Keybank National Association OH Has $6.51 Million Stock Holdings in Citigroup Inc. $C

Keybank National Association OH increased its position in shares of Citigroup Inc. (NYSE:C) by 17.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,408 shares of the company’s stock after acquiring an additional 8,709 shares during the quarter. Keybank National Association OH’s holdings in Citigroup were worth $6,511,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Smithbridge Asset Management Inc. DE boosted its position in shares of Citigroup by 612.7% during the first quarter. Smithbridge Asset Management Inc. DE now owns 16,057 shares of the company’s stock worth $1,821,000 after purchasing an additional 13,804 shares in the last quarter. Jacobsen Capital Management increased its position in shares of Citigroup by 4.5% in the 1st quarter. Jacobsen Capital Management now owns 2,431 shares of the company’s stock valued at $276,000 after buying an additional 105 shares in the last quarter. EJMK Ventures LLC acquired a new stake in Citigroup during the 1st quarter worth $263,000. Essex Financial Services Inc. raised its stake in Citigroup by 1.0% during the 1st quarter. Essex Financial Services Inc. now owns 17,717 shares of the company’s stock worth $2,009,000 after buying an additional 181 shares during the period. Finally, Deltec Asset Management LLC lifted its holdings in Citigroup by 198.8% during the first quarter. Deltec Asset Management LLC now owns 52,600 shares of the company’s stock worth $5,965,000 after acquiring an additional 34,995 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

C stock opened at $139.93 on Friday. The stock has a 50-day moving average price of $132.49 and a two-hundred day moving average price of $121.88. Citigroup Inc. has a 1 year low of $85.48 and a 1 year high of $147.96. The stock has a market cap of $238.67 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 EPS 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 analyst estimates of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 earnings per share. Equities analysts forecast that Citigroup Inc. will post 10.83 EPS for the current fiscal year.

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

Insider Buying and Selling

In related news, 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 value of $265,260.10. Following the sale, the director owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. This trade represents a 14.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of the business’s 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 completion of the sale, the insider owned 182,022 shares in the company, valued at $23,919,511.02. The trade was a 12.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.11% of the stock is currently owned by company insiders.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup remains in focus heading into the next bank earnings cycle, with analysts noting that expectations for the financial sector have been steadily improving and that large banks like Citi will help kick off reporting later this month. This keeps attention on whether Citi can extend its recent earnings momentum. Article Title
• Positive Sentiment: Citigroup recently announced a leadership addition in wealth management, appointing Michael Yannell to lead hedge funds within its alternatives platform. The move suggests Citi is expanding higher-fee wealth offerings to meet client demand, which may support revenue growth. Article Title
• Neutral Sentiment: Citi also made news for trimming its bitcoin and ether price targets, reflecting a more cautious stance on crypto demand and delayed US regulation. This is more of a sentiment call on digital assets than a direct catalyst for Citigroup shares. Article Title
• Negative Sentiment: Citi warned that oil could slump to $60 a barrel as Middle East supply fears fade, which reinforces a more bearish macro view from the bank’s research team. While not directly tied to Citi’s core earnings, the call can weigh on market sentiment around its commodity and trading outlook. Article Title

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Citigroup from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Oppenheimer cut Citigroup from an “outperform” rating to a “market perform” rating in a report on Tuesday. Piper Sandler reiterated an “overweight” rating and issued a $145.00 price objective (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. Keefe, Bruyette & Woods increased their target price on Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Morgan Stanley raised their target price on shares of Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $139.62.

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.