Thames Capital Management LLC Invests $17.81 Million in Citigroup Inc. $C

Thames Capital Management LLC acquired a new position in shares of Citigroup Inc. (NYSE:C) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 152,640 shares of the company’s stock, valued at approximately $17,812,000. Citigroup comprises 2.6% of Thames Capital Management LLC’s portfolio, making the stock its 17th largest holding.

Several other large investors have also modified their holdings of the stock. WASHINGTON TRUST Co purchased a new position in shares of Citigroup during the 4th quarter worth about $338,000. Forsta AP Fonden lifted its holdings in shares of Citigroup by 2.0% during the 4th quarter. Forsta AP Fonden now owns 406,100 shares of the company’s stock worth $47,388,000 after acquiring an additional 8,100 shares during the period. Norges Bank purchased a new position in shares of Citigroup during the 4th quarter worth about $2,800,944,000. Fort Sheridan Advisors LLC lifted its holdings in shares of Citigroup by 1.5% during the 4th quarter. Fort Sheridan Advisors LLC now owns 11,914 shares of the company’s stock worth $1,390,000 after acquiring an additional 177 shares during the period. Finally, Coyle Financial Counsel LLC lifted its holdings in shares of Citigroup by 53.5% during the 4th quarter. Coyle Financial Counsel LLC now owns 3,365 shares of the company’s stock worth $393,000 after acquiring an additional 1,173 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on C. Jefferies Financial Group began coverage on shares of Citigroup in a report on Thursday, March 26th. They issued a “buy” rating and a $135.00 price target on the stock. Keefe, Bruyette & Woods raised their price target on shares of Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Evercore set a $139.00 price target on shares of Citigroup in a report on Wednesday, April 15th. Finally, The Goldman Sachs Group raised 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $137.62.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s latest quarter beat expectations, with EPS of $3.06 versus $2.63 expected and revenue of $24.63 billion topping estimates, reinforcing confidence in the bank’s earnings momentum.
• Positive Sentiment: Recent coverage highlights Citigroup’s growth drivers, including loan demand, private credit expansion, and ongoing transformation efforts that analysts say could support revenue growth through 2026. Top Research Reports for Citigroup, TotalEnergies & AppLovin
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple firms maintaining Buy/Overweight ratings and recent price targets clustering well above the current trading range, suggesting room for further upside.
• Positive Sentiment: News that Citigroup is concentrating more wealth-management hiring in Asia points to a strategic push into a faster-growing, more productive market segment. Citigroup Inc. (C) Anchors Wealth Hiring in Asia
• Neutral Sentiment: Several articles also note Citigroup’s stock has been broadly outperforming some financial peers this year, but these pieces are more comparison-focused than catalyst-driven. Is Citigroup (C) Stock Outpacing Its Finance Peers This Year?
• Negative Sentiment: Some institutional holdings data show major investors trimming positions, including BlackRock and T. Rowe Price, which may temper enthusiasm despite the stronger operating trends.

Citigroup Stock Up 0.8%

C stock opened at $125.73 on Friday. Citigroup Inc. has a twelve month low of $74.30 and a twelve month high of $135.29. 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 market capitalization of $214.44 billion, a P/E ratio of 15.58, a PEG ratio of 0.56 and a beta of 1.14. The firm has a 50 day simple moving average of $122.89 and a 200-day simple moving average of $115.69.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter last year, the company earned $1.96 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts predict that Citigroup Inc. will post 10.68 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. Citigroup’s dividend payout ratio (DPR) is presently 29.74%.

Citigroup announced that its board has authorized a share repurchase program on Thursday, May 7th that authorizes the company to buyback $30.00 billion in shares. This buyback authorization authorizes the company to buy up to 13.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, insider Edward Skyler sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of the firm’s 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 sale, the director directly owned 12,194 shares of the company’s stock, 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. 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.