Fideuram Asset Management Ireland dac Takes $8.88 Million Position in Citigroup Inc. $C

Key Points

• Fideuram Asset Management Ireland dac opened a new position in Citigroup during the fourth quarter, buying 76,075 shares valued at about $8.88 million.
• Institutional ownership of Citigroup remains very high at 71.72%, with major investors like Vanguard, Capital World Investors, and Geode Capital Management all increasing their stakes.
• Citigroup has been supported by strong fundamentals and sentiment: it beat last quarter’s earnings and revenue estimates, raised analyst price targets, and recently authorized a $30 billion share repurchase program alongside a quarterly dividend.

Fideuram Asset Management Ireland dac acquired a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 76,075 shares of the company's stock, valued at approximately $8,877,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Citigroup by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company's stock valued at $19,048,467,000 after buying an additional 4,938,923 shares in the last quarter. Capital World Investors raised its position in shares of Citigroup by 6.5% during the 3rd quarter. Capital World Investors now owns 47,262,626 shares of the company's stock valued at $4,797,292,000 after buying an additional 2,871,074 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Citigroup by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company's stock valued at $5,036,712,000 after buying an additional 189,548 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Citigroup by 2.6% during the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company's stock valued at $3,954,307,000 after buying an additional 846,772 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Citigroup by 1.8% during the 3rd quarter. Franklin Resources Inc. now owns 32,870,559 shares of the company's stock valued at $3,336,362,000 after buying an additional 580,027 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analyst commentary points to Citigroup’s revenue growth potential through 2026, driven by loan demand, private credit expansion, and continued restructuring/transformation progress. Top Research Reports for Citigroup, TotalEnergies & AppLovin
• Positive Sentiment: Recent earnings momentum remains a tailwind: Citigroup beat consensus expectations last quarter and posted double-digit revenue growth year over year, reinforcing the case that the turnaround is gaining traction.
• Positive Sentiment: Wall Street sentiment remains favorable overall, with recent buy/overweight ratings and several higher price targets suggesting analysts still see upside in Citigroup (C).
• Neutral Sentiment: Several articles compared Citigroup’s performance with peers such as Goldman Sachs and BGC Group, but these were mostly valuation and relative-performance discussions rather than new fundamental developments. Goldman vs. Citigroup: Which Financial Giant Should You Pick Now?
• Neutral Sentiment: Social-media chatter around the stock largely focused on Citi’s recent earnings beat and sector strength, but did not introduce a materially new catalyst.

Analyst Ratings Changes

C has been the topic of several research reports. Piper Sandler restated 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. Evercore set a $139.00 target price on shares of Citigroup in a research report on Wednesday, April 15th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $139.00 target price on shares of Citigroup in a research report on Wednesday, April 15th. Truist Financial set a $147.00 target price on shares of Citigroup in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Citigroup from $131.00 to $135.50 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $137.62.

Citigroup Price Performance

Shares of Citigroup stock opened at $124.76 on Friday. The firm has a market cap of $212.79 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14. Citigroup Inc. has a 12-month low of $74.30 and a 12-month high of $135.29. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.59. The company's fifty day simple moving average is $122.55 and its two-hundred day simple moving average is $115.62.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (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 net margin of 9.35% and a return on equity of 9.19%. The company's revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.96 EPS. As a group, equities analysts expect that Citigroup Inc. will post 10.68 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend 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 announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 7th that authorizes the company to buyback $30.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 13.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its stock is undervalued.

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 shares were sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the sale, the insider owned 182,022 shares of the company's stock, valued at approximately $23,919,511.02. The trade was a 12.08% decrease in their position. The sale 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 shares were sold at an average price of $125.30, for a total transaction of $265,260.10. Following the sale, the director directly owned 12,194 shares in the company, valued at $1,527,908.20. The trade was a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. 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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