Triglav Investments D.O.O. Boosts Stock Position in Citigroup Inc. $C

Key Points

• Triglav Investments D.O.O. increased its Citigroup stake by 31.5% in the fourth quarter, buying 19,500 more shares and bringing its total holding to 81,312 shares worth about $9.49 million.
• Citigroup posted strong quarterly results, with EPS of $3.06 and revenue of $24.63 billion, both beating analyst expectations and reflecting 14.1% year-over-year revenue growth.
• Analysts and the company’s board remain constructive, with multiple firms raising price targets and Citigroup approving a $30 billion share buyback program, alongside a quarterly dividend of $0.60 per share.

Triglav Investments D.O.O. increased its stake in Citigroup Inc. (NYSE:C - Free Report) by 31.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 81,312 shares of the company's stock after buying an additional 19,500 shares during the period. Triglav Investments D.O.O.'s holdings in Citigroup were worth $9,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in C. Vanguard Group Inc. grew its stake in shares of Citigroup by 3.1% in 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 last quarter. Capital World Investors grew its stake in shares of Citigroup by 6.5% in 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 last quarter. Bessemer Group Inc. grew its stake in shares of Citigroup by 6,172.0% in the 3rd quarter. Bessemer Group Inc. now owns 2,904,795 shares of the company's stock worth $294,838,000 after buying an additional 2,858,481 shares during the last quarter. SG Americas Securities LLC lifted its position in Citigroup by 291.4% in the 4th quarter. SG Americas Securities LLC now owns 1,319,549 shares of the company's stock valued at $153,978,000 after acquiring an additional 2,008,946 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Citigroup by 52.1% in the 3rd quarter. Alliancebernstein L.P. now owns 5,304,324 shares of the company's stock valued at $538,389,000 after acquiring an additional 1,816,786 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insider Buying and Selling at Citigroup

In related news, insider Edward Skyler sold 25,000 shares of the firm'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 directly owned 182,022 shares of the company's stock, valued at approximately $23,919,511.02. This trade represents a 12.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Cunningham Dugan sold 2,117 shares of the firm'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 ownership of the stock. The SEC filing for this sale provides additional information. 0.11% of the stock is owned by corporate insiders.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s latest quarter beat expectations, with EPS of $3.06 versus $2.63 expected and revenue of $24.63 billion topping estimates, reinforcing confidence in the bank’s earnings momentum.
• Positive Sentiment: Recent coverage highlights Citigroup’s growth drivers, including loan demand, private credit expansion, and ongoing transformation efforts that analysts say could support revenue growth through 2026. Top Research Reports for Citigroup, TotalEnergies & AppLovin
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple firms maintaining Buy/Overweight ratings and recent price targets clustering well above the current trading range, suggesting room for further upside.
• Positive Sentiment: News that Citigroup is concentrating more wealth-management hiring in Asia points to a strategic push into a faster-growing, more productive market segment. Citigroup Inc. (C) Anchors Wealth Hiring in Asia
• Neutral Sentiment: Several articles also note Citigroup’s stock has been broadly outperforming some financial peers this year, but these pieces are more comparison-focused than catalyst-driven. Is Citigroup (C) Stock Outpacing Its Finance Peers This Year?
• Negative Sentiment: Some institutional holdings data show major investors trimming positions, including BlackRock and T. Rowe Price, which may temper enthusiasm despite the stronger operating trends.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Piper Sandler reaffirmed an "overweight" rating and issued a $145.00 price objective (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. The Goldman Sachs Group upped their price objective on Citigroup from $137.00 to $151.00 and gave the company a "buy" rating in a research report on Wednesday, April 15th. Wells Fargo & Company upped their price objective on Citigroup from $160.00 to $162.00 and gave the company an "overweight" rating in a research report on Wednesday, April 29th. Evercore set a $139.00 price objective on Citigroup in a research report on Wednesday, April 15th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of Citigroup in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.62.

Citigroup Price Performance

NYSE C opened at $125.73 on Friday. The business's fifty day moving average price is $122.89 and its 200-day moving average price is $115.69. The stock has a market capitalization of $214.44 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.56 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 0.99. 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 released its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.43. The firm had revenue of $24.63 billion for 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 company's revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 EPS. On average, equities analysts predict that Citigroup Inc. will post 10.68 earnings per share for the current year.

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

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were issued a dividend of $0.60 per share. 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 is presently 29.74%.

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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