4,232 Shares in Citigroup Inc. $C Purchased by Marble Wealth LLC

Marble Wealth LLC bought a new stake in shares of Citigroup Inc. (NYSE:C) during the fourth quarter, Holdings Channel reports. The fund bought 4,232 shares of the company’s stock, valued at approximately $494,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Bridges Investment Management Inc. increased its position in Citigroup by 3.1% during the 4th quarter. Bridges Investment Management Inc. now owns 10,621 shares of the company’s stock valued at $1,239,000 after purchasing an additional 321 shares during the period. Greenwich Wealth Management LLC purchased a new position in Citigroup during the 4th quarter valued at about $287,000. Fielder Capital Group LLC increased its position in Citigroup by 4.8% during the 4th quarter. Fielder Capital Group LLC now owns 2,543 shares of the company’s stock valued at $297,000 after purchasing an additional 116 shares during the period. Vantus Wealth LLC purchased a new position in Citigroup during the 4th quarter valued at about $348,000. Finally, Root Financial Partners LLC increased its position in Citigroup by 12.9% during the 4th quarter. Root Financial Partners LLC now owns 5,011 shares of the company’s stock valued at $585,000 after purchasing an additional 571 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup is drawing investor attention after outlining a major tokenization opportunity, projecting the tokenized securities market could reach $5.5 trillion by 2030, which strengthens the bank’s long-term growth narrative around digital assets and capital markets modernization. Citigroup’s Tokenization Push And Valuation Gap Draw Investor Attention
• Positive Sentiment: Reuters reported that Revolut plans to offer stablecoins, FDIC-insured accounts, stock trading and crypto services through its future U.S. bank, underscoring how mainstream financial firms are moving toward banking products that sit in Citi’s competitive lane and helping validate Citi’s own digital-asset focus. Revolut US bank plans stablecoins alongside FDIC-insured accounts: Report
• Neutral Sentiment: Separately, Citigroup was cited in a note saying U.S. tech stocks may be vulnerable because of crowded positioning. That’s more of a broader market signal than a direct Citi-specific driver, but it could add to investor caution if risk assets cool off. Citi’s Chew Sees US Tech Stocks at Risk From Bullish Positioning

Wall Street Analysts Forecast Growth

C has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Citigroup from $131.00 to $135.50 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wells Fargo & Company raised their target price on shares of Citigroup from $160.00 to $162.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Truist Financial set a $147.00 target price on shares of Citigroup in a research report on Friday, May 1st. Evercore set a $139.00 target price on shares of Citigroup in a research report on Wednesday, April 15th. Finally, Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $137.62.

Citigroup Stock Down 0.9%

NYSE:C opened at $130.09 on Thursday. Citigroup Inc. has a fifty-two week low of $75.66 and a fifty-two week high of $135.29. The stock has a market capitalization of $221.87 billion, a P/E ratio of 16.12, a P/E/G ratio of 0.59 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. The company’s 50-day simple moving average is $124.08 and its 200-day simple moving average is $116.40.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The business had revenue of $24.63 billion for the quarter, compared to analysts’ expectations of $22.96 billion. During the same period last year, the business earned $1.96 EPS. The company’s revenue was up 14.1% compared to the same quarter last year. On average, equities analysts anticipate that Citigroup Inc. will post 10.68 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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 $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, May 4th. Citigroup’s dividend payout ratio (DPR) is currently 29.74%.

Citigroup announced that its board has approved a share repurchase program on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Citigroup

In other news, insider Edward Skyler sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the insider directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $125.30, for a total transaction of $265,260.10. Following the completion of the sale, the director owned 12,194 shares of the company’s stock, valued at $1,527,908.20. This trade represents a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.11% of the stock is currently owned by company insiders.

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.