Sierra Summit Advisors LLC Sells 30,300 Shares of Citigroup Inc. $C

Sierra Summit Advisors LLC decreased its stake in shares of Citigroup Inc. (NYSE:C) by 16.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 148,800 shares of the company’s stock after selling 30,300 shares during the quarter. Citigroup accounts for about 2.5% of Sierra Summit Advisors LLC’s investment portfolio, making the stock its 7th biggest position. Sierra Summit Advisors LLC’s holdings in Citigroup were worth $16,875,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Mcguire Capital Advisors Inc. acquired a new stake in Citigroup during the fourth quarter worth about $25,000. Richards Merrill & Peterson Inc. bought a new position in Citigroup during the fourth quarter valued at about $28,000. TD Capital Management LLC acquired a new position in Citigroup in the 4th quarter valued at approximately $28,000. Luken Investment Analytics LLC acquired a new position in Citigroup in the 4th quarter valued at approximately $32,000. Finally, High Note Wealth LLC lifted its position in shares of Citigroup by 107.7% in the 4th quarter. High Note Wealth LLC now owns 270 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Buying and Selling at Citigroup

In related news, 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 transaction, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $265,260.10. Following the transaction, the director directly owned 12,194 shares of the company’s stock, valued at $1,527,908.20. This represents a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.11% of the stock is currently owned by insiders.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup and other major banks passed the Fed’s 2026 stress tests, clearing the way for dividend increases and reinforcing confidence in the bank’s capital strength.
• Positive Sentiment: Analysts continue to expect Citi to post solid results, with recent reports highlighting its strong earnings-surprise history ahead of the next quarterly release.
• Positive Sentiment: Erste Group raised its FY2027 earnings estimate for Citigroup, suggesting improving profit expectations over the medium term.
• Neutral Sentiment: Citibank announced the redemption of $2.5 billion in notes due in 2026, a routine capital-management move that should be viewed as neutral for the shares.
• Negative Sentiment: Citi’s reduced bitcoin and ether targets may dampen sentiment toward its research calls in the digital-assets space, potentially creating a modest headwind for investor perception.

Citigroup Price Performance

Citigroup stock opened at $139.93 on Friday. The business has a 50 day simple moving average of $132.28 and a 200 day simple moving average of $121.75. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $238.67 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11. Citigroup Inc. has a one year low of $85.48 and a one year high of $147.96.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $22.96 billion. During the same period in the prior year, the business posted $1.96 earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts forecast that Citigroup Inc. will post 10.83 EPS for the current fiscal year.

Citigroup announced that its board has authorized a stock buyback program on Thursday, May 7th that permits the company to buyback $30.00 billion in shares. This buyback authorization permits the company to reacquire up to 13.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays lifted their price objective on Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Truist Financial upped their target price on Citigroup from $147.00 to $158.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Morgan Stanley raised their target price on Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday. Keefe, Bruyette & Woods increased their price objective on shares of Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Citigroup from $131.00 to $135.50 and gave the stock an “overweight” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.62.

Citigroup Company 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.