Truist Financial Corp Buys 16,744 Shares of Citigroup Inc. $C

Key Points

• Truist Financial Corp increased its stake in Citigroup by 4.7%, buying 16,744 shares to hold 375,977 shares valued at about $43.87 million.
• Citigroup beat quarterly expectations with $3.06 EPS (vs. $2.63 expected) and $24.63 billion in revenue, and announced a $0.60 quarterly dividend ($2.40 annual, 1.9% yield).
• Management plans to unveil medium‑term profit targets and is deploying AI and employee referral incentives to drive revenue and margin improvement, while institutional ownership stands at 71.72% and insiders sold 92,318 shares (~$10.76M) last quarter.

Truist Financial Corp lifted its stake in Citigroup Inc. (NYSE:C - Free Report) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 375,977 shares of the company's stock after buying an additional 16,744 shares during the quarter. Truist Financial Corp's holdings in Citigroup were worth $43,873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Elmwood Wealth Management Inc. raised its stake in Citigroup by 1.3% during the 4th quarter. Elmwood Wealth Management Inc. now owns 6,845 shares of the company's stock valued at $799,000 after purchasing an additional 85 shares during the period. Park Place Capital Corp raised its stake in Citigroup by 16.7% during the 4th quarter. Park Place Capital Corp now owns 595 shares of the company's stock valued at $69,000 after purchasing an additional 85 shares during the period. N.E.W. Advisory Services LLC raised its stake in Citigroup by 14.9% during the 4th quarter. N.E.W. Advisory Services LLC now owns 703 shares of the company's stock valued at $82,000 after purchasing an additional 91 shares during the period. LeConte Wealth Management LLC raised its stake in Citigroup by 3.9% during the 4th quarter. LeConte Wealth Management LLC now owns 2,502 shares of the company's stock valued at $292,000 after purchasing an additional 94 shares during the period. Finally, SeaCrest Wealth Management LLC raised its stake in Citigroup by 0.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 15,411 shares of the company's stock valued at $1,870,000 after purchasing an additional 97 shares during the period. Institutional investors own 71.72% of the company's stock.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Management will lay out medium-term profitability targets at an investor day, highlighting expected expense discipline, revenue gains from a multi‑year overhaul, and plans to use AI to expand the wealth business — a clear signal management is targeting faster earnings improvement. Citigroup to announce new profit targets at investor day, CEO says
• Positive Sentiment: Citi has introduced a new rewards structure that pays employees directly for generating banking and wealth referrals — a move likely to improve cross‑sell effectiveness and revenue per client if execution follows through. Citigroup sets new rewards structure for banking and wealth referrals
• Positive Sentiment: Citi rolled out an internal platform to deploy AI agents across banking workflows, which could lift productivity and lower operating costs over time — supporting margin expansion assumptions. Citi Debuts Platform to Bring AI Agents to Banking Work
• Neutral Sentiment: Citi is strengthening its India M&A franchise with a senior hire (Raj Rathi), which supports growth in a key market but is more incremental to near‑term earnings. Citi Hires Raj Rathi From Dream Sports as Head of M&A in India
• Neutral Sentiment: Recent analyst writeups (Zacks, MSN coverage) reiterate a longer‑term growth story for Citi, supporting investor interest but not a near‑term catalyst by themselves. Why Citigroup (C) is a Top Growth Stock for the Long-Term
• Negative Sentiment: There’s potential reputational/compensation noise from a high‑profile executive payout reported in the press; such items can draw short‑term scrutiny and be treated as one‑offs to watch. Indian-origin banker Viswas Raghavan to receive $52 million from Citigroup

Insider Buying and Selling

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the business's stock in a transaction on Friday, February 13th. The stock was 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 owned 45,835 shares in the company, valued at $5,091,810.15. The trade was a 48.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of the business's stock in a transaction 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 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 position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 92,318 shares of company stock valued at $10,764,814. Company insiders own 0.11% of the company's stock.

Citigroup Price Performance

Shares of Citigroup stock opened at $128.08 on Wednesday. The stock has a market cap of $219.65 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14. 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 has a 50 day moving average price of $117.26 and a 200-day moving average price of $112.56. Citigroup Inc. has a one year low of $69.17 and a one year high of $135.29.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.43. The firm 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 company's quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.96 EPS. Equities analysts expect that Citigroup Inc. will post 10.66 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be issued a $0.60 dividend. 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%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wolfe Research reissued an "outperform" rating and set a $141.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. Zacks Research downgraded Citigroup from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 20th. Jefferies Financial Group assumed coverage on Citigroup in a research note on Thursday, March 26th. They set a "buy" rating and a $135.00 target price on the stock. Evercore set a $139.00 target price on Citigroup in a research note on Wednesday, April 15th. Finally, Oppenheimer lifted their target price on Citigroup from $132.00 to $144.00 and gave the company an "outperform" rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $136.79.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.