Citigroup Inc. $C Shares Bought by Marsico Capital Management LLC

Marsico Capital Management LLC grew its holdings in shares of Citigroup Inc. (NYSE:C) by 16.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 836,729 shares of the company’s stock after acquiring an additional 119,835 shares during the period. Citigroup comprises about 2.7% of Marsico Capital Management LLC’s investment portfolio, making the stock its 16th biggest holding. Marsico Capital Management LLC’s holdings in Citigroup were worth $97,638,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of C. Barings LLC acquired a new position in Citigroup in the fourth quarter worth about $202,000. Hibernia Wealth Partners LLC acquired a new position in Citigroup in the fourth quarter worth about $239,000. Principal Securities Inc. grew its stake in Citigroup by 9.4% in the fourth quarter. Principal Securities Inc. now owns 60,856 shares of the company’s stock worth $7,101,000 after purchasing an additional 5,214 shares in the last quarter. Connecticut Wealth Management LLC grew its stake in Citigroup by 10.6% in the fourth quarter. Connecticut Wealth Management LLC now owns 2,879 shares of the company’s stock worth $336,000 after purchasing an additional 276 shares in the last quarter. Finally, Aviva PLC grew its stake in Citigroup by 5.3% in the fourth quarter. Aviva PLC now owns 1,590,361 shares of the company’s stock worth $185,579,000 after purchasing an additional 79,753 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup launched a blockchain platform for tokenized private-company shares, becoming the first major bank to issue and custody digital depositary receipts. Investors may view this as a sign that Citi is leaning into a new growth area in private markets and digital assets. Citigroup Is Rolling Out Tokenized Shares of Private Companies
• Positive Sentiment: Citi also expanded the initiative through tokenized depositary receipts aimed at broadening access to private markets, which could support fee generation and reinforce the bank’s innovation narrative. Citigroup Expands Access to Private Markets With Tokenized Depositary Receipts
• Positive Sentiment: Separately, commentary highlighted Citigroup’s turnaround progress, stronger trading results, and a solid investment-banking outlook, reinforcing the view that earnings momentum is improving. C Highlights Turnaround Progress, Solid Q2 Trading & IB Outlook
• Neutral Sentiment: Citigroup hired Ryan Beaupré as a managing director in consumer and retail investment banking, a modest but constructive staffing move that supports its dealmaking push. Citi hires Ryan Beaupré as MD in consumer and retail investment banking push
• Neutral Sentiment: Trump’s public praise for Citi’s M&A ranking has added attention to the stock, but the boost may be limited because the ranking itself has been disputed and does not fully reflect Citi’s actual position. Citigroup shares outperform down market after Trump endorsement

Analysts Set New Price Targets

A number of equities analysts recently commented on C shares. Morgan Stanley lifted their price target on Citigroup from $140.00 to $144.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Wall Street Zen raised shares of Citigroup from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Wells Fargo & Company raised their target price on shares of Citigroup from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Barclays raised their target price on shares of Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.62.

Insider Activity at Citigroup

In other Citigroup news, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction that occurred 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 transaction, the insider owned 182,022 shares in the company, valued at approximately $23,919,511.02. The trade was a 12.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $125.30, for a total transaction of $265,260.10. Following the completion of the transaction, the director owned 12,194 shares in the company, valued at approximately $1,527,908.20. This trade represents a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.11% of the company’s stock.

Citigroup Stock Performance

Shares of NYSE C opened at $137.89 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.59. The firm’s 50-day moving average price is $126.85 and its two-hundred day moving average price is $117.91. Citigroup Inc. has a 52-week low of $76.11 and a 52-week high of $138.23. The stock has a market capitalization of $235.18 billion, a P/E ratio of 17.09, a P/E/G ratio of 0.60 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 for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. The company had revenue of $24.63 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 earnings per share. As a group, sell-side analysts forecast that Citigroup Inc. will post 10.68 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were given a $0.60 dividend. The ex-dividend date was Monday, May 4th. This represents a $2.40 annualized dividend and a yield of 1.7%. Citigroup’s payout ratio is 29.74%.

Citigroup declared that its board has authorized a stock repurchase program on Thursday, May 7th that permits the company to buyback $30.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 13.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

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.