Citigroup Inc. $C Shares Sold by NWF Advisory Services Inc.

NWF Advisory Services Inc. cut its stake in shares of Citigroup Inc. (NYSE:C) by 25.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 70,264 shares of the company’s stock after selling 23,378 shares during the quarter. NWF Advisory Services Inc.’s holdings in Citigroup were worth $7,969,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. TFR Capital LLC. raised its position in shares of Citigroup by 4.2% during the first quarter. TFR Capital LLC. now owns 6,666 shares of the company’s stock worth $756,000 after purchasing an additional 267 shares during the period. Gratus Wealth Advisors LLC purchased a new position in Citigroup in the 1st quarter worth about $339,000. Tevis Investment Management increased its stake in Citigroup by 4.6% in the 1st quarter. Tevis Investment Management now owns 14,632 shares of the company’s stock worth $1,659,000 after purchasing an additional 643 shares in the last quarter. AMF Tjanstepension AB raised its holdings in Citigroup by 1.4% during the 1st quarter. AMF Tjanstepension AB now owns 1,099,751 shares of the company’s stock worth $124,723,000 after buying an additional 14,792 shares during the period. Finally, J. Safra Sarasin Holding AG raised its holdings in Citigroup by 1,867.9% during the 1st quarter. J. Safra Sarasin Holding AG now owns 245,989 shares of the company’s stock worth $27,898,000 after buying an additional 233,489 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 2,117 shares of the company’s stock in a transaction on 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. This represents a 14.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $3,285,250.00. Following the completion of the sale, the insider owned 182,022 shares of the company’s stock, valued at approximately $23,919,511.02. The trade was a 12.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on C shares. The Goldman Sachs Group boosted 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. UBS Group lifted their price target on Citigroup from $134.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Piper Sandler reissued an “overweight” rating and set a $145.00 price target (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. Barclays increased 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. Finally, Truist Financial raised their price objective on Citigroup from $147.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. One equities research 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Wall Street expectations for big banks are running high, with several analysts saying Citigroup could beat estimates thanks to resilient consumer activity, healthy loan demand, and stronger capital markets conditions.
• Positive Sentiment: Recent coverage highlighted Citigroup as “the one to watch” among major U.S. banks because it is expected to show the biggest year-over-year improvement on an important performance measure, which could support sentiment if results confirm the trend.
• Positive Sentiment: New commentary on Citi’s tokenized USD clearing and Citi Token Services suggests the bank is making progress on digital transformation, reinforcing the case for longer-term operating efficiency and modernization.
• Positive Sentiment: Analysts continue to rate Citigroup favorably overall, with one note saying the stock carries a “Moderate Buy” consensus ahead of earnings.
• Neutral Sentiment: Market-wide risk aversion is also weighing on sentiment, as bank stocks are softer ahead of a packed earnings calendar and broader futures weakness is pressuring cyclical financial shares.
• Neutral Sentiment: Coverage of Citi’s tech overhaul and leadership efforts points to a multiyear turnaround story, but these initiatives are still viewed as work in progress rather than immediate catalysts.
• Negative Sentiment: Investors are still wary about restructuring costs, credit risk, and whether Citigroup can close the gap to its own performance targets, which could limit enthusiasm if earnings disappoint.

Citigroup Price Performance

NYSE C opened at $140.56 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. Citigroup Inc. has a 1 year low of $86.22 and a 1 year high of $147.96. The company has a fifty day simple moving average of $133.96 and a 200 day simple moving average of $123.03. The company has a market cap of $239.74 billion, a P/E ratio of 17.42, a P/E/G ratio of 0.66 and a beta of 1.11.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.43. The firm 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 quarter in the prior year, the company earned $1.96 EPS. On average, sell-side analysts predict that Citigroup Inc. will post 10.89 EPS for the current year.

Citigroup announced that its Board of Directors has authorized a stock buyback program on Thursday, May 7th that permits the company to buyback $30.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 13.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.