Opal Capital LLC Takes Position in Citigroup Inc. $C

Opal Capital LLC purchased a new stake in Citigroup Inc. (NYSE:C) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 90,054 shares of the company’s stock, valued at approximately $10,509,000. Citigroup comprises about 2.6% of Opal Capital LLC’s portfolio, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Rothschild Wealth LLC increased its holdings in Citigroup by 487.1% in the 4th quarter. Rothschild Wealth LLC now owns 11,759 shares of the company’s stock valued at $1,372,000 after acquiring an additional 9,756 shares during the last quarter. Delta Global Management LP increased its holdings in Citigroup by 20.8% in the 4th quarter. Delta Global Management LP now owns 588,487 shares of the company’s stock valued at $68,671,000 after acquiring an additional 101,130 shares during the last quarter. Rakuten Investment Management Inc. increased its holdings in Citigroup by 723.3% in the 4th quarter. Rakuten Investment Management Inc. now owns 237,567 shares of the company’s stock valued at $28,064,000 after acquiring an additional 208,713 shares during the last quarter. Abound Financial LLC bought a new stake in Citigroup in the 4th quarter valued at $221,000. Finally, L2 Asset Management LLC increased its holdings in Citigroup by 4.5% in the 4th quarter. L2 Asset Management LLC now owns 9,391 shares of the company’s stock valued at $1,096,000 after acquiring an additional 406 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Price Performance

Citigroup stock opened at $142.78 on Wednesday. The stock has a market cap of $243.52 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 0.63 and a beta of 1.12. 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 Inc. has a 1 year low of $77.11 and a 1 year high of $143.56. The firm has a 50-day moving average of $128.41 and a two-hundred day moving average of $118.75.

Citigroup (NYSE:C) last released its quarterly earnings data 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 company 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 firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.96 EPS. On average, research analysts forecast that Citigroup Inc. will post 10.68 earnings per share for the current year.

Citigroup declared that its board has initiated a share buyback plan on Thursday, May 7th that allows the company to buyback $30.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 13.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, May 4th. Citigroup’s payout ratio is 29.74%.

Trending Headlines about Citigroup

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

Insider Activity

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of the sale, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Skyler sold 25,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the completion of the sale, the insider directly owned 182,022 shares of the company’s stock, valued at approximately $23,919,511.02. This trade represents a 12.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on C shares. 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. Wells Fargo & Company boosted their target price on shares of Citigroup from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Oppenheimer restated an “outperform” rating and issued a $145.00 target price on shares of Citigroup in a report on Friday, May 8th. Barclays boosted their target price on shares of Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, The Goldman Sachs Group boosted their target price on shares of Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $137.62.

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.