Truist Financial Corp Boosts Stock Position in Citigroup Inc. $C

Truist Financial Corp boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 4.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 375,977 shares of the company’s stock after acquiring an additional 16,744 shares during the quarter. Truist Financial Corp’s holdings in Citigroup were worth $43,873,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of C. Donaldson Capital Management LLC purchased a new stake in shares of Citigroup during the 3rd quarter worth $58,994,000. Brighton Jones LLC lifted its stake in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares during the last quarter. Gunderson Capital Management Inc. purchased a new stake in shares of Citigroup during the 4th quarter worth $7,165,000. Kovitz Investment Group Partners LLC lifted its stake in shares of Citigroup by 17.3% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 663,416 shares of the company’s stock worth $67,337,000 after purchasing an additional 98,082 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Citigroup by 3.4% during the 3rd quarter. Cerity Partners LLC now owns 1,029,530 shares of the company’s stock worth $104,496,000 after purchasing an additional 34,184 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Management will lay out medium-term profitability targets at an investor day, highlighting expected expense discipline, revenue gains from a multi‑year overhaul, and plans to use AI to expand the wealth business — a clear signal management is targeting faster earnings improvement. Citigroup to announce new profit targets at investor day, CEO says
• Positive Sentiment: Citi has introduced a new rewards structure that pays employees directly for generating banking and wealth referrals — a move likely to improve cross‑sell effectiveness and revenue per client if execution follows through. Citigroup sets new rewards structure for banking and wealth referrals
• Positive Sentiment: Citi rolled out an internal platform to deploy AI agents across banking workflows, which could lift productivity and lower operating costs over time — supporting margin expansion assumptions. Citi Debuts Platform to Bring AI Agents to Banking Work
• Neutral Sentiment: Citi is strengthening its India M&A franchise with a senior hire (Raj Rathi), which supports growth in a key market but is more incremental to near‑term earnings. Citi Hires Raj Rathi From Dream Sports as Head of M&A in India
• Neutral Sentiment: Recent analyst writeups (Zacks, MSN coverage) reiterate a longer‑term growth story for Citi, supporting investor interest but not a near‑term catalyst by themselves. Why Citigroup (C) is a Top Growth Stock for the Long-Term
• Negative Sentiment: There’s potential reputational/compensation noise from a high‑profile executive payout reported in the press; such items can draw short‑term scrutiny and be treated as one‑offs to watch. Indian-origin banker Viswas Raghavan to receive $52 million from Citigroup

Citigroup Trading Up 2.0%

Shares of NYSE:C opened at $128.08 on Wednesday. The business’s 50-day moving average is $117.26 and its 200 day moving average is $112.56. Citigroup Inc. has a 1 year low of $69.17 and a 1 year high of $135.29. The firm has a market capitalization of $219.65 billion, a P/E ratio of 15.87, a P/E/G ratio of 0.56 and a beta of 1.14. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 1.00.

Citigroup (NYSE:C) last announced its earnings results 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. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The company had revenue of $24.63 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same period in the prior year, the company posted $1.96 EPS. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, research analysts predict that Citigroup Inc. will post 10.66 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. Citigroup’s dividend payout ratio is currently 29.74%.

Analysts Set New Price Targets

C has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on Citigroup from $160.00 to $162.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. TD Cowen restated a “hold” rating on shares of Citigroup in a research note on Wednesday, January 7th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research note on Monday, April 20th. Keefe, Bruyette & Woods upped their price objective on Citigroup from $131.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. upped their price objective on Citigroup from $131.00 to $135.50 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $136.79.

Insider Transactions at Citigroup

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $111.09, for a total value of $4,796,088.57. Following the transaction, the insider directly owned 45,835 shares of the company’s stock, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the insider directly 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 disclosure for this sale is available in the SEC filing. Insiders sold 92,318 shares of company stock worth $10,764,814 over the last three months. 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.