KLP Kapitalforvaltning AS Has $103.18 Million Stock Position in Citigroup Inc. $C

KLP Kapitalforvaltning AS increased its stake in shares of Citigroup Inc. (NYSE:C) by 0.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 884,241 shares of the company’s stock after buying an additional 7,600 shares during the period. KLP Kapitalforvaltning AS’s holdings in Citigroup were worth $103,182,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC raised its holdings in Citigroup by 12.9% during the 4th quarter. Hobbs Group Advisors LLC now owns 15,592 shares of the company’s stock worth $1,819,000 after purchasing an additional 1,786 shares during the last quarter. Bedel Financial Consulting Inc. raised its holdings in Citigroup by 15.0% during the 4th quarter. Bedel Financial Consulting Inc. now owns 2,457 shares of the company’s stock worth $287,000 after purchasing an additional 321 shares during the last quarter. Proathlete Wealth Management LLC raised its holdings in Citigroup by 2.6% during the 4th quarter. Proathlete Wealth Management LLC now owns 8,036 shares of the company’s stock worth $938,000 after purchasing an additional 201 shares during the last quarter. Crown Wealth Group LLC bought a new stake in Citigroup during the 4th quarter worth about $260,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Citigroup by 7.4% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,278,741 shares of the company’s stock worth $148,705,000 after purchasing an additional 88,317 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

Shares of C stock opened at $131.65 on Wednesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 1.00. The stock has a market cap of $225.77 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11. The stock has a 50-day moving average of $114.95 and a 200-day moving average of $110.81. Citigroup Inc. has a one year low of $63.51 and a one year 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, beating analysts’ consensus estimates of $2.63 by $0.43. The company had revenue of $24.63 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.Citigroup’s revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 EPS. As a group, sell-side analysts expect that Citigroup Inc. will post 10.49 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be paid 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 1.8%. Citigroup’s dividend payout ratio is 29.74%.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q1 beat and decade-high revenue: Citigroup reported stronger-than-expected Q1 results (EPS and revenue beat; revenue up ~14% y/y), which underpins the turnaround narrative and supports valuation. Citigroup Q1 Revenues Hit Decade-High Mark
• Positive Sentiment: Analyst upgrade/target lift: RBC Capital raised its price target on Citigroup to $139 (reiterating Outperform) after the strong quarter, giving investor support for further upside. Why Citigroup Inc. (C) is One of the Best Cheap Stocks
• Positive Sentiment: Consumer product partnership: Citi enhanced the AT&T Points Plus card and expanded perks with AT&T, a modest revenue/engagement positive for its card business. AT&T, Citigroup Offers New Savings Perks For Customers
• Neutral Sentiment: Regulatory/transparency filing: Citigroup submitted a participation notification in Belgium showing it crossed a 3% threshold in Solvay — routine regulatory disclosure with limited direct near-term impact on Citi stock. Participation notification by Citigroup Inc.
• Neutral Sentiment: Citi research on oil: Citigroup’s own research warns oil could hit $110 if Strait of Hormuz disruptions persist — a macro view that influences trading desks but is not a direct company operational driver. Citi Sees Oil at $110 If Hormuz Disruption Lasts Another Month
• Neutral Sentiment: Citi research activity elsewhere: The firm trimmed a price target on Eastman Chemical — a reminder Citi’s research flow influences markets but is orthogonal to Citigroup’s stock fundamentals. Eastman Chemical (EMN) Gets a $1 Price Target Cut from Citi
• Negative Sentiment: Geopolitical and market volatility: Headlines about Iran/ceasefire extensions and oil-market swings are creating risk-off moves and commodity-driven volatility that can weigh on banks’ trading revenue and overall market sentiment, contributing to the share decline. Trump extends ceasefire in Iran, citing ‘seriously fractured’ Iranian government

Insider Activity at Citigroup

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s 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 completion of the sale, the insider directly owned 45,835 shares of the company’s stock, valued at $5,091,810.15. This represents a 48.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on C shares. Royal Bank Of Canada reissued an “outperform” rating and set a $139.00 price objective on shares of Citigroup in a report on Wednesday, April 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a report on Monday. Morgan Stanley boosted their price objective on Citigroup from $140.00 to $144.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Piper Sandler reissued an “overweight” rating and set a $145.00 price objective (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. Finally, HSBC reissued a “buy” rating and set a $87.00 price objective on shares of Citigroup in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.94.

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.