Citigroup Inc. $C Position Reduced by Optas LLC

Optas LLC reduced its stake in shares of Citigroup Inc. (NYSE:C) by 42.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,135 shares of the company’s stock after selling 5,341 shares during the period. Optas LLC’s holdings in Citigroup were worth $809,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Citigroup by 20.5% during 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 in the last quarter. United Bank bought a new position in Citigroup during the 2nd quarter worth approximately $972,000. Osterweis Capital Management Inc. lifted its holdings in Citigroup by 3,016.7% during the 2nd quarter. Osterweis Capital Management Inc. now owns 935 shares of the company’s stock worth $80,000 after buying an additional 905 shares during the last quarter. Finally, HUB Investment Partners LLC grew its position in shares of Citigroup by 26.9% in the 2nd 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 in the last quarter. 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 and other major banks passed the Fed’s 2026 stress tests, clearing the way for dividend increases and reinforcing confidence in the bank’s capital strength.
• Positive Sentiment: Analysts continue to expect Citi to post solid results, with recent reports highlighting its strong earnings-surprise history ahead of the next quarterly release.
• Positive Sentiment: Erste Group raised its FY2027 earnings estimate for Citigroup, suggesting improving profit expectations over the medium term.
• Neutral Sentiment: Citibank announced the redemption of $2.5 billion in notes due in 2026, a routine capital-management move that should be viewed as neutral for the shares.
• Negative Sentiment: Citi’s reduced bitcoin and ether targets may dampen sentiment toward its research calls in the digital-assets space, potentially creating a modest headwind for investor perception.

Wall Street Analyst Weigh In

A number of equities analysts have commented on C shares. The Goldman Sachs Group lifted their price objective on shares of Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Piper Sandler reissued an “overweight” rating and issued a $145.00 target price (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $139.00 price target on shares of Citigroup in a research report on Wednesday, April 15th. Evercore set a $139.00 price target on Citigroup in a report on Wednesday, April 15th. Finally, Barclays upped their price objective on Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $139.62.

Citigroup Price Performance

NYSE C opened at $139.93 on Friday. Citigroup Inc. has a 52 week low of $85.48 and a 52 week high of $147.96. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. The stock has a market cap of $238.67 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11. The company has a 50-day moving average price of $132.28 and a two-hundred day moving average price of $121.75.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, beating the consensus estimate 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 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 last year, the business earned $1.96 earnings per share. Analysts forecast that Citigroup Inc. will post 10.83 EPS for the current year.

Citigroup announced that its board has authorized a stock repurchase program on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 13.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction 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 sale, the director owned 12,194 shares of the company’s stock, valued at $1,527,908.20. The trade was a 14.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction 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 sale, the insider directly 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 owned by company insiders.

Citigroup 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.