KPP Advisory Services LLC Lowers Stock Position in Citigroup Inc. $C

KPP Advisory Services LLC cut its position in Citigroup Inc. (NYSE:C) by 32.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,680 shares of the company’s stock after selling 6,619 shares during the period. KPP Advisory Services LLC’s holdings in Citigroup were worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Citigroup by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after acquiring an additional 4,938,923 shares during the period. Capital World Investors grew its holdings in shares of Citigroup by 6.5% in the third quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock valued at $4,797,292,000 after purchasing an additional 2,871,074 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Citigroup by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock worth $5,036,712,000 after buying an additional 189,548 shares during the last quarter. Franklin Resources Inc. raised its position in Citigroup by 4.0% during the fourth quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock valued at $3,990,422,000 after purchasing an additional 1,326,224 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in Citigroup by 2.6% during the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock valued at $3,954,307,000 after buying an additional 846,772 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of the business’s 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 sale, the director directly owned 12,194 shares in the company, valued at approximately $1,527,908.20. The trade was a 14.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $131.41, for a total value of $3,285,250.00. Following the sale, the insider owned 182,022 shares of the company’s stock, valued at $23,919,511.02. The trade was a 12.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on C shares. JPMorgan Chase & Co. raised their price objective on shares of Citigroup from $131.00 to $135.50 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. The Goldman Sachs Group upped their price target on shares of Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Oppenheimer downgraded Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Morgan Stanley upped their price target on Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Truist Financial upped their price objective on shares of Citigroup from $147.00 to $158.00 and gave the company a “buy” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $139.62.

Citigroup Stock Up 0.1%

Citigroup stock opened at $140.13 on Thursday. 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 has a market cap of $239.00 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11. The business’s 50-day moving average price is $132.12 and its 200 day moving average price is $121.55. Citigroup Inc. has a 52 week low of $85.46 and a 52 week high of $147.96.

Citigroup (NYSE:C) last posted its earnings results 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 firm 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 revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.96 EPS. As a group, sell-side analysts anticipate that Citigroup Inc. will post 10.83 earnings per share for the current year.

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

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup passed the Fed’s 2026 stress test, supporting the case for a larger dividend and signaling solid capital resilience. 3 Big Banks Plan Double Digit Dividend Increases After Passing Fed Stress Test (C)
• Positive Sentiment: Analysts have raised earnings expectations for Citigroup, which can help reinforce investor confidence ahead of its next quarterly report. Citigroup Inc. Stock Overview
• Positive Sentiment: Wall Street commentary continues to frame Citigroup as a potential earnings beat candidate, suggesting fundamentals may remain better than feared. Will Citigroup (C) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Citigroup announced redemptions of $2.5 billion in 2026 notes, a routine capital-management action that is more likely to be viewed as balance-sheet housekeeping than a major stock catalyst. Citibank Announces $1.5 Billion Redemption of 4.929% Notes Due 2026 and $1 Billion Redemption of Floating Rate Notes Due 2026
• Negative Sentiment: Citigroup’s crypto research was broadly bearish, with the firm cutting bitcoin and ether price targets on weaker investor appetite and ETF outflows; that’s not a direct hit to Citigroup’s core banking business, but it may weigh on sentiment around its digital-assets outlook. Citi cuts bitcoin, ether forecasts as ETF flows turn negative
• Negative Sentiment: A separate market note warned that bank stocks may be getting stretched after a strong run, which could encourage some investors to take profits in Citigroup and peers. Bank Stocks Are Doing Great, but It’s Time to ‘Take the Money and Run’

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.