Themes Management Co LLC Buys New Shares in Citigroup Inc. $C

Themes Management Co LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 8,232 shares of the company’s stock, valued at approximately $961,000.

Several other institutional investors have also recently made changes to their positions in the stock. Donaldson Capital Management LLC purchased a new position in Citigroup during the third quarter valued at approximately $58,994,000. Kovitz Investment Group Partners LLC increased its stake in shares of Citigroup by 17.3% in the third 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 in the last quarter. Gunderson Capital Management Inc. bought a new stake in shares of Citigroup during the 4th quarter valued at $7,165,000. Brighton Jones LLC raised its position in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,499 shares during the period. Finally, Adell Harriman & Carpenter Inc. lifted its stake in shares of Citigroup by 12.7% during the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 102,255 shares of the company’s stock valued at $10,379,000 after buying an additional 11,512 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on C. JPMorgan Chase & Co. increased their price target on Citigroup from $131.00 to $135.50 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. 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. Wall Street Zen upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Truist Financial set a $147.00 target price on Citigroup in a research note on Friday, May 1st. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.62.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup plans to expand its Asia wealth business with a major hiring push, adding nearly 100 private bankers and 400 specialists to strengthen profitability. Citigroup to Accelerate Asia Wealth Expansion With Major Hiring Push
• Positive Sentiment: Citigroup was included among major U.S. banks that cleared key Fed and FDIC review of their 2025 living wills, easing regulatory concerns and supporting investor confidence in the sector. JPM, WFC & Others Clear Key Regulatory Hurdle on Living Wills
• Neutral Sentiment: Citi also continued to make analyst-related headlines elsewhere in the market, including a new Buy initiation on Alnylam Pharmaceuticals, but that does not directly affect Citigroup’s fundamentals. Citi Initiates Alnylam (ALNY) With Buy Rating

Citigroup Stock Performance

C opened at $125.10 on Tuesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $213.36 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.56 and a beta of 1.14. The company has a fifty day moving average of $121.42 and a 200 day moving average of $115.10. Citigroup Inc. has a fifty-two week low of $71.65 and a fifty-two week high of $135.29.

Citigroup (NYSE:C) last announced its quarterly 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. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The business had revenue of $24.63 billion for the quarter, compared to analysts’ expectations of $22.96 billion. During the same quarter in the previous year, the company earned $1.96 EPS. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Citigroup Inc. will post 10.65 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

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

Citigroup announced 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 reacquire up to 13.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Edward Skyler sold 25,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the completion of the transaction, the insider directly owned 182,022 shares of the company’s stock, valued at approximately $23,919,511.02. This represents a 12.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Cunningham Dugan sold 2,117 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were 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 $1,527,908.20. This represents a 14.79% decrease in their position. The SEC filing for this sale provides additional information. 0.11% of the stock is currently owned by corporate insiders.

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.