Deltec Asset Management LLC Acquires 34,995 Shares of Citigroup Inc. $C

Deltec Asset Management LLC raised its holdings in Citigroup Inc. (NYSE:C) by 198.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 52,600 shares of the company’s stock after acquiring an additional 34,995 shares during the quarter. Citigroup accounts for approximately 1.1% of Deltec Asset Management LLC’s investment portfolio, making the stock its 25th largest holding. Deltec Asset Management LLC’s holdings in Citigroup were worth $5,965,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of C. Mcguire Capital Advisors Inc. purchased a new stake in Citigroup in the fourth quarter valued at approximately $25,000. Richards Merrill & Peterson Inc. bought a new stake in Citigroup during the fourth quarter valued at approximately $28,000. TD Capital Management LLC purchased a new position in Citigroup in the 4th quarter worth approximately $28,000. Luken Investment Analytics LLC purchased a new position in Citigroup in the 4th quarter worth approximately $32,000. Finally, High Note Wealth LLC increased its holdings in shares of Citigroup by 107.7% in the 4th quarter. High Note Wealth LLC now owns 270 shares of the company’s stock worth $32,000 after buying an additional 140 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 0.1%

C stock opened at $140.13 on Thursday. The company has a market capitalization of $239.00 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11. Citigroup Inc. has a one year low of $85.46 and a one year high of $147.96. The company’s 50 day moving average price is $132.12 and its two-hundred day moving average price is $121.55. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last announced its quarterly earnings data 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 firm had revenue of $24.63 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same period in the previous year, the business posted $1.96 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, analysts predict that Citigroup Inc. will post 10.83 earnings per share for the current fiscal year.

Citigroup declared that its Board of Directors has approved a share buyback program on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 13.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup passed the Fed’s 2026 stress test, supporting the case for a larger dividend and signaling solid capital resilience. 3 Big Banks Plan Double Digit Dividend Increases After Passing Fed Stress Test (C)
• Positive Sentiment: Analysts have raised earnings expectations for Citigroup, which can help reinforce investor confidence ahead of its next quarterly report. Citigroup Inc. Stock Overview
• Positive Sentiment: Wall Street commentary continues to frame Citigroup as a potential earnings beat candidate, suggesting fundamentals may remain better than feared. Will Citigroup (C) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Citigroup announced redemptions of $2.5 billion in 2026 notes, a routine capital-management action that is more likely to be viewed as balance-sheet housekeeping than a major stock catalyst. Citibank Announces $1.5 Billion Redemption of 4.929% Notes Due 2026 and $1 Billion Redemption of Floating Rate Notes Due 2026
• Negative Sentiment: Citigroup’s crypto research was broadly bearish, with the firm cutting bitcoin and ether price targets on weaker investor appetite and ETF outflows; that’s not a direct hit to Citigroup’s core banking business, but it may weigh on sentiment around its digital-assets outlook. Citi cuts bitcoin, ether forecasts as ETF flows turn negative
• Negative Sentiment: A separate market note warned that bank stocks may be getting stretched after a strong run, which could encourage some investors to take profits in Citigroup and peers. Bank Stocks Are Doing Great, but It’s Time to ‘Take the Money and Run’

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on C. Truist Financial raised their price objective on shares of Citigroup from $147.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. The Goldman Sachs Group increased their target price on Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Oppenheimer downgraded Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $145.00 price target (up from $125.00) on shares of Citigroup in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $139.62.

Insiders Place Their Bets

In other Citigroup news, insider Edward Skyler sold 25,000 shares of the business’s stock in a transaction on 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 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 sale, the director owned 12,194 shares of the company’s stock, valued at approximately $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. 0.11% of the stock is owned by company insiders.

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.