Baker Avenue Asset Management LP Has $4.86 Million Holdings in Citigroup Inc. $C

Baker Avenue Asset Management LP increased its position in Citigroup Inc. (NYSE:C) by 15.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 41,638 shares of the company’s stock after buying an additional 5,704 shares during the period. Baker Avenue Asset Management LP’s holdings in Citigroup were worth $4,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Donaldson Capital Management LLC bought a new position in shares of Citigroup in the third quarter worth approximately $58,994,000. Truist Financial Corp boosted its holdings in Citigroup by 4.7% in the fourth quarter. Truist Financial Corp now owns 375,977 shares of the company’s stock valued at $43,873,000 after acquiring an additional 16,744 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in Citigroup by 17.3% in the third quarter. Kovitz Investment Group Partners LLC now owns 663,416 shares of the company’s stock valued at $67,337,000 after acquiring an additional 98,082 shares in the last quarter. Gunderson Capital Management Inc. bought a new stake in Citigroup in the fourth quarter valued at $7,165,000. Finally, Brighton Jones LLC boosted its holdings in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Insider Transactions at Citigroup

In other Citigroup news, insider Edward Skyler sold 25,000 shares of the business’s 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 owned 182,022 shares of the company’s stock, valued at approximately $23,919,511.02. The trade was a 12.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of the transaction, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. 0.11% of the stock is currently owned by insiders.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analyst commentary points to Citigroup’s revenue growth potential through 2026, driven by loan demand, private credit expansion, and continued restructuring/transformation progress. Top Research Reports for Citigroup, TotalEnergies & AppLovin
• Positive Sentiment: Recent earnings momentum remains a tailwind: Citigroup beat consensus expectations last quarter and posted double-digit revenue growth year over year, reinforcing the case that the turnaround is gaining traction.
• Positive Sentiment: Wall Street sentiment remains favorable overall, with recent buy/overweight ratings and several higher price targets suggesting analysts still see upside in Citigroup (C).
• Neutral Sentiment: Several articles compared Citigroup’s performance with peers such as Goldman Sachs and BGC Group, but these were mostly valuation and relative-performance discussions rather than new fundamental developments. Goldman vs. Citigroup: Which Financial Giant Should You Pick Now?
• Neutral Sentiment: Social-media chatter around the stock largely focused on Citi’s recent earnings beat and sector strength, but did not introduce a materially new catalyst.

Citigroup Stock Performance

Shares of Citigroup stock opened at $124.76 on Friday. The stock has a market cap of $212.79 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 0.56 and a beta of 1.14. The firm’s 50-day moving average is $122.55 and its 200 day moving average is $115.62. Citigroup Inc. has a 1 year low of $74.30 and a 1 year high of $135.29. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, topping 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 net margin of 9.35% and a return on equity of 9.19%. Citigroup’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.96 EPS. Sell-side analysts anticipate that Citigroup Inc. will post 10.68 EPS for the current fiscal year.

Citigroup declared that its Board of Directors has authorized a share buyback program 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 programs are generally an indication that the company’s board believes its shares are undervalued.

Citigroup Announces Dividend

The firm also recently announced 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 of this dividend was Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. Citigroup’s payout ratio is 29.74%.

Analyst Ratings Changes

Several research firms recently weighed in on C. JPMorgan Chase & Co. lifted their price target on shares of Citigroup from $131.00 to $135.50 and gave the company an “overweight” rating in a report on Thursday, April 30th. Barclays lifted their price target on shares of Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Jefferies Financial Group started coverage on shares of Citigroup in a report on Thursday, March 26th. They issued a “buy” rating and a $135.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $137.62.

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.