Smithbridge Asset Management Inc. DE Raises Stock Position in Citigroup Inc. $C

Smithbridge Asset Management Inc. DE grew its stake in Citigroup Inc. (NYSE:C) by 612.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 16,057 shares of the company’s stock after purchasing an additional 13,804 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in Citigroup were worth $1,821,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Citigroup by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock valued at $19,048,467,000 after acquiring an additional 4,938,923 shares during the last quarter. Capital World Investors boosted its stake in Citigroup by 6.5% in the third quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock valued at $4,797,292,000 after acquiring an additional 2,871,074 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Citigroup by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock worth $5,036,712,000 after purchasing an additional 189,548 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Citigroup by 4.0% during the fourth quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock worth $3,990,422,000 after purchasing an additional 1,326,224 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Citigroup by 2.6% during the fourth quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock worth $3,954,307,000 after purchasing an additional 846,772 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on C shares. JPMorgan Chase & Co. upped their target price on Citigroup from $131.00 to $135.50 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Oppenheimer lowered Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $139.00 price objective on shares of Citigroup in a research note on Wednesday, April 15th. Keefe, Bruyette & Woods increased their price objective on Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Truist Financial raised their target price on shares of Citigroup from $147.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. 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 company. Based on data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $139.62.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup passed the Fed’s 2026 stress test, supporting the case for a larger dividend and signaling solid capital resilience. 3 Big Banks Plan Double Digit Dividend Increases After Passing Fed Stress Test (C)
• Positive Sentiment: Analysts have raised earnings expectations for Citigroup, which can help reinforce investor confidence ahead of its next quarterly report. Citigroup Inc. Stock Overview
• Positive Sentiment: Wall Street commentary continues to frame Citigroup as a potential earnings beat candidate, suggesting fundamentals may remain better than feared. Will Citigroup (C) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Citigroup announced redemptions of $2.5 billion in 2026 notes, a routine capital-management action that is more likely to be viewed as balance-sheet housekeeping than a major stock catalyst. Citibank Announces $1.5 Billion Redemption of 4.929% Notes Due 2026 and $1 Billion Redemption of Floating Rate Notes Due 2026
• Negative Sentiment: Citigroup’s crypto research was broadly bearish, with the firm cutting bitcoin and ether price targets on weaker investor appetite and ETF outflows; that’s not a direct hit to Citigroup’s core banking business, but it may weigh on sentiment around its digital-assets outlook. Citi cuts bitcoin, ether forecasts as ETF flows turn negative
• Negative Sentiment: A separate market note warned that bank stocks may be getting stretched after a strong run, which could encourage some investors to take profits in Citigroup and peers. Bank Stocks Are Doing Great, but It’s Time to ‘Take the Money and Run’

Citigroup Stock Performance

NYSE C opened at $140.13 on Thursday. The firm has a market cap of $239.00 billion, a P/E ratio of 17.36, a P/E/G ratio of 0.60 and a beta of 1.11. Citigroup Inc. has a 52-week low of $85.46 and a 52-week high of $147.96. The business’s 50-day moving average price is $132.12 and its 200 day moving average price is $121.55. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.59.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.63 by $0.43. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The firm had revenue of $24.63 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same period in the prior year, the business earned $1.96 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts expect that Citigroup Inc. will post 10.83 earnings per share for the current year.

Citigroup announced that its board has approved a stock buyback program 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 programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, Director John Cunningham Dugan sold 2,117 shares of the business’s stock in a transaction that occurred 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 owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total value of $3,285,250.00. Following the sale, the insider owned 182,022 shares of the company’s stock, valued at $23,919,511.02. This trade represents a 12.08% decrease in their position. The SEC filing for this sale provides additional information. 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.