Ruffer LLP Decreases Stake in Citigroup Inc. $C

Ruffer LLP lowered its position in Citigroup Inc. (NYSE:C) by 34.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,850 shares of the company’s stock after selling 7,120 shares during the period. Ruffer LLP’s holdings in Citigroup were worth $1,619,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in C. Brookstone Capital Management increased its stake in shares of Citigroup by 31.5% in the 3rd quarter. Brookstone Capital Management now owns 75,914 shares of the company’s stock worth $7,705,000 after acquiring an additional 18,176 shares during the last quarter. Permanent Capital Management LP acquired a new stake in shares of Citigroup in the 3rd quarter worth $1,238,000. Donaldson Capital Management LLC acquired a new stake in shares of Citigroup in the 3rd quarter worth $58,994,000. Penobscot Investment Management Company Inc. increased its stake in shares of Citigroup by 61.5% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 57,033 shares of the company’s stock worth $5,789,000 after acquiring an additional 21,720 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its stake in shares of Citigroup by 27.2% in the 3rd quarter. Perigon Wealth Management LLC now owns 75,566 shares of the company’s stock worth $7,670,000 after acquiring an additional 16,171 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on C. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Oppenheimer raised their price objective on Citigroup from $132.00 to $144.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Citigroup from $131.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Barclays increased their target price on shares of Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Finally, TD Cowen reiterated a “hold” rating on shares of Citigroup in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.94.

Citigroup Price Performance

Shares of C opened at $129.59 on Thursday. Citigroup Inc. has a 1-year low of $65.78 and a 1-year high of $135.29. The stock has a market cap of $222.23 billion, a PE ratio of 16.06, a P/E/G ratio of 0.59 and a beta of 1.11. The firm has a 50-day simple moving average of $115.19 and a two-hundred day simple moving average of $110.94. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 1.00.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. The business had revenue of $24.63 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the business earned $1.96 earnings per share. As a group, analysts forecast that Citigroup Inc. will post 10.62 EPS for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, May 4th. Citigroup’s payout ratio is currently 29.74%.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Quarterly performance and revenue strength: analysts and outlets note Citi posted decade?high Q1 revenues and continued broad-based growth, supporting the case that its turnaround under CEO Jane Fraser is progressing. Citigroup Q1 Revenues Hit Decade-High Mark: What’s Fuelling Growth?
• Positive Sentiment: Liability management: Citigroup Global Markets launched offers to purchase three series of outstanding Citigroup notes (waterfall methodology) — a balance?sheet move that can reduce interest burden or optimize funding structure and is typically viewed positively by bond/equity investors. Citi Announces Offers to Purchase Three Series of Outstanding Citigroup Inc. Notes
• Positive Sentiment: Wealth-tech and client initiatives: Citi is rolling out an AI avatar (“Sky”) for wealth advisors and expanding Citigold private?client services — steps that aim to boost advisor productivity and client acquisition in higher?margin businesses. Citi Is Launching an AI Avatar Named Sky. It’s the Bank’s Biggest Bet Yet on Wealth Tech.
• Neutral Sentiment: Momentum/analyst coverage: multiple outlets profile Citi as a momentum stock and discuss analyst views and upgraded price targets; useful context but not a near?term catalyst on its own. What Makes Citigroup (C) a Strong Momentum Stock: Buy Now?
• Neutral Sentiment: Sector lift from big?bank earnings: Citi’s beat alongside peers helped lift financials broadly, but market caution remains and broader macro headlines (e.g., geopolitics) can blunt follow?through. Big Bank Earnings Gave Financials a Lift, But Wall Street Is Still Cautious
• Negative Sentiment: Valuation concerns and profit?taking: coverage questioning whether Citi is overpriced after a ~100% one?year surge is prompting re?rating risk and short?term selling pressure from investors locking in gains. Is It Too Late To Reassess Citigroup (C) After Its 109% One Year Surge?
• Negative Sentiment: Momentum stretch / technical pullback risk: commentary about Citi hitting a 52?week high and the need to evaluate future upside raises the possibility of short?term weakness as the stock digests gains. Citigroup Inc. (C) Hit a 52 Week High, Can the Run Continue?

Insider Activity

In other Citigroup news, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction dated 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $111.09, for a total value of $4,796,088.57. Following the completion of the transaction, the insider directly owned 45,835 shares of the company’s stock, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 92,318 shares of company stock valued at $10,764,814. 0.11% of the stock is currently owned by corporate insiders.

Citigroup Company 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.