Palouse Capital Management Inc. Has $3.51 Million Stock Holdings in Citigroup Inc. $C

Palouse Capital Management Inc. decreased its stake in Citigroup Inc. (NYSE:C) by 19.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,926 shares of the company’s stock after selling 7,383 shares during the period. Citigroup accounts for approximately 2.3% of Palouse Capital Management Inc.’s holdings, making the stock its 14th largest position. Palouse Capital Management Inc.’s holdings in Citigroup were worth $3,507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cane Capital Partners LLC acquired a new stake in shares of Citigroup in the first quarter valued at about $246,000. Secured Retirement Advisors LLC boosted its position in Citigroup by 15.8% during the first quarter. Secured Retirement Advisors LLC now owns 18,821 shares of the company’s stock valued at $2,135,000 after purchasing an additional 2,567 shares during the last quarter. USS Investment Management Ltd boosted its position in Citigroup by 1.6% during the first quarter. USS Investment Management Ltd now owns 306,651 shares of the company’s stock valued at $34,776,000 after purchasing an additional 4,962 shares during the last quarter. IFM Investors Pty Ltd grew its stake in Citigroup by 0.4% in the first quarter. IFM Investors Pty Ltd now owns 363,013 shares of the company’s stock valued at $41,169,000 after purchasing an additional 1,399 shares in the last quarter. Finally, Rexford Capital Inc. grew its stake in Citigroup by 2.3% in the first quarter. Rexford Capital Inc. now owns 5,673 shares of the company’s stock valued at $643,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barclays upped their price objective on Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. The Goldman Sachs Group raised their target price on shares of Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Jefferies Financial Group assumed coverage on shares of Citigroup in a report on Thursday, March 26th. They set a “buy” rating and a $135.00 target price on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $139.00 price target on shares of Citigroup in a research report on Wednesday, April 15th. Finally, Oppenheimer cut shares of Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $139.62.

Citigroup Stock Performance

C opened at $140.13 on Thursday. Citigroup Inc. has a 12-month low of $85.46 and a 12-month high of $147.96. The stock has a market cap of $239.00 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 0.60 and a beta of 1.11. The business has a 50 day moving average of $132.12 and a 200-day moving average of $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 issued its 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 company had revenue of $24.63 billion during the quarter, compared to the consensus estimate of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 EPS. On average, equities research analysts expect that Citigroup Inc. will post 10.83 earnings per share for the current year.

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

Insider Buying and Selling at Citigroup

In other Citigroup news, insider Edward Skyler sold 25,000 shares of the company’s 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 transaction, the insider directly owned 182,022 shares in the company, valued at $23,919,511.02. The trade was a 12.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction, the director directly owned 12,194 shares in the company, valued at $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.11% of the company’s stock.

Citigroup News Summary

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’

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.