Copley Financial Group Inc. Invests $694,000 in Citigroup Inc. $C

Copley Financial Group Inc. acquired a new stake in shares of Citigroup Inc. (NYSE:C) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,949 shares of the company’s stock, valued at approximately $694,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in C. Norges Bank acquired a new position in Citigroup in the 4th quarter valued at about $2,800,944,000. Vanguard Group Inc. boosted its stake in shares of Citigroup by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after purchasing an additional 4,938,923 shares during the last quarter. Capital World Investors grew its holdings in shares of Citigroup by 6.5% during the third quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock worth $4,797,292,000 after buying an additional 2,871,074 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Citigroup during the fourth quarter worth about $298,082,000. Finally, SG Americas Securities LLC raised its position in shares of Citigroup by 291.4% in the fourth quarter. SG Americas Securities LLC now owns 1,319,549 shares of the company’s stock valued at $153,978,000 after buying an additional 2,008,946 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup is benefiting from strong momentum as shares trade near a 17-year high, helped by restructuring gains, AI-led initiatives, and buyback activity. Citigroup Stock at Multi-Year High: Why Investors Should Stay Invested
• Positive Sentiment: Investor discussion around Citigroup has turned more constructive, with some noting its recent highs and tokenization plans as signs of innovation and longer-term growth potential. Citigroup Stock (C) Opinions on Recent Highs and Tokenization Plans
• Positive Sentiment: Citigroup’s bullish case was reinforced by commentary that the stock remains attractive versus peers because of its lower valuation and turnaround progress. Which is the Better Bank Stock to Buy: JPMorgan or Citigroup?
• Neutral Sentiment: Citigroup chief U.S. economist Andrew Hollenhorst reiterated his call for Fed rate cuts later this year, a macro view that could matter for bank margins but is not an immediate company-specific catalyst. Citi Chief US Economist Defends Unpopular Fed Rate-Cut Call
• Negative Sentiment: Reuter’s report that a former Citigroup wealth executive alleged she was fired after raising concerns about Trump-related client outreach and risk management could add a governance overhang, though the case is still an allegation. Ex-Citi wealth MD alleges firing after flagging Trump-related client concerns, FT reports
• Negative Sentiment: Recent insider selling and mixed institutional positioning may temper enthusiasm, even as the broader trend in the shares remains positive. Citigroup Stock (C) Opinions on Recent Highs and Tokenization Plans

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on C shares. Royal Bank Of Canada reissued an “outperform” rating and set a $139.00 price objective on shares of Citigroup in a research note on Wednesday, April 15th. Wells Fargo & Company boosted their price target on Citigroup from $160.00 to $162.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Wall Street Zen raised Citigroup from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Evercore set a $139.00 price objective on Citigroup in a report on Wednesday, April 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $137.62.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction 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 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. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.11% of the company’s stock.

Citigroup Price Performance

C opened at $142.78 on Wednesday. Citigroup Inc. has a 1 year low of $77.11 and a 1 year high of $143.56. The company’s 50 day simple moving average is $128.41 and its 200 day simple moving average is $118.75. The stock has a market capitalization of $243.52 billion, a PE ratio of 17.69, a P/E/G ratio of 0.63 and a beta of 1.12. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.63 by $0.43. The firm had revenue of $24.63 billion during 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 for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.96 earnings per share. As a group, sell-side analysts expect that Citigroup Inc. will post 10.68 EPS for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, May 4th. Citigroup’s dividend payout ratio is presently 29.74%.

Citigroup announced that its board has initiated a share buyback program on Thursday, May 7th that allows the company to buyback $30.00 billion in shares. This buyback authorization allows the company to buy up to 13.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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.