ProVise Management Group LLC Sells 10,667 Shares of Citigroup Inc. $C

Key Points

• ProVise Management Group reduced its Citigroup stake by 5.7%, selling 10,667 shares and leaving it with 177,668 shares worth about $20.73 million, making Citi roughly 1.5% of its portfolio and its 17th-largest holding.
• Q1 beat: Citigroup reported $3.06 EPS vs. $2.63 expected and revenue of $24.63 billion (up 14.1% year-over-year) and declared a $0.60 quarterly dividend ($2.40 annualized, ~1.9% yield).
• Analysts maintain a consensus "Moderate Buy" with an average price target of $135.94 after several target increases, while insiders sold about 92,318 shares (~$10.8 million) over the last quarter.

ProVise Management Group LLC decreased its position in Citigroup Inc. (NYSE:C - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,668 shares of the company's stock after selling 10,667 shares during the quarter. Citigroup makes up approximately 1.5% of ProVise Management Group LLC's portfolio, making the stock its 17th largest holding. ProVise Management Group LLC's holdings in Citigroup were worth $20,732,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of C. Brighton Jones LLC lifted its position in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after acquiring an additional 12,499 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Citigroup by 20.5% in the second quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company's stock worth $835,000 after purchasing an additional 1,669 shares during the period. United Bank bought a new stake in Citigroup during the 2nd quarter valued at approximately $972,000. Osterweis Capital Management Inc. grew its holdings in Citigroup by 3,016.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 935 shares of the company's stock valued at $80,000 after buying an additional 905 shares during the last quarter. Finally, HUB Investment Partners LLC increased its position in Citigroup by 26.9% in the 2nd quarter. HUB Investment Partners LLC now owns 15,287 shares of the company's stock worth $1,301,000 after buying an additional 3,238 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on C shares. Zacks Research downgraded shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 20th. UBS Group reiterated a "neutral" rating and set a $132.00 target price on shares of Citigroup in a research note on Thursday, January 15th. Truist Financial raised their price target on shares of Citigroup from $133.00 to $139.00 and gave the stock a "buy" rating in a research report on Wednesday, April 15th. Wolfe Research restated an "outperform" rating and set a $141.00 price objective on shares of Citigroup in a report on Wednesday, January 7th. Finally, Wells Fargo & Company upped their price objective on shares of Citigroup from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $135.94.

Citigroup Stock Down 0.4%

C opened at $128.03 on Friday. The company has a market capitalization of $219.56 billion, a P/E ratio of 15.86, a P/E/G ratio of 0.58 and a beta of 1.11. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 1.00. The firm's fifty day moving average price is $115.88 and its two-hundred day moving average price is $111.27. Citigroup Inc. has a fifty-two week low of $66.72 and a fifty-two week high of $135.29.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.43. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The company had revenue of $24.63 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same period last year, the firm earned $1.96 EPS. The firm's revenue for the quarter was up 14.1% compared to the same quarter last year. On average, analysts anticipate that Citigroup Inc. will post 10.62 EPS for the current year.

Citigroup Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.9%. Citigroup's payout ratio is currently 29.74%.

Insiders Place Their Bets

In related news, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the completion of the transaction, the insider directly owned 45,835 shares of the company's stock, valued at $5,091,810.15. This trade represents a 48.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward Skyler sold 25,000 shares of the business's stock in a transaction dated Wednesday, April 15th. The shares were 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 in the company, valued at approximately $23,919,511.02. This trade represents a 12.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 92,318 shares of company stock worth $10,764,814 over the last quarter. Company insiders own 0.11% of the company's stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q1 beat and AI push: Citi reported stronger‑than‑expected Q1 results and has rolled out an AI advisor product that helped push the stock to a recent 52‑week high; that earnings momentum and tech/wealth strategy are supporting higher valuation expectations. Citigroup hits 52-week high after earnings beat, AI launch
• Positive Sentiment: Analyst upgrades and higher targets: Several sell‑side firms have raised price targets and reiterated constructive views on Citi’s turnaround and capital return potential, which is drawing buyer interest and supporting the stock. Zacks Analyst Blog
• Neutral Sentiment: Notes buyback offer announced: Citigroup Global Markets started offers to purchase several series of Citi notes — a balance‑sheet management action that could be neutral or modestly positive if it reduces interest cost/optimizes capital, but impact depends on execution and funding. Citi Announces Offers to Purchase Notes
• Neutral Sentiment: Exit of Citi entities as substantial holder in a small Australian lithium issuer — procedural/portfolio adjustment by Citi’s Australia unit; likely immaterial to Citi’s core earnings but noted by markets that track institutional flows. Citigroup Entities Exit Substantial Holder Status in Elevra Lithium
• Negative Sentiment: Insider selling: SEC disclosures show Edward Skyler sold 25,000 Citi shares (mid‑April), which can be interpreted as profit‑taking after the rally and may create short‑term selling pressure even if the sale is for personal liquidity. Edward Skyler Sells 25,000 Shares SEC Filing

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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