Highland Capital Management LLC Raises Stake in Citigroup Inc. $C

Key Points

• Highland Capital Management increased its stake in Citigroup by 6.2% in Q4 to 217,753 shares worth $25.41 million, representing about 1.3% of the fund’s portfolio and its 16th largest holding.
• Citigroup beat quarterly expectations, reporting $3.06 EPS vs. $2.63 expected and revenue of $24.63 billion (up 14.1% year‑over‑year), while analysts remain constructive with a consensus "Moderate Buy" and an average price target near $136.79.
• Citigroup declared a $0.60 quarterly dividend (annualized $2.40, ~1.9% yield) payable May 22 with an ex‑dividend date of May 4.

Highland Capital Management LLC grew its stake in Citigroup Inc. (NYSE:C - Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 217,753 shares of the company's stock after acquiring an additional 12,764 shares during the quarter. Citigroup comprises approximately 1.3% of Highland Capital Management LLC's investment portfolio, making the stock its 16th biggest position. Highland Capital Management LLC's holdings in Citigroup were worth $25,410,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. QRG Capital Management Inc. grew its stake in shares of Citigroup by 10.4% in the 4th quarter. QRG Capital Management Inc. now owns 359,249 shares of the company's stock valued at $41,921,000 after buying an additional 33,795 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Citigroup by 16.5% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 20,047 shares of the company's stock valued at $2,339,000 after buying an additional 2,839 shares during the period. Truist Financial Corp raised its position in shares of Citigroup by 4.7% during the 4th quarter. Truist Financial Corp now owns 375,977 shares of the company's stock valued at $43,873,000 after buying an additional 16,744 shares during the period. Altrius Capital Management Inc lifted its holdings in Citigroup by 1.4% in the fourth quarter. Altrius Capital Management Inc now owns 52,222 shares of the company's stock valued at $6,094,000 after acquiring an additional 743 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its position in Citigroup by 4.3% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 7,673 shares of the company's stock worth $895,000 after acquiring an additional 319 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Price Performance

Shares of C opened at $125.58 on Tuesday. The company has a market cap of $215.36 billion, a P/E ratio of 15.56, a PEG ratio of 0.57 and a beta of 1.14. Citigroup Inc. has a fifty-two week low of $69.17 and a fifty-two week 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 firm's 50 day moving average price is $117.01 and its 200 day moving average price is $112.36.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, beating 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 company had revenue of $24.63 billion during the quarter, compared to analysts' expectations of $22.96 billion. During the same quarter last year, the company posted $1.96 EPS. The firm's revenue was up 14.1% compared to the same quarter last year. On average, research analysts forecast that Citigroup Inc. will post 10.66 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, May 4th. Citigroup's payout ratio is presently 29.74%.

Insider Buying and Selling at Citigroup

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the company'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 in the company, valued at $5,091,810.15. This represents a 48.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward Skyler sold 25,000 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total value of $3,285,250.00. Following the completion of the sale, the insider directly owned 182,022 shares in the company, valued at $23,919,511.02. This represents a 12.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 92,318 shares of company stock valued at $10,764,814 over the last three months. 0.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

C has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on Citigroup from $160.00 to $162.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. Evercore set a $139.00 price target on Citigroup in a report on Wednesday, April 15th. Wolfe Research reissued an "outperform" rating and set a $141.00 price objective on shares of Citigroup in a research report on Wednesday, January 7th. Piper Sandler restated an "overweight" rating and issued a $145.00 price objective (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of Citigroup from $131.00 to $135.50 and gave the company an "overweight" rating in a research report on Thursday, April 30th. One research 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 presently has a consensus rating of "Moderate Buy" and an average price target of $136.79.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi is changing its incentives so employees are paid directly for generating banking and wealth referrals, a move designed to boost cross‑sell, simplify revenue attribution and align sales incentives across units. This could lift fee income and client origination if execution is smooth. Citigroup sets new rewards structure for banking and wealth referrals
• Positive Sentiment: Citi launched an internal platform to deploy AI agents across banking workflows — a potential efficiency and productivity lever that could reduce operating costs and speed client servicing and product rollouts. Citi Debuts Platform to Bring AI Agents to Banking Work
• Positive Sentiment: Citi hired Raj Rathi as head of M&A in India, signaling investment in deal origination and growth in a high‑potential market — supportive for future fee revenue in corporate banking and advisory. Citi Hires Raj Rathi From Dream Sports as Head of M&A in India
• Positive Sentiment: Analyst sentiment and targets remain constructive: a recent price‑target raise and bullish analyst writeups highlight expectations for continued earnings growth and multiple expansion as Citi executes. These inputs can support investor confidence over time. Citigroup NYSE: C Price Target Raised to $135.50
• Positive Sentiment: Zacks and other coverage point to Citi as a long‑term growth candidate based on style scores and recent performance, reinforcing the narrative that the bank can continue to outpace peers if margins and credit trends hold. Why Citigroup (C) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: A reported $52 million payment related to banker Viswas Raghavan draws headlines but is small relative to Citi’s scale; impact is likely limited to reputation/one‑off expense rather than fundamentals. Indian-origin banker Viswas Raghavan to receive $52 million from Citigroup
• Neutral Sentiment: Citi Wealth’s Investment Lab published research challenging common timing assumptions for investing at S&P highs — useful for thought leadership and client engagement but with uncertain direct revenue impact. Citi's data could change how you invest at S&P 500 highs

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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