Graham Capital Management L.P. Has $28.13 Million Position in Citigroup Inc. $C

Graham Capital Management L.P. lifted its stake in shares of Citigroup Inc. (NYSE:C) by 115.8% during the fourth quarter, Holdings Channel reports. The fund owned 241,094 shares of the company’s stock after buying an additional 129,391 shares during the quarter. Citigroup comprises 0.7% of Graham Capital Management L.P.’s investment portfolio, making the stock its 21st largest position. Graham Capital Management L.P.’s holdings in Citigroup were worth $28,133,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Copley Financial Group Inc. acquired a new position in shares of Citigroup during the 4th quarter valued at $694,000. Polar Capital Holdings Plc lifted its position in shares of Citigroup by 49.1% during the 4th quarter. Polar Capital Holdings Plc now owns 118,672 shares of the company’s stock valued at $13,848,000 after acquiring an additional 39,070 shares during the period. Opal Capital LLC acquired a new position in shares of Citigroup during the 4th quarter valued at $10,509,000. Rothschild Wealth LLC lifted its position in shares of Citigroup by 487.1% during 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 period. Finally, Delta Global Management LP lifted its position in shares of Citigroup by 20.8% during 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 period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on C shares. The Goldman Sachs Group boosted their target price on shares of Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Piper Sandler reiterated an “overweight” rating and set a $145.00 target price (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. Truist Financial set a $147.00 target price on shares of Citigroup in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of Citigroup from $131.00 to $135.50 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Barclays boosted their target price on shares of Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. One investment 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. According to data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.62.

Citigroup News Summary

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

Citigroup Stock Performance

C opened at $142.78 on Wednesday. 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 company’s fifty day moving average price is $128.41 and its two-hundred day moving average price is $118.75. Citigroup Inc. has a 1-year low of $77.11 and a 1-year high of $143.56. The company has a market cap of $243.52 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 0.63 and a beta of 1.12.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.43. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The firm had revenue of $24.63 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. On average, analysts expect that Citigroup Inc. will post 10.68 EPS for the current fiscal year.

Citigroup Dividend Announcement

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

Citigroup announced that its Board of Directors has approved a stock buyback plan on Thursday, May 7th that permits the company to repurchase $30.00 billion in shares. This repurchase authorization permits the company to buy up to 13.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Citigroup

In other news, insider Edward Skyler sold 25,000 shares of the stock in a transaction dated 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 sale, the insider owned 182,022 shares in the company, valued at $23,919,511.02. This represents a 12.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.30, for a total transaction of $265,260.10. Following the completion of the sale, the director owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. This represents a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.11% of the company’s stock.

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.