Rep. Bruce Westerman Buys Citigroup Inc. (NYSE:C) Shares

Representative Bruce Westerman (R-Arkansas) recently bought shares of Citigroup Inc. (NYSE:C). In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Citigroup stock on March 3rd. The trade occurred in the Representative’s “FISHER IRA” account.

Representative Bruce Westerman also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) on 4/2/2025.
• Purchased $1,001 – $15,000 in shares of Sony Group (NYSE:SONY) on 3/24/2025.
• Purchased $1,001 – $15,000 in shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) on 3/21/2025.
• Purchased $1,001 – $15,000 in shares of BP (NYSE:BP) on 3/21/2025.
• Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 3/20/2025.
• Purchased $1,001 – $15,000 in shares of ASML (NASDAQ:ASML) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Visa (NYSE:V) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 3/20/2025.

Citigroup Stock Up 1.8 %

Shares of NYSE:C traded up $1.13 during trading on Friday, hitting $63.23. 14,653,830 shares of the company’s stock traded hands, compared to its average volume of 14,419,522. The company has a 50-day moving average price of $71.47 and a 200-day moving average price of $70.91. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The company has a market cap of $119.01 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29.

Citigroup (NYSE:C) last released its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The firm had revenue of $21.60 billion during the quarter, compared to analysts’ expectations of $21.34 billion. As a group, research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup announced that its board has approved a share buyback program on Wednesday, January 15th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 13.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be paid a dividend of $0.56 per share. The ex-dividend date is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.54%. Citigroup’s dividend payout ratio (DPR) is presently 37.65%.

Institutional Trading of Citigroup

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Resource Group grew its stake in shares of Citigroup by 3.7% during the 3rd quarter. Advisory Resource Group now owns 72,947 shares of the company’s stock worth $4,566,000 after acquiring an additional 2,590 shares during the period. Te Ahumairangi Investment Management Ltd boosted its position in Citigroup by 6.7% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 202,691 shares of the company’s stock worth $12,617,000 after purchasing an additional 12,810 shares during the period. Anchor Investment Management LLC raised its position in shares of Citigroup by 24.4% in the third quarter. Anchor Investment Management LLC now owns 2,557 shares of the company’s stock valued at $160,000 after purchasing an additional 501 shares during the period. World Investment Advisors LLC boosted its holdings in Citigroup by 36.6% in the 3rd quarter. World Investment Advisors LLC now owns 21,527 shares of the company’s stock worth $1,348,000 after buying an additional 5,763 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its holdings in Citigroup by 432.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 38,191 shares of the company’s stock valued at $2,391,000 after acquiring an additional 31,020 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insider Activity

In other Citigroup news, insider Sara Wechter sold 15,125 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.01, for a total value of $1,225,276.25. Following the sale, the insider now owns 109,780 shares of the company’s stock, valued at $8,893,277.80. This trade represents a 12.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the sale, the chief operating officer now directly owns 229,180 shares in the company, valued at $18,586,498. The trade was a 11.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,590 shares of company stock worth $8,523,149. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

C has been the topic of several analyst reports. Royal Bank of Canada reduced their price target on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Citigroup from $85.50 to $75.50 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. StockNews.com cut shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Sunday, March 30th. Truist Financial dropped their price objective on Citigroup from $84.00 to $79.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Oppenheimer dropped their price objective on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.61.

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas’ 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas’ 4th Congressional District. He declared candidacy for the 2026 election.

Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.