PFA Pension Forsikringsaktieselskab Acquires New Stake in Citigroup Inc. $C

Key Points

• PFA Pension Forsikringsaktieselskab bought 1,208,483 shares of Citigroup (~$141.65 million), leaving it with about 0.07% ownership as institutional investors hold roughly 71.72% of the stock.
• Citigroup beat quarterly estimates with EPS $3.06 vs. $2.63 and revenue of $24.63 billion (up 14.1% YoY), and declared a $0.60 quarterly dividend (annualized $2.40, ~1.9% yield).
• Insiders sold 92,318 shares in the past 90 days (notably Cantu and Edward Skyler), while analysts maintain a consensus "Moderate Buy" and an average price target of $136.79, with several recent upgrades including JPMorgan's "overweight" call.

PFA Pension Forsikringsaktieselskab acquired a new stake in Citigroup Inc. (NYSE:C - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,208,483 shares of the company's stock, valued at approximately $141,646,000. PFA Pension Forsikringsaktieselskab owned approximately 0.07% of Citigroup at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. purchased a new stake in Citigroup in the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its holdings in Citigroup by 87.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company's stock valued at $26,000 after purchasing an additional 120 shares in the last quarter. Maseco LLP purchased a new stake in Citigroup in the 4th quarter valued at approximately $35,000. MH & Associates Securities Management Corp ADV purchased a new stake in Citigroup in the 4th quarter valued at approximately $35,000. Finally, Bogart Wealth LLC boosted its holdings in Citigroup by 80.6% in the 4th quarter. Bogart Wealth LLC now owns 307 shares of the company's stock valued at $36,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insider Buying and Selling

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the company's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $111.09, for a total value of $4,796,088.57. Following the sale, the insider owned 45,835 shares of the company's stock, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 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 approximately $23,919,511.02. The trade was a 12.08% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 92,318 shares of company stock worth $10,764,814. 0.11% of the stock is owned by corporate insiders.

Citigroup Price Performance

Shares of NYSE:C opened at $127.44 on Friday. The business's 50 day simple moving average is $117.01 and its 200-day simple moving average is $112.16. The firm has a market capitalization of $218.55 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 0.57 and a beta of 1.14. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 1.00. Citigroup Inc. has a 12 month low of $69.17 and a 12 month high of $135.29.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.43. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The firm had revenue of $24.63 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the prior year, the company earned $1.96 EPS. Citigroup's revenue was up 14.1% on a year-over-year basis. As a group, equities 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 $0.60 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. Citigroup's dividend payout ratio is presently 29.74%.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: JPMorgan raised its price target on Citi and assigned an "overweight" rating, implying upside from current levels — a buy-side pillar that can support the stock. Benzinga
• Positive Sentiment: Unusually large call-option buying: traders bought roughly 125,853 Citi calls (about +68% vs. average), signaling short-term bullish positioning from options market participants — this can lift implied volatility and near-term demand for shares.
• Positive Sentiment: Strategic hires and expansion: Citi continues to add senior bankers in Asia and other units to boost cross-border M&A and infrastructure capabilities, which supports revenue growth prospects. Bloomberg: Shukla hire
• Positive Sentiment: Citi is advancing its planned disinvestment from Banamex with new investors on board, reducing legacy-country risk and helping clean up the balance sheet over time. Mexico News Daily
• Positive Sentiment: Recognition in digital assets: Citi received institutional nomination for digital asset adoption, supporting its positioning in tokenization and custody services — a potential long-term revenue stream. BeInCrypto
• Neutral Sentiment: Citi research commentary (e.g., on gold) and routine regulatory/participation notices are being circulated but are unlikely to move the stock materially on their own.
• Negative Sentiment: Reputational/legal risk: media reports about Citi hiring ex-JPMorgan banker Vis Raghavan (and a $52M payout despite past allegations) are drawing attention and could be a governance/reputational overhang for some investors. Inc.
• Negative Sentiment: Macro/geopolitical volatility — including Japan's FX intervention (sharp yen moves) and recent Middle East developments — raises trading and market-risk uncertainty; that can pressure bank stocks via trading revenue swings and risk-off flows. Bloomberg/Yahoo

Analyst Ratings Changes

C has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Citigroup from $131.00 to $135.50 and gave the company an "overweight" rating in a report on Thursday. UBS Group reaffirmed a "neutral" rating and issued a $132.00 price objective on shares of Citigroup in a report on Thursday, January 15th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $139.00 price objective on shares of Citigroup in a report on Wednesday, April 15th. Truist Financial set a $147.00 price target on Citigroup in a research note on Friday. Finally, Oppenheimer boosted their price target on Citigroup from $132.00 to $144.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 15th. One 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 stock. According to MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and an average price target of $136.79.

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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