Inspire Trust Co. N.A. Sells 10,000 Shares of Citigroup Inc. $C

Key Points

• Inspire Trust Co. N.A. reduced its Citigroup stake by 12.5% in the fourth quarter, selling 10,000 shares and leaving it with 70,000 shares valued at about $8.17 million.
• Citigroup reported strong recent results, including EPS of $3.06 versus expectations of $2.63 and revenue of $24.63 billion, with revenue up 14.1% year over year.
• The company’s board authorized a $30 billion share buyback, while analysts remain generally upbeat with a consensus rating of Moderate Buy and an average target price of $137.62.

Inspire Trust Co. N.A. lessened its holdings in Citigroup Inc. (NYSE:C - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,000 shares of the company's stock after selling 10,000 shares during the period. Citigroup comprises 1.3% of Inspire Trust Co. N.A.'s holdings, making the stock its 17th biggest holding. Inspire Trust Co. N.A.'s holdings in Citigroup were worth $8,168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Donaldson Capital Management LLC bought a new stake in Citigroup in the third quarter worth approximately $58,994,000. Truist Financial Corp increased its holdings in Citigroup by 4.7% in the fourth quarter. Truist Financial Corp now owns 375,977 shares of the company's stock worth $43,873,000 after purchasing an additional 16,744 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Citigroup by 17.3% in the third quarter. Kovitz Investment Group Partners LLC now owns 663,416 shares of the company's stock worth $67,337,000 after purchasing an additional 98,082 shares in the last quarter. Gunderson Capital Management Inc. bought a new stake in Citigroup in the fourth quarter worth approximately $7,165,000. Finally, Brighton Jones LLC increased its holdings in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

Trending Headlines about 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.

Citigroup Price Performance

C opened at $124.76 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $212.79 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 0.56 and a beta of 1.14. The firm's fifty day moving average price is $122.55 and its two-hundred day moving average price is $115.62. Citigroup Inc. has a 1 year low of $74.30 and a 1 year 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.43. The firm had revenue of $24.63 billion for the quarter, compared to the consensus estimate of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.96 EPS. As a group, analysts anticipate that Citigroup Inc. will post 10.68 earnings per share for the current fiscal year.

Citigroup declared that its board has authorized a stock buyback program on Thursday, May 7th that allows the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Citigroup Dividend Announcement

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

Insiders Place Their Bets

In other Citigroup news, insider Edward Skyler sold 25,000 shares of the business's stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Cunningham Dugan sold 2,117 shares of the business's 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 in the company, valued at approximately $1,527,908.20. This represents a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.11% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on C. Wall Street Zen upgraded Citigroup from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Evercore set a $139.00 price objective on Citigroup in a report on Wednesday, April 15th. Keefe, Bruyette & Woods boosted their price objective on Citigroup from $140.00 to $153.00 and gave the company an "outperform" rating in a report on Friday, May 8th. Oppenheimer restated an "outperform" rating and set a $145.00 price objective on shares of Citigroup in a report on Friday, May 8th. Finally, Zacks Research downgraded Citigroup from a "strong-buy" rating to a "hold" rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $137.62.

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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