Ilmarinen Mutual Pension Insurance Co Buys 164,000 Shares of Citigroup Inc. $C

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its Citigroup stake by 88.6% in the fourth quarter, buying an additional 164,000 shares to bring its total holdings to 349,000 shares worth about $40.7 million.
• Wall Street remains broadly positive on Citigroup (NYSE:C), with multiple firms raising price targets and the stock carrying a consensus Moderate Buy rating and average target of $137.62.
• Citigroup continues to show solid operating momentum, reporting quarterly EPS of $3.06 on revenue of $24.63 billion, both above analyst expectations, while also maintaining a dividend and authorizing a $30 billion share buyback.

Ilmarinen Mutual Pension Insurance Co lifted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 88.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 349,000 shares of the company's stock after acquiring an additional 164,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Citigroup were worth $40,725,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in C. Richards Merrill & Peterson Inc. bought a new position in shares of Citigroup during the 4th quarter worth approximately $28,000. Dunhill Financial LLC boosted its stake in shares of Citigroup by 92.2% during the 3rd 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. Luken Investment Analytics LLC bought a new position in shares of Citigroup during the 4th quarter worth approximately $32,000. High Note Wealth LLC boosted its stake in shares of Citigroup by 107.7% during the 4th quarter. High Note Wealth LLC now owns 270 shares of the company's stock worth $32,000 after acquiring an additional 140 shares during the period. Finally, Guerra Advisors Inc bought a new position in shares of Citigroup during the 3rd quarter worth approximately $33,000. 71.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on C. Piper Sandler reiterated an "overweight" rating and set a $145.00 target price (up from $125.00) on shares of Citigroup in a research note on Wednesday, April 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of Citigroup in a research note on Monday, April 20th. Keefe, Bruyette & Woods lifted their target price on Citigroup from $140.00 to $153.00 and gave the stock an "outperform" rating in a research note on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on Citigroup from $131.00 to $135.50 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Finally, Morgan Stanley lifted their price target on Citigroup from $140.00 to $144.00 and gave the stock an "overweight" rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $137.62.

Citigroup Price Performance

Shares of Citigroup stock opened at $124.76 on Friday. Citigroup Inc. has a twelve month low of $74.30 and a twelve 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 has a 50-day simple moving average of $122.55 and a two-hundred day simple moving average of $115.62. The stock has a market capitalization of $212.79 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $24.63 billion during the quarter, compared to analysts' expectations of $22.96 billion. During the same quarter in the previous year, the company earned $1.96 EPS. The business's revenue was up 14.1% on a year-over-year basis. Analysts forecast that Citigroup Inc. will post 10.68 EPS for the current year.

Citigroup Dividend Announcement

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

Citigroup declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 13.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Key Headlines Impacting Citigroup

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.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction on 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 directly owned 12,194 shares of the company's stock, valued at $1,527,908.20. The trade was a 14.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction on 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 transaction, the insider directly owned 182,022 shares of the company's stock, valued at $23,919,511.02. This represents a 12.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.11% of the stock is owned by insiders.

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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