Jupiter Asset Management Ltd. Has $231.46 Million Stake in Citigroup Inc. $C

Key Points

• Jupiter Asset Management boosted its Citigroup stake by 8.1% in the fourth quarter, holding 1,983,565 shares worth about $231.5 million. Citigroup is now its fourth-largest position and makes up roughly 1.9% of its portfolio.
• Citigroup reported strong quarterly results, with EPS of $3.06 beating estimates and revenue of $24.63 billion topping expectations, while revenue rose 14.1% year over year. The company also posted a 9.19% return on equity and a 9.35% net margin.
• The board approved a $30 billion share buyback and the company paid a quarterly dividend of $0.60, implying a 1.9% annualized yield. Meanwhile, analyst sentiment remains mostly positive, with a consensus rating of Moderate Buy and a target price of $137.62.

Jupiter Asset Management Ltd. increased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,983,565 shares of the company's stock after buying an additional 147,798 shares during the quarter. Citigroup accounts for about 1.9% of Jupiter Asset Management Ltd.'s investment portfolio, making the stock its 4th largest position. Jupiter Asset Management Ltd. owned 0.11% of Citigroup worth $231,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted 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 worth $19,048,467,000 after buying an additional 4,938,923 shares during the period. Capital World Investors lifted 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 worth $4,797,292,000 after buying an additional 2,871,074 shares during the period. Geode Capital Management LLC lifted 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 worth $5,036,712,000 after buying an additional 189,548 shares during the period. Fisher Asset Management LLC lifted 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 worth $3,954,307,000 after buying an additional 846,772 shares during the period. Finally, Franklin Resources Inc. lifted 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 worth $3,336,362,000 after buying an additional 580,027 shares during the period. Institutional investors own 71.72% of the company's stock.

Citigroup Stock Down 0.5%

NYSE C opened at $124.76 on Friday. The stock has a fifty day moving average of $122.55 and a 200-day moving average of $115.62. The stock has a market capitalization of $212.79 billion, a P/E ratio of 15.46, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C - Get Free Report) last released its 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. The company had revenue of $24.63 billion during the quarter, compared to analysts' expectations of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The business's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $1.96 EPS. On average, equities research analysts forecast that Citigroup Inc. will post 10.68 EPS for the current year.

Citigroup announced that its Board of Directors has approved a share repurchase program on Thursday, May 7th that authorizes the company to buyback $30.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 13.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, May 4th. Citigroup's dividend payout ratio (DPR) is 29.74%.

Insider Buying and Selling at Citigroup

In related news, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the completion of the sale, the insider directly owned 182,022 shares of the company's stock, valued at $23,919,511.02. The trade was a 12.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the director directly owned 12,194 shares of the company's stock, valued at approximately $1,527,908.20. This trade represents a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.11% of the stock is currently owned by company insiders.

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.

Wall Street Analyst Weigh In

C has been the subject of several analyst reports. Zacks Research downgraded Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. Wells Fargo & Company raised their price target on Citigroup from $160.00 to $162.00 and gave the company an "overweight" rating in a report on Wednesday, April 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $139.00 price target on shares of Citigroup in a report on Wednesday, April 15th. Truist Financial set a $147.00 price target on Citigroup in a report on Friday, May 1st. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $145.00 price target (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. One 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $137.62.

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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