United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys New Position in Citigroup Inc. $C

Key Points

• United Super Pty Ltd disclosed a new fourth-quarter position in Citigroup, buying 586,757 shares valued at about $68.5 million. Citigroup now represents roughly 1% of the fund’s holdings and is its 23rd-largest position.
• Citigroup recently delivered a strong earnings update, reporting $3.06 EPS versus expectations of $2.63 and revenue of $24.63 billion, with revenue up 14.1% year over year. The results added to views that the bank’s turnaround is gaining traction.
• The company’s board also approved a $30 billion share repurchase program, and analysts remain broadly positive with a consensus Moderate Buy rating and an average price target of $137.62. Citigroup also pays a quarterly dividend of $0.60 per share, equal to a 1.9% annualized yield.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Citigroup Inc. (NYSE:C - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 586,757 shares of the company's stock, valued at approximately $68,469,000. Citigroup comprises about 1.0% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Richards Merrill & Peterson Inc. acquired a new stake in Citigroup in the 4th quarter valued at approximately $28,000. Dunhill Financial LLC raised its position in Citigroup by 92.2% in the 3rd quarter. Dunhill Financial LLC now owns 319 shares of the company's stock valued at $32,000 after buying an additional 153 shares during the last quarter. Luken Investment Analytics LLC acquired a new stake in Citigroup in the 4th quarter valued at approximately $32,000. High Note Wealth LLC raised its position in Citigroup by 107.7% in the 4th quarter. High Note Wealth LLC now owns 270 shares of the company's stock valued at $32,000 after buying an additional 140 shares during the last quarter. Finally, Guerra Advisors Inc bought a new stake in Citigroup during the third quarter worth about $33,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Buying and Selling at Citigroup

In other news, insider Edward Skyler sold 25,000 shares of Citigroup 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 owned 182,022 shares in the company, 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 SEC, which is accessible through this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of the transaction, the director owned 12,194 shares in the company, valued at approximately $1,527,908.20. The trade was a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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: Analyst commentary points to Citigroup’s revenue growth potential through 2026, driven by loan demand, private credit expansion, and continued restructuring/transformation progress. Top Research Reports for Citigroup, TotalEnergies & AppLovin
• Positive Sentiment: Recent earnings momentum remains a tailwind: Citigroup beat consensus expectations last quarter and posted double-digit revenue growth year over year, reinforcing the case that the turnaround is gaining traction.
• Positive Sentiment: Wall Street sentiment remains favorable overall, with recent buy/overweight ratings and several higher price targets suggesting analysts still see upside in Citigroup (C).
• Neutral Sentiment: Several articles compared Citigroup’s performance with peers such as Goldman Sachs and BGC Group, but these were mostly valuation and relative-performance discussions rather than new fundamental developments. Goldman vs. Citigroup: Which Financial Giant Should You Pick Now?
• Neutral Sentiment: Social-media chatter around the stock largely focused on Citi’s recent earnings beat and sector strength, but did not introduce a materially new catalyst.

Citigroup Stock Down 0.5%

C stock opened at $124.76 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $212.79 billion, a PE ratio of 15.46, a PEG ratio of 0.56 and a beta of 1.14. Citigroup Inc. has a 1-year low of $74.30 and a 1-year high of $135.29. The business's 50 day simple moving average is $122.55 and its 200 day simple moving average is $115.62.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, topping analysts' consensus estimates of $2.63 by $0.43. The business had revenue of $24.63 billion for 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%.The firm's revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.96 EPS. As a group, research analysts anticipate that Citigroup Inc. will post 10.68 EPS for the current year.

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

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was 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 presently 29.74%.

Wall Street Analyst Weigh In

C has been the topic of several analyst reports. Piper Sandler reiterated an "overweight" rating and set a $145.00 target price (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. The Goldman Sachs Group upped their target price on Citigroup from $137.00 to $151.00 and gave the stock a "buy" rating in a report on Wednesday, April 15th. Wall Street Zen upgraded Citigroup from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Barclays upped their target price on Citigroup from $146.00 to $154.00 and gave the stock an "overweight" rating in a report on Wednesday, April 15th. Finally, Truist Financial set a $147.00 target price on Citigroup in a report on Friday, May 1st. One research 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. According to data from MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and an average price target of $137.62.

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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