Optas LLC Purchases 7,528 Shares of Citigroup Inc. $C

Optas LLC boosted its position in shares of Citigroup Inc. (NYSE:C) by 152.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,476 shares of the company’s stock after purchasing an additional 7,528 shares during the period. Optas LLC’s holdings in Citigroup were worth $1,456,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Elmwood Wealth Management Inc. increased its holdings in Citigroup by 1.3% during the 4th quarter. Elmwood Wealth Management Inc. now owns 6,845 shares of the company’s stock worth $799,000 after purchasing an additional 85 shares in the last quarter. Park Place Capital Corp increased its holdings in Citigroup by 16.7% during the 4th quarter. Park Place Capital Corp now owns 595 shares of the company’s stock worth $69,000 after purchasing an additional 85 shares in the last quarter. LeConte Wealth Management LLC increased its holdings in Citigroup by 3.9% during the 4th quarter. LeConte Wealth Management LLC now owns 2,502 shares of the company’s stock worth $292,000 after purchasing an additional 94 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in Citigroup by 0.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 15,411 shares of the company’s stock worth $1,870,000 after purchasing an additional 97 shares in the last quarter. Finally, Boltwood Capital Management increased its holdings in Citigroup by 2.6% during the 4th quarter. Boltwood Capital Management now owns 3,893 shares of the company’s stock worth $454,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Insider Buying and Selling

In related news, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the completion of the transaction, the insider owned 45,835 shares in the company, valued at approximately $5,091,810.15. This trade represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Citigroup Price Performance

NYSE:C opened at $132.93 on Tuesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.00 and a current ratio of 0.99. The stock’s 50-day simple moving average is $114.75 and its 200 day simple moving average is $110.57. The company has a market cap of $227.97 billion, a P/E ratio of 16.47, a P/E/G ratio of 0.60 and a beta of 1.11. Citigroup Inc. has a 52-week low of $61.95 and a 52-week high of $133.57.

Citigroup (NYSE:C) last released its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. Citigroup’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts forecast that Citigroup Inc. will post 10.49 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. Citigroup’s dividend payout ratio (DPR) is presently 29.74%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on C shares. Wells Fargo & Company lifted their target price on Citigroup from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Jefferies Financial Group started coverage on Citigroup in a research report on Thursday, March 26th. They issued a “buy” rating and a $135.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on Citigroup from $134.00 to $131.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Truist Financial lifted their target price on Citigroup from $133.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $145.00 target price (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average price target of $135.94.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q1 beat + analyst upgrade: Citigroup reported stronger?than?expected Q1 results (EPS and revenue) and RBC Capital raised its price target to $139 while keeping an Outperform rating — a direct catalyst for buying interest. Why Citigroup Inc. (C) is One of the Best Cheap Stocks for Beginners to Invest in
• Positive Sentiment: Street attention / momentum: Zacks and other outlets have highlighted C as a top pick amid recent market strength, supporting momentum flows into the stock. Take the Zacks Approach to Beat the Markets: Citigroup in Focus
• Neutral Sentiment: Citi research on macro markets — including a note that oil could reach $110 if Strait of Hormuz disruptions persist — highlights the bank’s active research franchise (good for fee/flow businesses) but is not an immediate driver of Citigroup equity performance. Citi Sees Oil at $110 If Hormuz Disruption Lasts Another Month
• Neutral Sentiment: Fixed?income market notes from Citi (e.g., commentary on UK bond supply moderating) underscore the bank’s market research influence; informational for investors but mixed for near?term stock direction. Drop in UK Bond Sales to Limit Political Risk Selloff, Citi Says
• Neutral Sentiment: Product partnerships: Citi remains active in co?brand card programs (example: AT&T Points Plus refresh), which supports consumer fee income but represents gradual, not immediate, EPS upside. AT&T and Citi Enhance the AT&T Points Plus Card
• Negative Sentiment: Geopolitical risk / oil volatility: Renewed Strait of Hormuz headlines and oil price swings increase market volatility and could pressure trading revenue and risk assets if tensions escalate or snap back. Oil Slips as Iran Set to Attend Negotiations With US in Pakistan
• Negative Sentiment: Longer?term competition from fintechs: Startups seeking bank charters (e.g., Mission Lane) increase competitive pressure in cards/consumer lending over time, a potential headwind for margins. Mission Lane Credit Card Startup Wants to Become National Bank

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.