 after purchasing an additional 87 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in Citigroup by 0.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 10,393 shares of the company's stock valued at $1,213,000 after purchasing an additional 87 shares during the last quarter. Finally, N.E.W. Advisory Services LLC boosted its position in Citigroup by 14.9% during the fourth quarter. N.E.W. Advisory Services LLC now owns 703 shares of the company's stock valued at $82,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Trading Up 0.8%

Citigroup stock opened at $125.73 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99. The business's 50-day simple moving average is $122.89 and its 200-day simple moving average is $115.69. The firm has a market capitalization of $214.44 billion, a PE ratio of 15.58, a PEG ratio of 0.56 and a beta of 1.14. Citigroup Inc. has a 52 week low of $74.30 and a 52 week high of $135.29.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.43. The business had revenue of $24.63 billion for the quarter, compared to analyst estimates of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The firm's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 earnings per share. Equities research analysts forecast that Citigroup Inc. will post 10.68 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were paid a $0.60 dividend. The ex-dividend date was Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. Citigroup's payout ratio is presently 29.74%.

Citigroup declared that its board has approved a share repurchase program on Thursday, May 7th that allows the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 13.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s latest quarter beat expectations, with EPS of $3.06 versus $2.63 expected and revenue of $24.63 billion topping estimates, reinforcing confidence in the bank’s earnings momentum.
• Positive Sentiment: Recent coverage highlights Citigroup’s growth drivers, including loan demand, private credit expansion, and ongoing transformation efforts that analysts say could support revenue growth through 2026. Top Research Reports for Citigroup, TotalEnergies & AppLovin
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple firms maintaining Buy/Overweight ratings and recent price targets clustering well above the current trading range, suggesting room for further upside.
• Positive Sentiment: News that Citigroup is concentrating more wealth-management hiring in Asia points to a strategic push into a faster-growing, more productive market segment. Citigroup Inc. (C) Anchors Wealth Hiring in Asia
• Neutral Sentiment: Several articles also note Citigroup’s stock has been broadly outperforming some financial peers this year, but these pieces are more comparison-focused than catalyst-driven. Is Citigroup (C) Stock Outpacing Its Finance Peers This Year?
• Negative Sentiment: Some institutional holdings data show major investors trimming positions, including BlackRock and T. Rowe Price, which may temper enthusiasm despite the stronger operating trends.

Analysts Set New Price Targets

A number of research firms recently issued reports on C. Piper Sandler reissued an "overweight" rating and set a $145.00 price objective (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. Truist Financial set a $147.00 price objective on Citigroup in a research report on Friday, May 1st. Jefferies Financial Group began coverage on Citigroup in a research report on Thursday, March 26th. They set a "buy" rating and a $135.00 price objective for the company. Zacks Research cut Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $139.00 price objective on shares of Citigroup in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $137.62.

Insider Transactions at Citigroup

In other news, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total value of $3,285,250.00. Following the transaction, the insider directly owned 182,022 shares in the company, valued at approximately $23,919,511.02. The trade was a 12.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of the transaction, the director owned 12,194 shares in the company, valued at $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.11% of the company's stock.

Citigroup Company 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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