Marvin & Palmer Associates Inc. Has $9.80 Million Position in Citigroup Inc. $C

Marvin & Palmer Associates Inc. grew its position in Citigroup Inc. (NYSE:C) by 10.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 83,966 shares of the company’s stock after purchasing an additional 7,686 shares during the period. Citigroup accounts for about 6.9% of Marvin & Palmer Associates Inc.’s portfolio, making the stock its 2nd biggest position. Marvin & Palmer Associates Inc.’s holdings in Citigroup were worth $9,798,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of C. Vanguard Group Inc. grew its holdings in shares of Citigroup by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock valued at $19,048,467,000 after buying an additional 4,938,923 shares during the last quarter. Capital World Investors boosted its stake in shares of Citigroup by 6.5% during the 3rd quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock worth $4,797,292,000 after acquiring an additional 2,871,074 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Citigroup by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock worth $5,036,712,000 after acquiring an additional 189,548 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Citigroup by 4.0% during the 4th quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock worth $3,990,422,000 after acquiring an additional 1,326,224 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Citigroup by 2.6% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on C. Wells Fargo & Company increased their price target on shares of Citigroup from $160.00 to $162.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Oppenheimer restated an “outperform” rating and issued a $145.00 price objective on shares of Citigroup in a report on Friday, May 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $139.00 price target on shares of Citigroup in a research note on Wednesday, April 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research note on Monday, April 20th. Finally, Wall Street Zen upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.62.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s equity strategists turned more bullish on the market, raising their year-end S&P 500 target and arguing that strong earnings growth and AI spending are still outweighing macro risks. The Stock Market Just Got Crushed. Why Citi Is Raising Its S&P 500 Target.
• Positive Sentiment: Citigroup said it expects 5% to 6% year-over-year net interest income growth in 2026, helped by rising loan demand, stabilizing deposit costs, and restructuring benefits. Citigroup’s Path to 5-6% NII Rise in 2026: What’s Driving the Upside?
• Positive Sentiment: Citi hired Andrew Conway as global chair of consumer and retail investment banking, a move aimed at expanding the firm’s banking franchise in that sector. Citi hires Andrew Conway as global chair of consumer and retail investment banking
• Positive Sentiment: Citi announced the full redemption of $3.15 billion in notes due 2027, a routine balance-sheet action that can modestly support capital management. Citigroup (C) Announces Full Redemption of $3.15B in Notes Due 2027
• Neutral Sentiment: Citi also warned that traders are building aggressive short positions in U.S. stocks, underscoring elevated market risk even as positioning has improved after last week’s selloff. Citi’s Chew Sees Aggressive Short-Selling Positions in US Stocks
• Neutral Sentiment: Citi trimmed its 3-month gold target to $4,000 on softer demand, which is more of a commodity call than a direct stock driver. Citi trims 3-month gold target to $4,000 on softer demand

Citigroup Trading Up 1.0%

NYSE C opened at $134.63 on Wednesday. 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 firm has a market cap of $229.63 billion, a PE ratio of 16.68, a P/E/G ratio of 0.60 and a beta of 1.12. Citigroup Inc. has a one year low of $76.11 and a one year high of $135.93. The firm’s fifty day moving average is $125.83 and its two-hundred day moving average is $117.38.

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

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. Citigroup’s payout ratio is presently 29.74%.

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

Insider Activity

In other news, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.30, for a total value of $265,260.10. Following the sale, the director owned 12,194 shares of the company’s stock, valued at $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the completion of the sale, the insider directly owned 182,022 shares in the company, valued at approximately $23,919,511.02. The trade was a 12.08% decrease in their position. The SEC filing for this sale provides additional information. 0.11% of the stock is owned by 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.