U.S. Capital Wealth Advisors LLC Increases Stake in Citigroup Inc. $C

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in Citigroup by 26.9% in Q4 to 49,020 shares, valued at about $5.72 million.
• Insider Cantu Ernesto Torres sold 43,173 shares on Feb. 13 for roughly $4.8 million, cutting his position by 48.5%, a notable instance of insider selling.
• Analysts have a consensus rating of "Moderate Buy" with a $127.41 price target; Citigroup trades near $124 and recently declared a $0.60 quarterly dividend (≈1.9% yield).

U.S. Capital Wealth Advisors LLC increased its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,020 shares of the company's stock after buying an additional 10,381 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Citigroup were worth $5,720,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the stock in a transaction on 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 sale, the insider owned 45,835 shares in the company, valued at $5,091,810.15. This represents a 48.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

C has been the topic of a number of recent analyst reports. TD Cowen reissued a "hold" rating on shares of Citigroup in a research report on Wednesday, January 7th. Zacks Research downgraded shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. Oppenheimer dropped their price objective on shares of Citigroup from $144.00 to $132.00 and set an "outperform" rating on the stock in a research report on Friday, March 27th. Royal Bank Of Canada restated an "outperform" rating and issued a $121.00 target price on shares of Citigroup in a report on Thursday, January 15th. Finally, The Goldman Sachs Group upped their target price on shares of Citigroup from $123.00 to $137.00 and gave the company a "buy" rating in a report on Monday, April 6th. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.41.

Citigroup Stock Down 0.1%

Shares of NYSE:C opened at $124.32 on Monday. The stock has a market cap of $213.20 billion, a P/E ratio of 17.84, a P/E/G ratio of 0.64 and a beta of 1.11. The firm has a fifty day moving average price of $113.39 and a 200 day moving average price of $109.33. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 1.00. Citigroup Inc. has a 1-year low of $59.92 and a 1-year high of $125.48.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.16. The firm had revenue of $19.87 billion during the quarter, compared to analysts' expectations of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. Citigroup's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.34 EPS. Sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm 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 dividend of $0.60 per share. The ex-dividend date 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 currently 34.43%.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Wall Street remains broadly constructive: multiple recent analyst ratings are Buy/Overweight and the six-month median price target (~$131) sits above current levels — a supportive backdrop if Citi delivers solid Q1 trading and IBD revenue. Citigroup Stock (C) Opinions on Upcoming Earnings Report
• Neutral Sentiment: Earnings preview — Citigroup reports Q1 before the open on Apr 14; market focus is on trading revenue and investment-banking fees, which could swing the stock either way depending on beats/misses and management guidance. What To Expect From Citigroup’s (C) Q1 Earnings
• Neutral Sentiment: Citi’s research activity is visible in the headlines (examples: analyst note changes at auto dealers), but those are about coverage of other companies and are unlikely to move C materially on their own. Citi Retains a Buy Rating on Group 1 Automotive, Inc. (GPI)
• Negative Sentiment: Insider selling and social-media caution: QuiverQuant flags multiple insider sales (including senior executives) and elevated “panic/euphoria” chatter, which can pressure sentiment heading into the print. Citigroup Stock (C) Opinions on Upcoming Earnings Report
• Negative Sentiment: Large institutional trimming: recent quarter-level data show major asset managers materially reducing positions in C (notably a large removal by UBS AM), which can weigh on stock if outflows persist or signal lower conviction. Citigroup Stock (C) Opinions on Upcoming Earnings Report

Citigroup Company 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.

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