Citigroup Inc. $C Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC lifted its stake in Citigroup Inc. (NYSE:C) by 90.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,184 shares of the company’s stock after buying an additional 3,898 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Citigroup were worth $928,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Skylands Capital LLC raised its holdings in shares of Citigroup by 1.2% during the 1st quarter. Skylands Capital LLC now owns 127,300 shares of the company’s stock valued at $14,437,000 after buying an additional 1,500 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Citigroup by 43.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 696,586 shares of the company’s stock worth $79,000,000 after acquiring an additional 211,432 shares during the period. Horizon Bancorp Inc. IN grew its position in Citigroup by 3.6% in the first quarter. Horizon Bancorp Inc. IN now owns 2,636 shares of the company’s stock valued at $299,000 after acquiring an additional 92 shares in the last quarter. MRA Advisory Group acquired a new stake in Citigroup in the first quarter valued at approximately $248,000. Finally, Caldwell Trust Co raised its stake in shares of Citigroup by 4.4% during the first quarter. Caldwell Trust Co now owns 2,655 shares of the company’s stock valued at $301,000 after purchasing an additional 111 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Stock Up 0.6%

Shares of NYSE:C opened at $142.61 on Tuesday. 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 company has a fifty day simple moving average of $131.82 and a 200 day simple moving average of $121.15. The firm has a market cap of $243.23 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 0.61 and a beta of 1.12. Citigroup Inc. has a 12-month low of $84.61 and a 12-month high of $147.96.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. The firm had revenue of $24.63 billion for 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 firm’s 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 EPS. On average, equities research analysts anticipate that Citigroup Inc. will post 10.8 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, May 4th. Citigroup’s dividend payout ratio is 29.74%.

Citigroup announced that its board has initiated a stock buyback plan on Thursday, May 7th that permits the company to buyback $30.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on C. Oppenheimer reissued an “outperform” rating and set a $145.00 target price on shares of Citigroup in a research report on Friday, May 8th. Jefferies Financial Group initiated coverage on shares of Citigroup in a research note on Thursday, March 26th. They set a “buy” rating and a $135.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $139.00 price objective on shares of Citigroup in a report on Wednesday, April 15th. Morgan Stanley upped their price objective on shares of Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Wall Street Zen raised Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $139.62.

Insider Activity

In related news, insider Edward Skyler sold 25,000 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the director owned 12,194 shares in the company, valued at $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.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup announced a multi-year $30 billion share repurchase program and raised its quarterly dividend after completing the Federal Reserve’s 2026 stress test, signaling confidence in capital strength and a larger return of cash to shareholders. Should Citi’s (C) US$30 Billion Buyback and Dividend Hike Require Action From Investors?
• Positive Sentiment: Management is also highlighting AI adoption to cut costs and improve efficiency, which could help Citi expand margins and strengthen long-term earnings power. Citigroup Bets Big on AI to Drive Efficiency & Long-Term Growth
• Positive Sentiment: Citi’s research also pointed to a potentially large tokenized-assets market, estimating real-world assets moving on-chain could reach $2.7 trillion to $8.2 trillion by 2030, reinforcing the bank’s positioning in digital assets and next-gen market infrastructure. Tokenized Assets Could Hit $8.2 Trillion by 2030
• Neutral Sentiment: Separate commentary suggested open-source AI models are gaining traction as access to frontier models tightens, which supports Citi’s broader AI thesis but is not a direct catalyst for the stock. Citi flags open-source moment in AI as model access tightens
• Neutral Sentiment: Broader reports that major banks may post strong quarterly results are supportive for the sector, but they are not specific to Citi’s fundamentals. Major Banks Poised for Strong Quarterly Results, Outlook, Deutsche Bank Says

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.