Mitsubishi UFJ Trust & Banking Corp Decreases Stake in Citigroup Inc. $C

Key Points

• Mitsubishi UFJ Trust & Banking trimmed its stake in Citigroup by 36.9%, selling 665,621 shares and ending the quarter with 1,137,649 shares (about 0.06% of the company) worth roughly $132.8 million.
• Citigroup beat Q1 estimates, reporting $3.06 EPS vs. $2.63 expected and $24.63 billion in revenue, and announced a quarterly dividend of $0.60 ($2.40 annualized, ~1.9% yield).
• Insiders sold 92,318 shares (~$10.8 million) over the past three months while institutional investors own ~71.7% of the stock; analysts’ consensus is a "Moderate Buy" with an average price target of $135.94.

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 36.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,137,649 shares of the company's stock after selling 665,621 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Citigroup worth $132,754,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings 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 acquiring an additional 4,938,923 shares during the last quarter. Capital World Investors raised its holdings in shares of Citigroup by 6.5% during the third quarter. Capital World Investors now owns 47,262,626 shares of the company's stock valued at $4,797,292,000 after purchasing an additional 2,871,074 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Citigroup by 2.7% during the third quarter. Fisher Asset Management LLC now owns 33,040,513 shares of the company's stock valued at $3,353,612,000 after purchasing an additional 879,056 shares during the last quarter. Franklin Resources Inc. lifted its position in Citigroup by 1.8% during the third quarter. Franklin Resources Inc. now owns 32,870,559 shares of the company's stock valued at $3,336,362,000 after purchasing an additional 580,027 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Citigroup by 17.6% in the third quarter. Bank of New York Mellon Corp now owns 28,125,995 shares of the company's stock worth $2,854,788,000 after purchasing an additional 4,211,099 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Insider Activity at Citigroup

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the company's stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $111.09, for a total value of $4,796,088.57. Following the completion of the transaction, the insider directly owned 45,835 shares in the company, valued at $5,091,810.15. This represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of the company's stock in a transaction that occurred 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 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 SEC filing for this sale provides additional information. Insiders 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.

Citigroup Price Performance

Shares of Citigroup stock opened at $129.13 on Tuesday. The stock has a market cap of $221.45 billion, a P/E ratio of 16.00, a P/E/G ratio of 0.57 and a beta of 1.11. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.00 and a current ratio of 0.99. The stock's fifty day moving average is $116.25 and its 200 day moving average is $111.70. Citigroup Inc. has a one year low of $66.72 and a one year high of $135.29.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.43. The business had revenue of $24.63 billion during the quarter, compared to analyst estimates of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.Citigroup's revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.96 earnings per share. Sell-side analysts anticipate that Citigroup Inc. will post 10.62 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed 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. The ex-dividend date is 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 29.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on C shares. JPMorgan Chase & Co. cut their target price on shares of Citigroup from $134.00 to $131.00 and set an "overweight" rating for the company in a research report on Tuesday, April 7th. Piper Sandler reissued 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. Morgan Stanley raised their price target on Citigroup from $140.00 to $144.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 15th. Barclays lifted their price objective on Citigroup from $146.00 to $154.00 and gave the stock an "overweight" rating in a report on Wednesday, April 15th. Finally, UBS Group reiterated a "neutral" rating and set a $132.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $135.94.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi said it will expand and add senior hires to its Japan and China investment banking teams to win more cross‑border M&A and advisory business — a direct revenue growth initiative in Asia that can boost fee income and franchise value. Citi to boost Japan, China investment banking teams, plans senior sector-focused hires
• Positive Sentiment: High‑profile endorsement: Jim Cramer publicly said Citi’s recent conference call was better than JPMorgan’s — media praise that can lift investor sentiment and drive short‑term flow into the stock. Jim Cramer Shares Why Citi’s (C) Conference Call Was Better Than JPMorgan’s
• Positive Sentiment: Analyst/sector momentum: Several pieces highlighting stronger Q1 results and upbeat outlooks for big investment banks (including Citi) are pushing investors toward the group; Citi’s own research/product activity (lifting targets on major tech names, outlining ETF flows) reinforces its revenue and research franchise. Buy These 3 Investment Bank Giants After Solid Q1 Earnings and Outlook
• Neutral Sentiment: Citi Singapore received awards from FinanceAsia and Forbes — positive for reputation and local franchise strength but likely to have limited immediate earnings impact. Citi Singapore receives dual award recognition from FinanceAsia and Forbes
• Neutral Sentiment: Broader market context: Financial stocks are rallying this afternoon, providing a sector tailwind that helps Citi’s stock — a macro/flow-driven boost rather than new company fundamentals. Sector Update: Financial Stocks Rise Late Afternoon

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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