Citigroup Inc. $C Shares Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC raised its stake in shares of Citigroup Inc. (NYSE:C) by 90.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,184 shares of the company’s stock after buying an additional 3,898 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Citigroup were worth $928,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of C. Brighton Jones LLC lifted its holdings in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Citigroup by 20.5% in the second quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock valued at $835,000 after buying an additional 1,669 shares during the last quarter. United Bank acquired a new position in shares of Citigroup in the second quarter valued at approximately $972,000. Osterweis Capital Management Inc. lifted its stake in shares of Citigroup by 3,016.7% during the second quarter. Osterweis Capital Management Inc. now owns 935 shares of the company’s stock valued at $80,000 after buying an additional 905 shares during the period. Finally, HUB Investment Partners LLC boosted its position in Citigroup by 26.9% during the second quarter. HUB Investment Partners LLC now owns 15,287 shares of the company’s stock worth $1,301,000 after acquiring an additional 3,238 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup announced a multi-year $30 billion share repurchase program and raised its quarterly dividend after completing the Federal Reserve’s 2026 stress test, signaling confidence in capital strength and a larger return of cash to shareholders. Should Citi’s (C) US$30 Billion Buyback and Dividend Hike Require Action From Investors?
• Positive Sentiment: Management is also highlighting AI adoption to cut costs and improve efficiency, which could help Citi expand margins and strengthen long-term earnings power. Citigroup Bets Big on AI to Drive Efficiency & Long-Term Growth
• Positive Sentiment: Citi’s research also pointed to a potentially large tokenized-assets market, estimating real-world assets moving on-chain could reach $2.7 trillion to $8.2 trillion by 2030, reinforcing the bank’s positioning in digital assets and next-gen market infrastructure. Tokenized Assets Could Hit $8.2 Trillion by 2030
• Neutral Sentiment: Separate commentary suggested open-source AI models are gaining traction as access to frontier models tightens, which supports Citi’s broader AI thesis but is not a direct catalyst for the stock. Citi flags open-source moment in AI as model access tightens
• Neutral Sentiment: Broader reports that major banks may post strong quarterly results are supportive for the sector, but they are not specific to Citi’s fundamentals. Major Banks Poised for Strong Quarterly Results, Outlook, Deutsche Bank Says

Insider Transactions at Citigroup

In related news, insider Edward Skyler sold 25,000 shares of the stock in a transaction that occurred on 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 sale, the insider owned 182,022 shares of the company’s stock, valued at approximately $23,919,511.02. This represents a 12.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Cunningham Dugan sold 2,117 shares of the firm’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 transaction of $265,260.10. Following the completion of the transaction, the director owned 12,194 shares in the company, valued at $1,527,908.20. The trade was a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.11% of the company’s stock.

Citigroup Stock Performance

NYSE:C opened at $142.61 on Tuesday. 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 company has a market cap of $243.23 billion, a P/E ratio of 17.67, a P/E/G ratio of 0.61 and a beta of 1.12. Citigroup Inc. has a fifty-two week low of $84.61 and a fifty-two week high of $147.96. The firm’s 50 day moving average is $131.82 and its two-hundred day moving average is $121.15.

Citigroup (NYSE:C) last announced its quarterly earnings data 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. The company 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 quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.96 EPS. Analysts expect that Citigroup Inc. will post 10.8 EPS for the current year.

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

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders 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 annualized dividend and a yield of 1.7%. Citigroup’s dividend payout ratio is currently 29.74%.

Wall Street Analysts Forecast Growth

Several research firms have commented on C. Evercore set a $139.00 target price on shares of Citigroup in a research note on Wednesday, April 15th. Piper Sandler reissued an “overweight” rating and set a $145.00 price target (up from $125.00) on shares of Citigroup in a research note on Wednesday, April 15th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a report on Monday, April 20th. Wells Fargo & Company lifted their price objective on Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Finally, Keefe, Bruyette & Woods upped their target price on Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. One 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $139.62.

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.