Xponance LLC Acquires 13,654 Shares of Citigroup Inc. $C

Key Points

• Xponance LLC increased its Citigroup stake by 4.5% in the fourth quarter, buying 13,654 additional shares and bringing its total to 315,972 shares valued at about $36.9 million.
• Citigroup reported better-than-expected quarterly results, posting EPS of $3.06 versus $2.63 estimated and revenue of $24.63 billion, up 14.1% year over year.
• The bank also authorized a $30 billion share buyback and paid a $0.60 quarterly dividend, while analysts broadly remain constructive with an average Moderate Buy rating and a $137.62 target price.

Xponance LLC lifted its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 315,972 shares of the company's stock after purchasing an additional 13,654 shares during the period. Xponance LLC's holdings in Citigroup were worth $36,871,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Verus Capital Partners LLC grew its holdings in Citigroup by 3.1% during the 4th quarter. Verus Capital Partners LLC now owns 2,748 shares of the company's stock valued at $321,000 after purchasing an additional 82 shares during the last quarter. Elmwood Wealth Management Inc. grew its holdings 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 last quarter. Park Place Capital Corp grew its holdings 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 last quarter. D.B. Root & Company LLC grew its holdings in Citigroup by 2.8% during the 4th quarter. D.B. Root & Company LLC now owns 3,191 shares of the company's stock valued at $372,000 after purchasing an additional 87 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its holdings in Citigroup by 0.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 10,393 shares of the company's stock valued at $1,213,000 after purchasing an additional 87 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Insider Activity at Citigroup

In other news, Director John Cunningham Dugan sold 2,117 shares of the company's stock in a transaction that occurred 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 sale, the director owned 12,194 shares of the company's stock, valued at approximately $1,527,908.20. This represents a 14.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward Skyler sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the completion of the sale, the insider directly owned 182,022 shares of the company's stock, valued at $23,919,511.02. The trade was a 12.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.11% of the stock is currently owned by corporate insiders.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup launched a blockchain platform for tokenized private-company shares, becoming the first major bank to issue and custody digital depositary receipts. Investors may view this as a sign that Citi is leaning into a new growth area in private markets and digital assets. Citigroup Is Rolling Out Tokenized Shares of Private Companies
• Positive Sentiment: Citi also expanded the initiative through tokenized depositary receipts aimed at broadening access to private markets, which could support fee generation and reinforce the bank’s innovation narrative. Citigroup Expands Access to Private Markets With Tokenized Depositary Receipts
• Positive Sentiment: Separately, commentary highlighted Citigroup’s turnaround progress, stronger trading results, and a solid investment-banking outlook, reinforcing the view that earnings momentum is improving. C Highlights Turnaround Progress, Solid Q2 Trading & IB Outlook
• Neutral Sentiment: Citigroup hired Ryan Beaupré as a managing director in consumer and retail investment banking, a modest but constructive staffing move that supports its dealmaking push. Citi hires Ryan Beaupré as MD in consumer and retail investment banking push
• Neutral Sentiment: Trump’s public praise for Citi’s M&A ranking has added attention to the stock, but the boost may be limited because the ranking itself has been disputed and does not fully reflect Citi’s actual position. Citigroup shares outperform down market after Trump endorsement

Citigroup Price Performance

Shares of C opened at $137.89 on Friday. The company has a 50 day moving average price of $126.85 and a 200-day moving average price of $117.91. Citigroup Inc. has a fifty-two week low of $76.11 and a fifty-two week high of $138.23. The stock has a market capitalization of $235.18 billion, a PE ratio of 17.09, a PEG ratio of 0.60 and a beta of 1.12. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.43. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The firm had revenue of $24.63 billion during the quarter, compared to analysts' expectations of $22.96 billion. During the same quarter in the prior year, the company earned $1.96 EPS. The company's revenue was up 14.1% compared to the same quarter last year. Equities analysts predict that Citigroup Inc. will post 10.68 earnings per share for the current fiscal year.

Citigroup announced that its board has approved a share buyback plan on Thursday, May 7th that permits the company to buyback $30.00 billion in shares. This buyback authorization permits the company to reacquire up to 13.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, May 4th. Citigroup's dividend payout ratio is presently 29.74%.

Analysts Set New Price Targets

C has been the topic of several analyst reports. Morgan Stanley upped their price target on shares of Citigroup from $140.00 to $144.00 and gave the company an "overweight" rating in a report on Wednesday, April 15th. The Goldman Sachs Group upped their price target on shares of Citigroup from $137.00 to $151.00 and gave the company a "buy" rating in a report on Wednesday, April 15th. Truist Financial set a $147.00 price target on shares of Citigroup in a report on Friday, May 1st. Oppenheimer restated an "outperform" rating and issued a $145.00 target price on shares of Citigroup in a research note on Friday, May 8th. Finally, Zacks Research downgraded shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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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