Sienna Gestion Increases Position in Citigroup Inc. $C

Sienna Gestion increased its stake in Citigroup Inc. (NYSE:C) by 12.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,412 shares of the company’s stock after acquiring an additional 9,789 shares during the period. Sienna Gestion’s holdings in Citigroup were worth $10,078,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. purchased a new position in Citigroup in the fourth quarter worth $28,000. Dunhill Financial LLC boosted its position in Citigroup by 92.2% during the third 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 period. Luken Investment Analytics LLC purchased a new stake in Citigroup during the fourth quarter valued at about $32,000. High Note Wealth LLC boosted its position in Citigroup by 107.7% during the fourth 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 period. Finally, Entrust Financial LLC purchased a new stake in Citigroup during the fourth quarter valued at about $34,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John Cunningham Dugan sold 2,117 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.30, for a total transaction of $265,260.10. Following the completion of the transaction, the director directly owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the transaction, the insider directly owned 182,022 shares of the company’s stock, valued at approximately $23,919,511.02. This trade represents a 12.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays upped their price target on shares of Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research report on Monday, April 20th. Jefferies Financial Group assumed coverage on shares of Citigroup in a research report on Thursday, March 26th. They set a “buy” rating and a $135.00 price target for the company. Piper Sandler restated an “overweight” rating and set a $145.00 price target (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. Finally, 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 research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.62.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s CFO reportedly outlined revenue growth expectations above analyst forecasts, while the bank’s push into blockchain-based trading for private equity has reinforced optimism about its long-term growth opportunities.
• Positive Sentiment: Jim Cramer said he was “very bullish” on Citigroup, adding to upbeat sentiment around the stock and the leadership team. Article: Jim Cramer on Citigroup: “Very Bullish”
• Positive Sentiment: Citigroup completed the sale of its Polish consumer banking business, marking the final exit from its non-core international consumer banking operations and signaling continued progress on simplification and capital focus. Article: C Sheds Polish Arm, Marks Final Exit From Nore-Core Consumer Business
• Positive Sentiment: Market commentary noted that Citigroup has been showing strong momentum, with investors rotating toward defensive financials and some trade structures targeting further upside while limiting downside risk. Article: Bullish Spread Targets Citigroup Stock Momentum With Limited Risk
• Neutral Sentiment: Citi was also mentioned in broader financial-news coverage, including a comparison of bank stocks and a note that Jane Fraser remains a highly visible industry leader. These items may support the stock’s profile, but they are less direct catalysts.
• Negative Sentiment: One Citi research note cut Brent crude forecasts, which could be a modest headwind for energy-related trading and macro expectations, though the impact on Citigroup shares appears limited. Article: Citi cuts Brent forecasts as U.S.-Iran MoU points to Strait of Hormuz flow normalization

Citigroup Stock Performance

Shares of NYSE:C opened at $141.18 on Tuesday. The company has a market cap of $240.80 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 0.62 and a beta of 1.12. The company has a 50-day moving average price of $127.86 and a 200-day moving average price of $118.47. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. Citigroup Inc. has a 12 month low of $76.95 and a 12 month high of $143.56.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.63 by $0.43. The firm had revenue of $24.63 billion during the quarter, compared to the consensus estimate of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.96 earnings per share. As a group, equities analysts anticipate that Citigroup Inc. will post 10.68 EPS for the current year.

Citigroup declared that its board has initiated a share buyback 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 shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were paid a dividend of $0.60 per share. 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 29.74%.

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.