Lansforsakringar Fondforvaltning AB publ Sells 166,651 Shares of Citigroup Inc. $C

Lansforsakringar Fondforvaltning AB publ trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 13.9% during the first quarter, HoldingsChannel reports. The fund owned 1,031,974 shares of the company’s stock after selling 166,651 shares during the quarter. Citigroup comprises 0.6% of Lansforsakringar Fondforvaltning AB publ’s holdings, making the stock its 21st largest position. Lansforsakringar Fondforvaltning AB publ’s holdings in Citigroup were worth $117,036,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Next Level Private LLC lifted its holdings in shares of Citigroup by 9.9% during the first quarter. Next Level Private LLC now owns 7,550 shares of the company’s stock worth $856,000 after purchasing an additional 682 shares during the period. Continuum Advisory LLC grew its stake in shares of Citigroup by 4.0% in the first quarter. Continuum Advisory LLC now owns 8,898 shares of the company’s stock worth $1,009,000 after purchasing an additional 340 shares during the last quarter. Asset Allocation Strategies LLC increased its holdings in Citigroup by 3.3% in the first quarter. Asset Allocation Strategies LLC now owns 3,908 shares of the company’s stock valued at $443,000 after purchasing an additional 125 shares during the period. Pasadena Private Wealth LLC increased its holdings in Citigroup by 2.6% in the first quarter. Pasadena Private Wealth LLC now owns 3,736 shares of the company’s stock valued at $424,000 after purchasing an additional 94 shares during the period. Finally, Vicus Capital raised its position in Citigroup by 2.4% during the 1st quarter. Vicus Capital now owns 5,019 shares of the company’s stock worth $569,000 after purchasing an additional 119 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Insider Buying and Selling

In other Citigroup news, insider Edward Skyler sold 25,000 shares of the business’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 value 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. 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 can be accessed through this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $125.30, for a total value of $265,260.10. Following the transaction, the director owned 12,194 shares in the company, valued at $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.11% of the company’s stock.

Citigroup Stock Performance

Shares of 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 firm’s fifty day simple moving average is $131.82 and its two-hundred day simple moving average is $121.15. Citigroup Inc. has a 12 month low of $84.61 and a 12 month high of $147.96. The stock has a market capitalization of $243.23 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 0.61 and a beta of 1.12.

Citigroup (NYSE:C) last posted its quarterly earnings data 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. The firm had revenue of $24.63 billion during the quarter, compared to analyst estimates of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the company posted $1.96 EPS. As a group, analysts predict that Citigroup Inc. will post 10.8 EPS for the current year.

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

Citigroup Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Barclays lifted their target price on Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Wells Fargo & Company raised their price objective on Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. Oppenheimer reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of Citigroup in a research note on Friday, May 8th. Keefe, Bruyette & Woods upped their target price on Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Morgan Stanley increased their target price on shares of Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average price target of $139.62.

More Citigroup News

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

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.