Krilogy Financial LLC Purchases 7,353 Shares of Citigroup Inc. $C

Krilogy Financial LLC raised its holdings in shares of Citigroup Inc. (NYSE:C) by 29.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,216 shares of the company’s stock after purchasing an additional 7,353 shares during the quarter. Krilogy Financial LLC’s holdings in Citigroup were worth $3,654,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Citigroup by 166.9% in the fourth 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. Sivia Capital Partners LLC boosted its holdings in Citigroup by 20.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock worth $835,000 after buying an additional 1,669 shares during the period. United Bank bought a new position in Citigroup in the 2nd quarter worth approximately $972,000. Osterweis Capital Management Inc. grew its stake in Citigroup by 3,016.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 935 shares of the company’s stock valued at $80,000 after buying an additional 905 shares in the last quarter. Finally, HUB Investment Partners LLC grew its stake in Citigroup by 26.9% in the 2nd quarter. HUB Investment Partners LLC now owns 15,287 shares of the company’s stock valued at $1,301,000 after buying an additional 3,238 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s earnings outlook remains constructive, with discussion pointing to solid positioning, lower short interest in the broader market, and expectations for continued strength versus peers. Citigroup Stock (C) Opinions on Market Positioning and Earnings Outlook
• Positive Sentiment: Wells Fargo raised its price target on Citigroup to $165 and reiterated an Overweight rating, signaling continued analyst confidence in the bank’s profitability outlook. Citigroup (C) Could Surpass Long-Term Profitability Target, According to Wells Fargo
• Positive Sentiment: Citigroup has also been described as a strong momentum stock, reflecting sustained investor interest after its strong run since late 2023. Here’s Why Citigroup (C) is a Strong Momentum Stock
• Neutral Sentiment: Citigroup continues expanding internationally, including naming Rajeev Garg as UAE wealth head, which supports its wealth-management strategy but is unlikely to move the shares much on its own. Citi names Rajeev Garg as UAE wealth head
• Neutral Sentiment: Citi-related filings showed entities exiting substantial holder status in Telix Pharmaceuticals and Resolute Mining, but these are portfolio-management updates rather than direct signals about Citigroup’s core business. Citigroup Entities Exit Substantial Holder Status in Telix Pharmaceuticals
• Negative Sentiment: Insider-trading data remains a mild overhang, with recent open-market activity showing only sales and no purchases over the past six months. Citigroup Stock (C) Opinions on Market Positioning and Earnings Outlook

Wall Street Analysts Forecast Growth

Several research firms have issued reports on C. Truist Financial set a $147.00 target price on Citigroup in a research report on Friday, May 1st. Wall Street Zen upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Evercore set a $139.00 price objective on Citigroup in a research note on Wednesday, April 15th. Wells Fargo & Company increased their price objective on Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. Finally, Morgan Stanley raised their target price on Citigroup from $140.00 to $144.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.79.

Citigroup Stock Performance

NYSE C opened at $145.30 on Wednesday. Citigroup Inc. has a 1 year low of $79.88 and a 1 year high of $147.96. 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 stock has a market capitalization of $247.82 billion, a PE ratio of 18.00, a P/E/G ratio of 0.63 and a beta of 1.12. The company’s 50 day simple moving average is $130.70 and its two-hundred day simple moving average is $120.18.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 EPS 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 net margin of 9.35% and a return on equity of 9.19%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the firm earned $1.96 EPS. Analysts predict that Citigroup Inc. will post 10.72 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.40 annualized dividend and a yield of 1.7%. Citigroup’s dividend payout ratio (DPR) is currently 29.74%.

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

Insider Buying and Selling at Citigroup

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

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.