Total Wealth Planning & Management Inc. Makes New $935,000 Investment in Citigroup Inc. $C

Total Wealth Planning & Management Inc. bought a new position in Citigroup Inc. (NYSE:C) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 8,009 shares of the company’s stock, valued at approximately $935,000.

A number of other hedge funds have also bought and sold shares of the business. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in Citigroup in the 4th quarter worth about $54,144,000. Harvest Fund Management Co. Ltd raised its position in Citigroup by 89.5% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 21,061 shares of the company’s stock worth $2,457,000 after buying an additional 9,947 shares during the last quarter. Curio Wealth LLC purchased a new position in Citigroup in the 4th quarter worth about $121,000. Westfield Capital Management Co. LP purchased a new position in Citigroup in the 4th quarter worth about $5,104,000. Finally, Vise Technologies Inc. raised its position in Citigroup by 68.1% in the 4th quarter. Vise Technologies Inc. now owns 55,426 shares of the company’s stock worth $6,468,000 after buying an additional 22,454 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup is reportedly part of a new tokenized deposit system being developed with JPMorgan and other major banks, a move that could help Citi compete with stablecoins and crypto-native firms while opening a new digital-payments growth avenue.
• Positive Sentiment: Citi said its AI document-processing system cut account-opening review time from 60 minutes to 15 minutes, signaling a meaningful productivity gain and a path to lower operating costs.
• Positive Sentiment: Citigroup was also mentioned as a possible bank for OpenAI’s upcoming IPO, which could bolster fee income and reinforce Citi’s role in high-profile capital markets deals.
• Positive Sentiment: Investor sentiment is further supported by Citi’s recent strong results, with quarterly EPS and revenue both beating estimates, and by analyst commentary pointing to a constructive technical setup for the stock.
• Neutral Sentiment: Citi announced redemptions of $3.15 billion in 2027-due notes. This is a routine balance-sheet action and does not appear to be a major surprise, but it may reflect ongoing capital management discipline.
• Neutral Sentiment: Several headlines focused on Citi’s broader research coverage of other companies and portfolio moves by Citi entities, but these appear to be more about the bank’s market presence than a direct driver of Citigroup’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on C shares. Barclays boosted their target price on Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research report on Monday, April 20th. Keefe, Bruyette & Woods boosted their price target on Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. The Goldman Sachs Group boosted their price target on Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Finally, Wells Fargo & Company boosted their price target on Citigroup from $160.00 to $162.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus target price of $137.62.

Citigroup Price Performance

NYSE C opened at $135.01 on Friday. The business’s fifty day moving average is $124.50 and its 200 day moving average is $116.64. Citigroup Inc. has a fifty-two week low of $75.66 and a fifty-two week high of $135.67. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $230.27 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 0.58 and a beta of 1.12.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.43. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The business had revenue of $24.63 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the previous year, the company posted $1.96 earnings per share. Citigroup’s revenue for the quarter was up 14.1% on a year-over-year basis. Sell-side analysts predict that Citigroup Inc. will post 10.68 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. Citigroup’s payout ratio is 29.74%.

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

Insider Buying and Selling

In related 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 transaction of $3,285,250.00. Following the completion of the transaction, the insider directly owned 182,022 shares in the company, valued at approximately $23,919,511.02. The trade was a 12.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Cunningham Dugan sold 2,117 shares of the business’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 transaction, the director owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. This trade represents a 14.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.11% of the company’s stock.

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.