St. Louis Financial Planners Asset Management LLC Takes Position in Citigroup Inc. $C

St. Louis Financial Planners Asset Management LLC bought a new position in shares of Citigroup Inc. (NYSE:C) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,323 shares of the company’s stock, valued at approximately $2,955,000. Citigroup accounts for 1.8% of St. Louis Financial Planners Asset Management LLC’s holdings, making the stock its 21st biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors grew its holdings in Citigroup by 6.5% in the 3rd quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock valued at $4,797,292,000 after buying an additional 2,871,074 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Citigroup by 2.7% during the 3rd quarter. Fisher Asset Management LLC now owns 33,040,513 shares of the company’s stock worth $3,353,612,000 after acquiring an additional 879,056 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Citigroup by 1.8% during the 3rd quarter. Franklin Resources Inc. now owns 32,870,559 shares of the company’s stock worth $3,336,362,000 after acquiring an additional 580,027 shares during the period. Norges Bank acquired a new stake in shares of Citigroup in the second quarter worth approximately $2,455,929,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Citigroup by 17.6% in the third quarter. Bank of New York Mellon Corp now owns 28,125,995 shares of the company’s stock worth $2,854,788,000 after acquiring an additional 4,211,099 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Down 0.4%

NYSE C opened at $109.46 on Friday. Citigroup Inc. has a one year low of $55.51 and a one year high of $125.16. The company’s 50 day moving average price is $113.33 and its 200 day moving average price is $107.49. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $191.47 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.70 and a beta of 1.17.

Citigroup (NYSE:C) last released its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The company had revenue of $19.87 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the firm earned $1.34 earnings per share. Citigroup’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 2nd were issued a dividend of $0.60 per share. The ex-dividend date was Monday, February 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. Citigroup’s payout ratio is presently 34.43%.

Insiders Place Their Bets

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $111.09, for a total value of $4,796,088.57. Following the completion of the sale, the insider directly owned 45,835 shares in the company, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on C. UBS Group reaffirmed a “neutral” rating and set a $132.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Morgan Stanley set a $152.00 price target on shares of Citigroup in a report on Tuesday, February 17th. Keefe, Bruyette & Woods boosted their price objective on shares of Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. The Goldman Sachs Group upped their price objective on Citigroup from $113.00 to $127.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Finally, Truist Financial increased their target price on Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $127.25.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Senate/industry chatter suggests a tentative deal between banking and crypto groups could be announced, potentially clearing the path for the long-stalled CLARITY Act. Regulatory clarity on crypto could unlock custody, trading and advisory opportunities for large banks that are building crypto businesses, a potential upside for Citigroup’s institutional franchises. CNBC Teases Deal Between Banks And Crypto For Long-Awaited Market Structure Bill
• Positive Sentiment: The Federal Reserve has proposed easing certain capital rules for major banks under the Basel III Endgame framework. Reduced capital burdens or more flexible requirements could improve return-on-equity and dividend/buyback capacity for large banks including Citigroup. Fed proposes easing capital rules for major banks
• Positive Sentiment: Analyst commentary: Barron’s included Citigroup among several banks that could thrive in a choppy market, highlighting relative value in the sector — a supportive narrative for longer-term investor interest in C. Citigroup and 5 More Bank Stocks Set to Thrive in a Choppy Market
• Neutral Sentiment: Citi’s research desk is active — the bank recently initiated coverage on an electric-vehicle manufacturer with a rare buy rating. This showcases Citi’s advisory/research strengths that can support investment-banking fees, but is not an immediate earnings driver for the bank itself. Citigroup initiates coverage on this electric vehicle manufacturer with a rare buy rating
• Neutral Sentiment: Citigroup analysts trimmed price targets on several crypto-related stocks while keeping a surprise pick; reflects a cautious institutional view on crypto asset prices (affects research credibility and client flows but not direct bank P&L immediately). Citigroup quietly trims most crypto stocks, except one surprise pick
• Negative Sentiment: The Fed’s decision to hold rates while signaling higher-for-longer inflation has pressured bank stocks broadly (near-term hit to trading and credit dynamics). That macro backdrop can weigh on Citigroup’s quarterly revenue mix and investor sentiment. Fed Keeps Rates Steady Amid Rising Inflation: What it Means for Banks
• Negative Sentiment: Leadership news: a report says Citi executive Mason plans to leave by year-end while pursuing a CEO role elsewhere — any senior departures can create short-term uncertainty on strategy and succession until clarity emerges. Citi’s Mason plans to leave by year’s end, gunning for a CEO role – report

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.