Moore Capital Management LP Sells 234,528 Shares of Citigroup Inc. $C

Moore Capital Management LP cut its holdings in shares of Citigroup Inc. (NYSE:C) by 44.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 295,952 shares of the company’s stock after selling 234,528 shares during the period. Citigroup makes up approximately 0.5% of Moore Capital Management LP’s investment portfolio, making the stock its 29th largest holding. Moore Capital Management LP’s holdings in Citigroup were worth $34,535,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Verus Capital Partners LLC lifted its holdings in Citigroup by 3.1% during the fourth quarter. Verus Capital Partners LLC now owns 2,748 shares of the company’s stock worth $321,000 after acquiring an additional 82 shares in the last quarter. 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. D.B. Root & Company LLC increased its holdings in Citigroup by 2.8% during the 4th quarter. D.B. Root & Company LLC now owns 3,191 shares of the company’s stock worth $372,000 after purchasing an additional 87 shares in the last quarter. Finally, Cornerstone Wealth Management LLC increased its holdings in Citigroup by 0.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 10,393 shares of the company’s stock worth $1,213,000 after purchasing an additional 87 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Insider Transactions at Citigroup

In other news, insider Edward Skyler sold 25,000 shares of the stock in a transaction dated Wednesday, April 15th. The shares were 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 $23,919,511.02. This represents a 12.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.30, for a total transaction 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 represents a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Citigroup in a report on Thursday, March 26th. They set a “buy” rating and a $135.00 target price for the company. Evercore set a $139.00 target price on Citigroup in a report on Wednesday, April 15th. Oppenheimer reiterated an “outperform” rating and set a $145.00 target price on shares of Citigroup in a report on Friday, May 8th. Truist Financial set a $147.00 target price on Citigroup in a report on Friday, May 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $139.00 target price on shares of Citigroup in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $137.79.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup Investor Services and CREATE-Research released a report highlighting “operational alpha” trends in asset management, underscoring Citi’s role in advising institutional clients and its push into higher-value services. Article: Citi and CREATE-Research Report: Innovation in Asset Management Pivots to ‘Operational Alpha’
• Positive Sentiment: Citigroup appointed JianXun Toh to lead corporate banking across Japan, Asia North and Australia, a move that signals ongoing investment in its Asia-Pacific corporate banking franchise. Article: Citigroup (C) Appoints JianXun Toh To Lead Corporate Banking In JANA
• Positive Sentiment: Unusual options activity showed heavy call buying in Citigroup shares, which often reflects trader expectations for continued upside or near-term momentum. Reference link
• Positive Sentiment: Analyst commentary remains constructive overall, with Citigroup receiving a consensus “Moderate Buy” and recent coverage continuing to emphasize its restructuring progress, AI initiatives, and buybacks. Article: Citigroup Inc. (NYSE:C) Receives Consensus Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: Citigroup economists lowered their forecast for India rate hikes after easing oil-price risk from the Iran deal, but this is more of a macro-view update than a direct company catalyst. Article: Citi Scraps Calls for RBI Hikes as Iran Deal Cools Price Risks
• Neutral Sentiment: Recent data showed Citigroup card delinquencies improved in May, though rising charge-offs created a mixed picture for consumer credit quality. Article: Citigroup’s Card Delinquencies Decline, Charge-Offs Rise in May
• Negative Sentiment: New lawsuit headlines involving a former Citi executive and alleged Trump-related account concerns could add reputational and legal overhang for the bank. Article: Ex-Citi wealth MD alleges firing after flagging Trump-related client concerns, FT reports

Citigroup Trading Up 0.5%

Citigroup stock opened at $143.74 on Thursday. The firm has a 50-day moving average of $128.94 and a 200-day moving average of $119.04. Citigroup Inc. has a one year low of $77.26 and a one year high of $146.54. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $245.16 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 0.64 and a beta of 1.12.

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

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

Citigroup Announces Dividend

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

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.